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...

FG, HAS FORMALLY FLAGGED OFF A NATIONWIDE PUBLIC ENLIGHTENMENT CAMPAIGN ON THE BAN OF ALCOHOL DRINKS PACKAGED IN SACHETS, SMALL PET AND GLASS BOTTLES BELOW 200 MILLILITRES. (PHOTO).


The Federal Government today Tuesday, has formally flagged off a nationwide  public enlightenment campaign on the ban of alcohol drinks packaged in sachets, small PET and glass bottles below 200 millilitres.


There was a  joint press conference held in Abuja which was organised by the National Orientation Agency in collaboration with the National Agency for Food and Drug Administration and Control, and the Federal Competition and Consumer Protection Commission.


Speaking at the briefing, NAFDAC Director-General, Professor Mojisola Adeyeye, said that the enforcement follows years of consultations, extensions, and alarming survey findings on alcohol consumption among minors.


Adeyeye highlighted that discussions around regulating high concentration alcohol in sachets were  dated back to 2018, when industry groups raised concerns about the impact on their businesses.


According to Adeyeye, the former Minister of Health, Prof Isaac Adewole, granted the trade groups a five-year moratorium to restructure their operations, which elapsed in February 2024, prompting NAFDAC to begin enforcement in line with its statutory mandate.


Stating that further delays followed until December 2024, when the Minister of Health, Prof. Muhammad Pate, granted an additional one-year extension. That Senate later directed the agency to resume strict enforcement.

Central to the renewed enforcement, Adeyeye said, were findings from national surveys assessing the impact of sachet alcohol on underage Nigerians.


The Director General added that children as young as nine years old were found to consume alcohol in the survey, with binge drinking notably reported in some states.Noting  the health implications, she said underage drinking poses grave risks.


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