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...

ECOWAS TO ESTABLISH ANTI-TERRORISM FORCE WITH AN INITIAL CONTINGENT OF 2,000 TROOPS. (PHOTO).


 ECOWAS to establish anti-terrorism force with an initial contingent of 2,000 troops


West African states decided over the weekend to create a new 2,000-strong force to combat terrorism in the region, diplomatic and military sources told AFP on Tuesday.


The idea of an anti-terrorism force has been discussed for years by the 12 countries of the Economic Community of West African States (ECOWAS).


The Sahel, which cuts across Africa separating the continent's north from its sub-Saharan part, has for years been plagued by terrorism, led by groups linked to Al Qaeda and other terrorist organisations.


The groups have been particularly active in Burkina Faso, Mali and Niger, which quit the ECOWAS group in recent years, saying the bloc had ceased serving their interests.


Initial contingent of 2,000 soldiers


The three countries will not take part in the new force, officials said.


Following a meeting of ECOWAS military chiefs in Freetown on February 28 and March 1, details of the new force to "combat terrorism" were decided, a senior Nigerian military official told AFP.


Several participating countries announced the number of soldiers they would contribute, he said.


The initial goal is to have around 2,000 troops ready to fight "terrorism and insecurity" across West Africa, he added.


'Worrying picture'


During the discussions, military chiefs "painted a worrying picture of the regional security landscape", a source close to the meeting said.


"The discussions focused on the rise of the terrorist threat, the expansion of transnational organised crime, and the persistent challenges related to maritime insecurity," the source said.


The troops of the new force will remain stationed in their countries of origin, with Sierra Leone serving as a logistical base for the group, according to an official Sierra Leonean source.


Officials are still thrashing out the details of how to finance the force, a source close to the talks told AFP.


ECOWAS encourages Alliance of Sahel States to cooperate on security


ECOWAS has not yet issued an official statement.


A West African chief of staff told AFP that although Burkina Faso, Mali and Niger have formed their own alliance, they will be encouraged to cooperate with the ECOWAS force.


The three countries "are in a part of the Sahel that is the epicentre of the fight against the terrorists. They must be included," he said.

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