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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PRESIDENT TINUBU CONGRATULATES INTERFACE AFRICA ON WINNING NEXTGEN INNOVATION CHALLENGE. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE


PRESIDENT TINUBU CONGRATULATES INTERFACE AFRICA ON WINNING NEXTGEN INNOVATION CHALLENGE



President Bola Tinubu congratulates Al'amin Muhammed Idris, chief executive of Interface Africa, on winning the NextGen Innovation Challenge.


 


Interface Africa, representing Kaduna, won a cash award of £1.5 million at the challenge's grand finale, held on Thursday at the Hilton London Paddington.


 


The NextGen Innovation Challenge is a national initiative spearheaded by the National Board for Technology Incubation (NBTI) in partnership with UKALD London.


 


Inspired by President Bola Ahmed Tinubu's Renewed Hope Agenda, the challenge is designed to unlock Nigerian youths' innovative potential


 


President Tinubu commends Interface Africa for its effort in providing affordable solar financing to small businesses in Africa, noting that the cash award will support the company's mission to increase access to clean energy in underserved communities.


 


The President strongly believes that the innovative potential of Nigerian youths is boundless; hence, his administration's deliberate policies and programmes to harness and catalyse this vital resource.


 


President Tinubu also commends the other 104 participants and encourages them to keep innovating, improving lives, and shaping humanity's future.


 


Bayo Onanuga


Special Adviser to the President


(Information & Strategy)


October 10, 2025

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