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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AT LEAST NINE DEAD IN MADAGASCAR AS TROPICAL CYCLONE GEZANI LASHES INDIAN OCEAN ISLAND. (PHOTO).

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 At least nine dead in Madagascar as Tropical Cyclone Gezani lashes Indian Ocean island

  At least nine people have died in Madagascar after Tropical Cyclone Gezani struck the island, bringing winds exceeding 195 kph (121 mph), officials reported Wednesday. The country’s weather service issued red alerts for several regions, warning of potential floods and landslides as the cyclone moved across the island nation of 31 million people. The National Office for Risk and Disaster Management confirmed that at least nine deaths were caused by building collapses, and at least 19 others were injured.

Gezani made landfall in the eastern port city of Toamasina, which residents described as heavily damaged. Roofs were torn off, walls collapsed, power poles were downed, and trees were uprooted. President Michael Randrianirina, who came to power following a military coup in October, visited Toamasina to survey the destruction and meet with affected residents. By Wednesday, Gezani had weakened to a tropical storm with winds around 110 kph (68 mph) and was moving from east to west, passing about 100 kilometers (62 miles) north of the capital, Antananarivo, which remains under red alert. The cyclone comes less than two weeks after Tropical Cyclone Fytia killed 14 people in Madagascar.

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