TÜRKIYE IS PLANNING TO ESTABLISH LOCAL DEFENCE PRODUCTION FACILITIES AND MILITARY TRAINING CENTRES IN NIGERIA AS PART OF EFFORTS TO STRENGTHEN SECURITY COOPERATION AND INCREASE BILATERAL TRADE TO $5 BILLION.(PHOTO).

-
Image
 Türkiye is planning to establish local defence production facilities and military training centres in Nigeria as part of efforts to strengthen security cooperation and increase bilateral trade to $5 billion. Turkish Ambassador to Nigeria, Mehmet Poroy, disclosed this on Monday in Abuja, saying the proposed facilities would enable Türkiye to support local military equipment production rather than simply supplying weapons and equipment. He also revealed that 200 Nigerian special forces personnel were undergoing a two-month training programme in Türkiye, with plans underway to establish a similar facility in Nigeria. “We are planning to have some local production unit also in that context, not only selling to Nigeria the tools, equipment, the arms that it needs, but also the possibility of having local production here in Nigeria,” Poroy said. On trade, the ambassador said bilateral trade currently stood at approximately $2 billion, including oil and gas, but both countries were targe...
Post a Comment

ALLEGED $1.5M INVESTMENT FRAUD: COURT REMANDS IFOMA EMMANUEL IN KIRIKIRI CORRECTIONAL CENTRE. (PHOTO). #PRESS RELEASE

-


 Alleged $1.5m Investment Fraud: Court Remands Ifoma Emmanuel in Kirikiri Correctional Centre


Justice Mojisola Dada of the Lagos State Special Offences Court sitting in Ikeja, on Tuesday, July 7, 2026, ordered the remand of Ifoma Immanuel, Executive Director of Intermediate Investment Holdings Limited, in Kirikiri Correctional Centre  for an alleged $1.5 million investment fraud.


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 Energies Mauritius Limited.


The Commission further alleged that the investment was backed by assurances that the funds would be reimbursed, alongside the payment of a $2.25 million development capital fee and the allocation of a 22.4 per cent equity stake in Intermediate Investment Holdings Limited.


The defendant and the company were subsequently arraigned on March 11, 2026, and they pleaded not guilty to the charges.


At Tuesday's proceedings, the fourth prosecution witness (PW4), Sheriff Oluwo, while continuing his testimony and led in evidence by prosecution counsel, Iheanacho Ekele, SAN, and Babatunde Sonoiki, told the court that Immanuel approached him in 2022 to help source investors for an International Oil Companies (IOCs) divestment opportunity.


He said he subsequently introduced the defendant to Adebutu after contacting him about the investment opportunity.


The witness testified that Immanuel, during a meeting at Adebutu's residence, presented the investment proposal and requested $1.5 million as a loan.


According to Oluwo, Adebutu rejected the proposal as a loan, insisting that he needed an equity stake to protect his investment in the event that the transaction failed.


Oluwo said the parties subsequently negotiated the shareholding structure, under which Intermediate Investment Holdings Limited and Immanuel would hold about 58 per cent equity, R28 Holdings Limited would hold approximately 22.41 per cent, while he and Chikezie Evuluchukwu would each receive 9.49 per cent.


He further testified that, following the agreement, a term sheet was prepared by legal practitioner Olaniyi Osoniyi.


He, however, stated that despite receiving the investment funds, the defendant failed to comply with the terms of the agreement.


"The defendant did not fulfil his obligations under the agreement and has not refunded the $1.5 million paid by R28 Holdings Limited to this day," he said.


The court also declined the defendant's bail application after a medical report from the Lagos State University Teaching Hospital (LASUTH) was presented, citing discrepancies observed in the report.


Justice Dada adjourned the matter until November 16, 18 and 19, 2026, for the continuation of trial.


The judge also ordered that the defendant be remanded at the Kirikiri Correctional Centre, Lagos.

Comments

Post a Comment

Popular posts from this blog

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.

-
Image
                           According to the Araba of Osogboland Chief Yemi Elebuibon,debunk the rumors that the new Ooni will eat the heart of the late Ooni of Ife as custom demands,so he cleared the air when he recently said that ''The heart of the late king would not be fed to the next Ooni.The eating of the heart of a departed King by an incoming one belonged to the past.It no longer exists.People still make this insinuation because many are barred from witnessing the burial of a king.What the incoming king will eat is the heart of an animal and not that of a human.Nobody will be buried with the Ooni.Nobody would be killed for any form o sacrifice''.Thank God he clarified the part that no one will be buried with the Ooni,because the rumors going round is that the Sarun,otherwise known as Abobakun,is on the run,to escape being buried with the late Ooni of Ife.Lowa Adimula of Ife,Oba Joseph Ijaodola,who is the Head o...
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more