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...

NAFDAC REFUTES FALSE REPORT ON SUSPENSION OF SACHET ALCOHOL ENFORCEMENT - THE BAN REMAINS IN FORCE. (PHOTO). #PRESS RELEASE


 NAFDAC REFUTES FALSE REPORT ON SUSPENSION OF SACHET ALCOHOL ENFORCEMENT - THE BAN REMAINS IN FORCE 

The National Agency for Food and Drug Administration and Control (NAFDAC) categorically refutes a publication circulating in some media outlets alleging that the Federal Government has directed the Agency to suspend enforcement actions on sachet alcohol and alcoholic beverages packaged in PET bottles below 200ml.

 The report is false, misleading, and does not reflect any official communication from the Federal Government. NAFDAC operates strictly within its statutory mandate and in alignment with duly communicated Federal Government policies. At no time has the Agency received any directive to suspend its regulatory or enforcement activities regarding sachet alcohol and small-volume alcoholic beverages. The ban remains in force. 

NAFDAC has begun evacuating violative sachet alcohol and alcoholic drinks in PET bottles below 200ml from companies. The Agency has also observed that some manufacturers, having recognised that the objective of this policy is to protect children from easy access to alcohol, are desisting from producing these smaller pack sizes. As previously reported, about 50% of minors and underage persons patronise retailers selling alcohol in sachets and PET bottles below 20Oml.

 The Agency remains committed to safeguarding public health, ensuring regulatory compliance, and implementing government policies transparently and in accordance with due process. Any decision affecting national regulatory actions will be communicated through official government channels. The Agency also cautions against the dissemination of unverified information capable of causing misinformation, fake news, and misinterpretation of government policy. NAFDAC urges the public, industry stakeholders, and the media to rely solely on verified information published through its official platforms.

 Prof. Mojisola Adeyeye, PhD, FAS Director-General/CEO

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