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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OBI FAULTS LEADERSHIP AS IMF OMITS NIGERIA FROM AFRICA’S TOP GROWTH LIST . (PHOTO).

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 Obi faults leadership as IMF omits Nigeria from Africa’s top growth list 


Peter Obi, former presidential candidate of the Labour Party (LP), says Nigeria’s exclusion from the list of Africa’s fastest-growing economies should serve as a wake-up call for the country’s leaders.


On October 17, the International Monetary Fund (IMF) excluded Nigeria from the list of Africa’s fastest-growing economies.


The IMF listed Benin, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda as the fastest-growing economies on the continent in its Regional Economic Outlook report for sub-Saharan Africa, launched in Washington DC.


In a statement on Thursday, Obi said the countries ranked by the IMF were not wealthier than Nigeria in natural resources, but had surpassed it through discipline, effective leadership, and consistent investment in their people.


He said the countries have prioritised education, healthcare, and poverty reduction while maintaining fiscal prudence and stability.


“Our economy continues to suffer from poor policy choices, corruption, and waste.”

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