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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FIRE DISASTER: VP KASHIM SHETTIMA LEADS FG DELEGATION TO KANO. (PHOTO). #PRESS RELEASE

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 STATEHOUSE PRESS RELEASE


Fire Disaster: VP Kashim Shettima Leads FG Delegation to Kano


President Bola Ahmed Tinubu has asked Vice President Kashim Shettima to lead a high-powered Federal Government delegation to Kano to express sympathy and support for victims of the Singer Market fire disaster.


The delegation, scheduled to depart Abuja tomorrow, will convey President Tinubu’s condolences to the traders who lost billions of Naira in the weekend fire that engulfed the market, marking the second incident in just two weeks.


The delegation will also pledge, on behalf of the government, financial assistance to aid the victims and support Kano State in facilitating the quick reopening of the market.


Members of the delegation include the Speaker of the House of Representatives, Tajudeen Abbas; Deputy Senate President, Senator Barau Jibrin; Senator Kawu Ismaila; and Rep. Abubakar Kabir Bichi, Chairman of the House of Representatives Appropriation Committee.


The Minister of Humanitarian Affairs, Dr Bernard M. Doro and Mrs Zubaida Umar, the Director-General of the National Emergency Management Agency (NEMA), are also part of the team.


President Tinubu, who earlier spoke by telephone with Governor Abba Kabir Yusuf, expressed his condolences to the traders and the people of Kano State over the devastating fire outbreak.


The fire, which started on Saturday evening and continued into Sunday morning, caused extensive damage to Nigeria’s largest food market.


The President was particularly alarmed that the latest incident occurred less than two weeks after a previous fire destroyed dozens of shops and property at the same market.


He has directed a comprehensive investigation into the causes of the recurrent market fires, which continue to leave traders in despair.


Bayo Onanuga

Special Adviser to the President

(Information and Strategy)


February 15, 2026

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