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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FG SCHOLARS ABROAD PROTEST UNPAID STIPENDS. (PHOTO).

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 FG scholars abroad protest unpaid stipends


Nigerian students on the Bilateral Education Agreement (BEA) scholarships will protest in Abuja over 11 months of unpaid allowances, leaving many struggling abroad. Parents warned of severe financial and emotional strain.


The government cut 2024 stipends by 56% and owes arrears for late 2023. Education Minister Tunji Alausa confirmed the BEA programme’s cancellation, saying current scholars will finish their studies but no new students will be admitted, with funds redirected to domestic scholarships.

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