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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RUSSIA MOVES TO RE-OPEN MULTIPLE EMBASSIES ACROSS AFRICA IN STRATEGIC DIPLOMATIC PUSH. (PHOTO).

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 Russia Moves to Re-Open Multiple Embassies Across Africa in Strategic Diplomatic Push


Russia has announced plans to re-open approximately ten embassies across African countries, signalling a renewed diplomatic expansion on the continent at a time of intensifying global geopolitical competition.


Russian Foreign Minister Sergei Lavrov said Moscow intends to restore diplomatic missions that were previously closed, with personnel expected to be redeployed from scaled-down operations in Europe.


 The move is widely viewed as part of Russia’s broader strategy to strengthen political, economic and security ties with African nations.


Over the past three years, Russia has increased engagement with several African governments through security cooperation agreements, energy partnerships, grain diplomacy and high-level summits.


 The decision to expand its diplomatic footprint now underscores the continent’s growing strategic importance in global power alignments.


Analysts say the development reflects a shifting international order in which African states are increasingly central to discussions around trade, security, energy and multilateral reform. It also comes amid continued Western diplomatic efforts to maintain influence across the region.


For African governments, the expansion presents both opportunity and complexity , offering alternative partnerships while requiring careful navigation of global rivalries.


More details, including which specific countries will host the reopened embassies, are expected in the coming weeks.

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