Alleged $1.5m Fraud: Court Dismisses Preliminary Objections, Bail Application of IntermediateInvestment Holdings Boss, Ufoma Immanuel in Lagos

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Thursday, May 7, 2026, dismissed the preliminary objections and bail application filed by the boss of Intermediate Investment Holdings Limited, Ufoma Joseph Immanuel, over an alleged $1.5 million fraud. The Economic and Financial Crimes Commission, EFCC, on Wednesday, March 11, 2026, arraigned Immanuel, alongside his company, Intermediate Investment Holdings Ltd., on a two-count charge bordering on obtaining by false pretence and forgery to the tune of $1.5m. Count one reads: “UFOMA JOSEPH IMMANUEL and INTERMEDIATE…

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Source	EFCC
Collection	Anti-corruption and elections
Kind	Document
Publisher	Economic and Financial Crimes Commission (EFCC)
Date	2026-05-08
Type	press-release
Found at	https://www.efcc.gov.ng/news/alleged-15m-fraud-court-dismisses-preliminary-objections-bail-application-of-intermediateinvestment-
Archived copy	Look it up in the Wayback Machine
Record ID	`efcc:news:14039`

Cite this record

Alleged $1.5m Fraud: Court Dismisses Preliminary Objections, Bail Application of IntermediateInvestment Holdings Boss, Ufoma Immanuel in Lagos. EFCC, 2026. Vero Archive, record efcc:news:14039.