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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CHINA CONFIRMS AGREEMENT TO PURCHASE 200 BOEING AIRCRAFT IN MAJOR AVIATION DEAL WITH U.S.(PHOTO).

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 China confirms agreement to purchase 200 Boeing aircraft in major aviation deal with U.S

China has confirmed an agreement to purchase 200 Boeing aircraft, along with engines and spare parts, in a move that signals renewed aviation trade between the world’s two largest economies.

A spokesperson for China’s Commerce Ministry said the deal was reached in line with the consensus between Chinese and U.S. leadership and is based on commercial terms and China’s aviation development needs. The official emphasized that aviation cooperation remains an important area for strengthening economic ties between the two countries.

The announcement follows comments from U.S. President Donald Trump, who said last week that China would buy 200 Boeing planes. While the order is smaller than some earlier industry expectations, it marks the first significant Chinese purchase of Boeing aircraft since 2017.

The agreement could pave the way for additional orders in the future as Chinese carriers continue to expand. Boeing, which assembles most of its commercial jets in Seattle, has faced a backlog of global demand, and industry officials in Washington state say further Chinese orders would be a natural development given current market conditions.

Officials in Washington have welcomed the deal, noting the importance of Boeing to the state’s economy and its extensive network of suppliers across aerospace and related industries.

China’s aviation regulator also recently held discussions with Boeing’s chief executive during a meeting that included members of a U.S. delegation, reflecting ongoing engagement between the company and Chinese aviation authorities.

Boeing did not immediately issue a public response to the announcement.


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