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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POLICE ARREST SUSPECT OF IED EXPLOSION IN YENAGOA. (PHOTO).

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 POLICE ARREST SUSPECT OF IED EXPLOSION IN YENAGOA


The Bayelsa State Police Command says it has arrested one man suspected of triggering IED, Wednesday, within the State Secretariat Complex, Yenagoa.


This follows a swift response as the Commissioner of Police, Bayelsa State Command Iyamah Daniel Edebor who immediately led the Explosive Ordinance Disposal (EOD) Unit, Special Drone Unit and other Tactical Teams to the scene where the incident occurred.


On arrival the operatives of the Explosive Ordinance Unit swiftly contained the explosion and immediately cordoned off and upon detailed search one unexploded IED was indentified rendered safe. No live lost, no property destroyed. But one Pentecost Elijah 60 years from Southern Ijaw LGA, Bayelsa State, was arrested at the scene in connection with the incident. Police say the suspect is currently under going interrogation at the State Criminal Investigation Department that upon conclusion  he will be charged to court.


For now, the Police command public Relations officer Musa Mohammed in this statement says The situation is under control and normalcy has been  restored. Members of the public are advised to remain calm and continue with their lawful business activities.

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