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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TONYE COLE WITHDRAWS FROM RIVERS APC GUBERNATORIAL PRIMARIES, CITES PARTY UNITY. (PHOTO).

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 Tonye Cole Withdraws from Rivers APC Gubernatorial Primaries, Cites Party Unity


Tonye P. Cole has announced his withdrawal from the Rivers State All Progressives Congress (APC) gubernatorial primaries scheduled for tomorrow.


In a statement released on Wednesday evening, Cole said the decision was taken in the overriding interest of peace, reconciliation, and the supremacy of the party following extensive consultations.

“I have taken the decision, in the overriding interest of party unity, peace, and collective progress, to respect the supremacy of the party and withdraw from the forthcoming primaries,” Cole stated.


Cole, who described himself as a committed democrat and advocate for strong institutions, pledged his full support and cooperation to whoever emerges as the party’s candidate at the end of the primaries.


“This decision was not made lightly. It is the product of deep reflection, patriotism, and an unwavering commitment to the stability, growth, and success of our great party and our beloved state,” he added.


The aspirant expressed profound gratitude to his teeming supporters, including party faithful, women groups, youths, elders, and well-meaning Rivers people who stood by him throughout the process.


He urged all his supporters to remain calm and peaceful, and to fully cooperate with the leadership of the party.


“Let us unite and work together to secure victory for our President, our party, and all APC candidates in the 2027 General Elections,” Cole said.

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