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 INVESTMENT HOLDINGS LIMITED between April 2022 and October 2023 in Lagos,  within the jurisdiction of this Honourable Court, with intent to defraud, induced Adebisi Adebut of R28 Holdings Limited to deposit the total sum of S1, 500, 000.00 (One Million, five Hundred Thousand United States Dollars USD) 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 you knew to be false.”

Count two reads: “UFOMA JOSEPH IMMANUEL, sometime between April 2022 and April 2025 in Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, forged a document to wit: TERM SHEET and purporting same to have been executed by Sherrif Oluwo and Olaniran Osotuyi in order to facilitate your obtaining money by inducement from Adebisi Adebutu of R28 Holdings Limited.”

The defendant pleaded “not guilty” to the charge preferred against him.

Following the defendant’s “not guilty” plea, the prosecution counsel, Babatunde Sonoiki, asked the court to fix a date for the commencement of trial and also prayed the court to remand the defendant  in the custody of the International Criminal Police Organization, INTERPOL, pending the conclusion of  its investigation.

Sonoiki also narrated how the defence counsel,  Oluseun Awonuga, SAN, had physically assaulted his colleague, Emenike Mgbemele, at the sitting on March 2, 2026.

According to him, “My lord, the learned silk, physically assaulted my colleague on the staircase on his way to serve the defendant the charge as directed by the court.

“There is a video to that effect and we intend to tender it before the court.”

Though Awonuga did not respond to the allegation made against him by the prosecution counsel, he informed the court of a preliminary objection and a written address dated January 5, 2026, while urging the court to discountenance the counter-affidavit of the prosecution.

The prosecution, in a 21-paragraph counter-affidavit dated February 9, 2026, had urged the court to dismiss the notice of preliminary objections.

According to Awonuga, the Federal High Court, in a ruling, had ordered the  EFCC not to arrest the defendant.

“EFCC has flouted the order by arresting the defendant and I hereby urge your lordship to discountenance their counter- affidavit,” he said.

Responding, the prosecution counsel, Babatunde Sonoiki, said that the ruling was part of the motion that  had earlier been withdrawn by the defence and should not be before the court.

“ There is nowhere in the ruling that says the defendants cannot be arraigned in a court of competent jurisdiction.

“My lord, the ruling was delivered in a civil case; and according to the Supreme Court, a criminal case and civil case can go on at the same time.

“We urge the court to dismiss the application and order accelerated hearing in this case,” Sonoiki had said.

After listening to both parties, Justice Dada had, consequently, adjourned the case till May 7, 2026 ( today) for ruling.

Ruling on the application , Justice Dada held that: “The preliminary objection is baseless and the entire application is lacking in merit; and it is hereby dismissed.”

Also, Justice Dada, in her ruling on the bail application of the defendant, held that “On the basis of considering the antecedent of the defendant for not honouring the invitation of the applicant after he was granted administrative bail, I agree with the complainant that he is a flight risk; therefore, bail is refused.”

Justice Dada adjourned the case till June 24, 26, 29 and 30, 2026 for the commencement of trial.

By Solanke Ayomideji Taiwo

ABEOKUTA — A frontline aspirant for the Ogun Central Senatorial seat under the platform of the All Progressives Congress (APC), Emmanuel Adebola Sofela, popularly known as Shoffi, has dismissed widespread speculations that he has withdrawn from the race in favour of another aspirant .

Sofela described the reports making rounds in some political circles as “false, misleading and the handiwork of political detractors,” insisting that he remains fully committed to his ambition of representing Ogun Central Senatorial District at the National Assembly.

In a statement made available to journalists on Friday, the APC stalwart urged his supporters, political associates and loyalists across the six local government areas that make up Ogun Central to disregard the rumours and remain resolute in their support for his aspiration.
According to him, there has never been any agreement or arrangement for him to step down for any aspirant to emerge as a consensus candidate of the party.

“I want to categorically state that I have not stepped down for anyone in the Ogun Central Senatorial race. The rumours flying around are entirely false and should be ignored by all my supporters and members of the public,” he said.

