TransparencIT
TransparencIT
@TransparencITng

Forgery

May 9, 2026

FRN vs Ufoma Joseph Immanuel & 1 other

Humans

Ufoma Joseph Immanuel
& 1 other

Money bag

$1,500,000.00

Money bag

Case Summary
The accused alongside his company, with intent to defraud, allegedly induced one Adebisi Adebut of R28 Holdings Limited to deposit the said sum as investment described as to wit: "Cash and or Capital Cost in Chappal Petroleum Development Company Limited; Business Development Cost in Intermediate Investment Holdings Limited: Capital and or Capital Call in Chappal Energies Mauritius Limited" on the understanding that R28 Holdings Limited will be; (a) reimbursed the investment amount (b) paid a Development Capital fee of $2 250,000.00. (Two Million, Two Hundred and Fifty Thousand Dollars) (c) 22.4% worth of shares in Intermediate Investment Holdings Limited which representation he (the accused) knew to be false.

Calendar

59
Day(s) since arraignment

Gavel

Case Update
In view of the defendant’s plea, the trial judge consequently adjourned the case for ruling. The court also ordered that the defendant be remanded in the custody of INTERPOL pending the conclusion of investigations, after which he would be remanded in a Correctional centre pending the hearing of his bail application.

Court house

Hon. Justice M. A. Dada
State High Court, Ikeja, Lagos

Legislation

ACJA/ACJL Compliance - not applicable

Case Information
Ufoma Joseph Immanuel & 1 other
Presiding Judge & Designated Court
Hon. Justice M. A. Dada, State High Court, Ikeja, Lagos
Nature and Number of Charges
2-count charge bordering on obtaining by false pretence and forgery.
Date of 1st Arraignment
Mar 11, 2026
Summary of Case
The accused alongside his company, with intent to defraud, allegedly induced one Adebisi Adebut of R28 Holdings Limited to deposit the said sum as investment described as to wit: "Cash and or Capital Cost in Chappal Petroleum Development Company Limited; Business Development Cost in Intermediate Investment Holdings Limited: Capital and or Capital Call in Chappal Energies Mauritius Limited" on the understanding that R28 Holdings Limited will be; (a) reimbursed the investment amount (b) paid a Development Capital fee of $2 250,000.00. (Two Million, Two Hundred and Fifty Thousand Dollars) (c) 22.4% worth of shares in Intermediate Investment Holdings Limited which representation he (the accused) knew to be false.
Defendant(s) and Plea entered on Arraignment
1. Ufoma Joseph Immanuel (Owner of Intermediate Investment Holdings Ltd.) – Not guilty
2. Intermediate Investment Holdings Ltd. (Company) – Not guilty
Defence Counsel(s)
1. Oluseun Awonuga, SAN (Lawyer)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. Babatunde Sonoiki (Lawyer)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
59 day(s)
Case Update
In view of the defendant’s plea, the trial judge consequently adjourned the case for ruling. The court also ordered that the defendant be remanded in the custody of INTERPOL pending the conclusion of investigations, after which he would be remanded in a Correctional centre pending the hearing of his bail application.
ACJA/ACJL Compliance
Not Applicable