ALLEGED $1.5M FRAUD: WITNESS TELLS COURT FUNDS CAME INTO DEFENDANT’S ACCOUNT IN MULTIPLE TRANCHES. (PHOTO). #PRESS RELEASE

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 Alleged $1.5m Fraud:   Witness Tells Court Funds Came into Defendant’s Account in Multiple Tranches The Economic and Financial Crimes Commission (EFCC) on Monday, June 29, 2026, presented its third prosecution witness (PW3), Levi Amanda Opice, a Compliance Officer with Guaranty Trust Bank (GTBank), in the ongoing trial of Ifoma Immanuel before Justice Mojisola Dada of the Lagos State Special Offences Court, Ikeja, over an alleged $1.5 million fraud. Immanuel is standing trial alongside his company, Intermediate Investment Holdings Limited, on a two-count charge bordering on obtaining money by false pretence and forgery involving the sum of $1.5 million. According to the EFCC, investigations revealed that the defendant allegedly induced Adebisi Adebutu of R28 Holdings Limited to invest $1.5 million by claiming that the funds would be used to finance projects linked to Chappal Petroleum Development Company Limited, Intermediate Investment Holdings Limited, and Chappal Ener...
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ABIA GOVT ORDERS RELOCATION OF MECHANICS AND SPARE PARTS DEALERS, DISCLOSES DEADLINE. (PHOTO).

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 Abia Govt Orders Relocation of Mechanics and Spare Parts Dealers, Discloses Deadline


The Abia State Government has issued a final directive mandating all mechanics and auto spare parts dealers operating along key roads in Aba to relocate to the newly designated Ovom Industrial Mechanic Cluster in Ogbor Hill.


In a public announcement released by the Ministry of Industry and Small and Medium Enterprises (SMEs), affected businesses along School/Clifford Road, Hospital Road, Jubilee Road, and Azikiwe Road in Aba North, Aba South, and Obingwa Local Government Areas have until October 15, 2025, to complete their relocation.


The government emphasised that this directive follows the expiration of a one-year grace period granted in May 2024, which was initially requested by the dealers themselves.


According to the statement, the move is part of a broader strategy to decongest the Aba metropolis and promote a safer, more organised, and business-friendly environment.


Traders and stakeholders seeking further clarification have been directed to contact the Ministry at the New Secretariat in Umuahia

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