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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TRADERS WILL NOT REMODEL THEIR SHOPS AT ARIARIA, GOVR. OTTI, ASSURES NO TRADER WOULD LOSE HIS SHOP. (PHOTO).

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 TRADERS WILL NOT REMODEL THEIR SHOPS AT ARIARIA, GOVR. OTTI, ASSURES NO TRADER WOULD LOSE HIS SHOP


Abia State Governor, Dr Alex Otti, has reiterated that no existing shop owner will lose his shop in the ongoing remodelling projects in Ariaria International Market and Ekeoha Market in Aba . 


Governor Otti stated this on Thursday, at the Michael Okpara Auditorium, while receiving a delegation of the National Executive Council of the National Association of Nigerian Traders.


The Governor  said that, the original shop owners would be given the first right of refusal, before deciding otherwise, informing the delegation that, he has handed down instructions to that effect.


He also assured that the number of shops being built are enough to accommodate both the existing owners and the prospective ones. 


Gov. Otti noted that he understands the economic circumstances in the entire country, hence, he made arrangements with some banks to enable them to finance those who lack the liquidity to pay for their remodelled shop(s).


The Governor emphasised that he is not going to authorise the traders to develop the shops by themselves because, he cannot guarantee the standard they will build it, saying that his government does not compromise quality.


He directed the Commissioner for Trade and Commerce's, DG PPP and DG GADA to ensure that what the government is doing in the remodelling project is communicated properly to the traders. 


Earlier in his speech, the National President, National Association of Nigerian Traders, Dr Ken Ukoha, who led the Chairmen of Ariaria International Market and his Ekeoha Market counterpart, as well as other members of his organisation from across the country, appreciated the achievements of Governor Otti on many areas of the economy, especially, the markets.


In line with the contributions of the Chairmen of the 2 major markets undergoing remodelling, Dr Ukoha requested the Governor to allow the traders participate in the remodelling and developing the markets so that they would not lose their shops.

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