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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COLOMBIA CONSTRUCTING FUTURE LONGEST TUNNEL IN LATIN AMERICA . (PHOTO).

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Colombia constructing future longest tunnel in Latin America 

Colombia is moving forward with one of Latin America’s largest infrastructure projects: the Guillermo Gaviria Echeverri Toyo Tunnel. When finished, it will be the continent’s longest vehicular tunnel, stretching five miles between Medellín and the Urabá region. The tunnel is a central part of the “New Route to the Sea,” a 23-mile corridor that also includes bridges, viaducts, and smaller tunnels.

The project is expected to dramatically reduce travel times and boost economic activity in northwestern Colombia by improving the transport of agricultural and industrial goods to the Caribbean, while strengthening connectivity between the interior and the coast. Construction began several years ago, and in June, the Antioquia provincial government and Medellín city authorities completed the lining of the main tunnel, finishing 99% of the first section. The Toyo Tunnel is located in the mountainous department of Antioquia, whose capital, Medellín, is Colombia’s second-largest city.

The megaproject will cut nearly five hours off travel between Medellín and the future Urabá ports, a key export hub on the Caribbean. The first section has cost more than $675 million, with additional contributions from Medellín city to support regional competitiveness. The second section, linking Santa Fe de Antioquia and Giraldo, has surpassed 60% completion. This phase includes 11 more tunnels, 13 bridges, and nearly eight miles of open roadway to connect the main tunnel with the highway to Urabá. Authorities aim to finish this segment by the end of 2026, with the full route expected to open in early 2027.


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