EFCC ARRAIGNS ONE FOR N700M FRAUD IN LAGOS . (PHOTO).#PRESS RELEASE

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 EFCC Arraigns One for  N700m Fraud in Lagos  The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Friday, September 4, 2026, arraigned Osaretin Osagiede before Justice Olukayode Ogunjobi of the Lagos State High Court sitting in Ikeja,  over an alleged N700 million fraud. Osagiede is standing trial on a three-count charge bordering on unauthorised access to computer material and receiving stolen property to the tune of N700 million.  Count one reads: “That you Osaretin Osagiede and Zacharia Lorshe (at large), between March, 2025 and January 2026, in Lagos, within the jurisdiction of this Honourable Court, intentionally caused the Ravenpay user accounts' two-factor authentication (2FA) method to be bypassed, with the intent to secure unauthorised access to the bank's data and committed an offence contrary to Section 387 of the Criminal Law of Lagos State 2011. Another counts reads: “That you Osaretin Osagiede and Zacharia Lorshe...
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AFRICAN UNION WELCOMES DRC CEASEFIRE MECHANISM. (PHOTO).

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 African Union welcomes DRC ceasefire mechanism


The African Union (AU) Commission welcomed the signing of terms of reference for a ceasefire mechanism between the government of the Democratic Republic of Congo and M23.


The AU said in a statement on that the agreement marks an important step toward reducing fighting in the country’s troubled east.


The Democratic Republic of Congo and the M23 group signed the agreement on February 2 in Doha on the terms of reference for monitoring their ceasefire following talks in Doha, the Qatari Foreign Ministry said at the time.


Qatar added that the discussions took place within the framework of the Ceasefire Oversight and Verification Mechanism.


Commitment to ceasefire


"The two parties also renewed their commitment to the ceasefire and the Doha Framework Agreement for Peace signed between them on November 15, 2025, and affirmed their determination to implement all obligations stipulated therein in good faith, in support of the peaceful process," the ministry stated, AA reported.


AU Commission Chairperson Mahmoud Ali Youssouf noted the deal represents a “significant confidence-building measure” and a positive development toward de-escalating hostilities and restoring peace and security in eastern DRC.


The AU-led mediation process was headed by Togolese President Faure Essozimna Gnassingbe, who was the African Union’s designated lead mediator for eastern DRC. Qatar and the US were also commended for supporting the peace efforts.


The talks were also attended by representatives of the US and the African Union (AU) as observers, with Togo participating in its capacity as the AU-appointed mediator.


Monitoring and verification


Peacekeepers from the UN Stabilization Mission in the Democratic Republic of the Congo, or MONUSCO, and officials from the International Conference on the Great Lakes Region also took part, providing technical expertise on ceasefire monitoring and verification.


The AU commission stressed that establishing a clear and mutually agreed ceasefire mechanism is essential to ensure compliance, build trust between the parties and protect civilians, urging both sides to fully implement the agreed terms.


Eastern Congo has faced years of armed conflict involving government forces and multiple rebel groups, including the M23.

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