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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FG COMMENDS LAKE CHAD BASIN COMMISSION FOR STRENGTHENING REGIONAL COOPERATION - UTSEV. (PHOTO).

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 FG COMMENDS LAKE CHAD BASIN COMMISSION FOR STRENGTHENING REGIONAL COOPERATION - UTSEV 


The Federal Government has acknowledged the contributions of the Lake Chad Basin Commission in promoting regional cooperation and sustainable management of shared water resources across member countries.


Minister of Water Resources and Sanitation, Joseph Terlumun Utsev, made the remarks during the 71st Ordinary Session of the Council of Ministers of the Commission held in N'Djamena, Chad.


Utsev, who spoke on behalf of the Nigerian delegation that included the Minister of State for Foreign Affairs, Bianca Ojukwu, said the Commission had over the years remained a vital platform for environmental restoration, socio-economic development, and the promotion of peace and stability in the Lake Chad region.


He expressed appreciation to member states for supporting Nigeria’s nominee, Ibrahim Babani, who was accepted to serve as the next Executive Secretary of the Commission.


According to the minister, the endorsement reflects the long-standing trust and cooperation among member countries and reaffirms their collective commitment to the shared vision of the organisation.


Utsev assured the council that Babani would serve with dedication and professionalism in advancing the Commission’s mandate.


The minister also commended the outgoing Executive Secretary, Mamman Nuhu, for what he described as exemplary leadership, noting that his tenure strengthened regional cooperation and helped mobilise international support for the recovery and sustainable development of the Lake Chad Basin.


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