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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DSS ARRESTS 1 NOTORIOUS ESN COMMANDER, 1 SUSPECTED IPOB MEMBER. (PHOTO).

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 DSS AREESTS 1 NOTORIOUS ESN COMMANDER, 1 SUSPECTED IPOB MEMBER 


Operatives of the Department of State Services (DSS) on Friday 6,  at Eha-Amufu and Umuhu in Isi-Uzo Local Government Area, Enugu State, arrested a suspected notorious Eastern Security Network (ESN) commander, Sabastine Odo Odam, and Ejike Daniel, a suspected member of the Indigenous People of Biafra (IPOB).


Security sources revealed that the arrest followed months of sustained intelligence gathering on activities of the suspects. The arrests came on the heels of series of violent attacks on police stations and killings between  2024 and  2026, all in Isi-Uzo LGA.


"Both men have confessed to being masterminds of a chain of attacks on police stations and carting away of weapons.  The attacks include the February 26 killing of 11 labourers, and that of five policeman between December 24, 2025 and January 26, 2026. 


"The arrests represent a major success for the DSS in the fight against insecurity in the southeast and country at large," remarked the source. 


Residents of Isi-Uzo LGA expressed excitement as news of the arrests filtered in. Many noted that the arrests will restore some peace to the affected communities.


Both suspects are currently in the custody of the DSS and awaiting arraignment in court, the source added.

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