Sofela expressed confidence in his chances of securing the APC ticket, stressing that his popularity, political experience and grassroots connection across the district place him in a strong position ahead of the party primaries.

The senatorial hopeful reiterated his determination to provide quality representation for the people of Abeokuta South, Abeokuta North, Odeda, Obafemi-Owode, Ifo and Ewekoro local government areas if elected into the Senate in 2027.

He noted that his aspiration is driven by a genuine desire to contribute meaningfully to the development of Ogun Central through effective legislation, empowerment programmes and people-oriented policies.

“My ambition is rooted in service to the people. I remain committed to the vision of giving Ogun Central a strong voice in the Senate and facilitating developmental initiatives that will positively impact our people,” Sofela added.

The APC chieftain further appealed to party members to remain united and avoid distractions capable of causing division within the party structure ahead of future political activities.

Political observers in the state believe the race for Ogun Central Senatorial seat is gradually gathering momentum as aspirants continue consultations and grassroots mobilization across the district ahead of the 2027 election cycle.

By Solanke Ayomideji Taiwo

As political activities gradually gather momentum ahead of the next electoral cycle in Ogun State, conversations across the six local government areas that make up the Ogun Central Senatorial District are increasingly revolving around one name — Emmanuel Adebola Sofela.

From Abeokuta South to Abeokuta North, Odeda, Obafemi-Owode, Ifo and Ewekoro, party leaders, stakeholders and grassroots mobilisers within the All Progressives Congress have continued to speak glowingly about the philanthropist and political figure whose growing popularity is being linked to years of humanitarian service, youth empowerment and unwavering accessibility to ordinary citizens.

During a recent round of consultations and visits to leaders of the APC across the district, testimonies about Sofela’s contributions to humanity dominated discussions, as party faithful described him as “a bridge builder,” “a dependable grassroots politician,” and “the transformation agent Ogun Central desperately needs.”

According to several party elders and community leaders, Sofela’s antecedents in empowering youths and supporting less privileged individuals have set him apart from others jostling for the senatorial ticket under the APC platform.

Many of the leaders recalled numerous instances where students from financially disadvantaged homes benefited from educational grants and scholarship support facilitated by Sofela, while unemployed youths across communities were assisted with vocational opportunities and startup support to improve their livelihoods.

A party leader in Abeokuta North, who spoke during the consultation meeting, noted that Sofela’s style of politics differs significantly from what many residents have become accustomed to over the years.

“Politics should be about service, accessibility and genuine concern for the people. Emmanuel Adebola Sofela has consistently demonstrated these qualities long before seeking public office. He is always reachable and willing to help,” the leader stated.

Similar sentiments echoed across Odeda and Obafemi-Owode, where stakeholders praised his commitment to grassroots development and his consistent engagement with party members at all levels.

In Ifo and Ewekoro, community representatives described him as a leader with intellectual depth, administrative capacity and a clear understanding of the developmental needs of Ogun Central.

One of the speakers at the gathering remarked that Sofela possesses “an intellectual confidence beyond comprehension,” adding that his ability to engage on issues of governance, empowerment and policy distinguishes him from many contemporary politicians.

Observers within the APC believe that Sofela’s growing acceptance among party leaders and ordinary residents is largely connected to his long-standing relationship with the grassroots and his reputation for extending financial support to widows, artisans, market women and struggling families within and outside Ogun State.

Political analysts also argue that his emergence could reshape representation within Ogun Central, especially at a time when many constituents are demanding more responsive and people-oriented leadership.

For many party loyalists, the recurring theme during the consultations was clear: the desire for a representative who understands the pains of the people and possesses both the compassion and competence to drive meaningful change.

As internal consultations continue within the APC ahead of future political contests, supporters of Emmanuel Adebola Sofela insist that his track record of empowerment, accessibility and community engagement positions him as a strong contender capable of redefining representation in Ogun Central Senatorial District.

He is working hard to ensure the growing endorsements from party leaders across the district eventually translate into political victory in emerging as the APC candidate for ogun central senatorial district .one things that is increasingly evident — Emmanuel Adebola Sofela has become a prominent voice in the evolving political conversation shaping the future of Ogun Central.