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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LASISMA SERVES NOTICES, MARKS BUILDINGS UNDER TENSION RIGHT-OF-WAY IN ALAGBADO/OKE-ODO.(PHOTOS). #PRESS RELEASE.

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 LASISMA SERVES NOTICES, MARKS BUILDINGS UNDER TENSION RIGHT-OF-WAY IN ALAGBADO/OKE-ODO


 The Lagos State Informal Space Management Authority (LASISMA) Officials, last week Tuesday, on the directives of the Honourable Commissioner for Physical Planning and Urban Development, Dr. Olumide Oluyinka, staged a strategic enforcement and sensitisation exercise at Alagbado/Oke-Odo axis of Lagos State to address physical planning infractions along the AIT road corridor.


 


Representing the General Manager, TPL Daisi Oso, TPL Emmanuel Seyi Ogunyemi and his team served contravention notices on occupants within the corridor and marked buildings encroaching on the high-tension right-of-way.


 


During the exercise, affected property owners were directed to recess their buildings away from the high-tension corridor right of way, in line with safety and planning regulations. The team emphasised that the action was necessary to safeguard lives and property, reduce environmental hazards and ensure strict compliance with the Lagos State Urban and Regional Planning and Development Law 2019 as amended.


 


Speaking during the visit, TPL Ogunyemi reiterated the Agency’s commitment to proactive monitoring and enforcement, noting that structures built under or too close to high tension lines pose serious safety risks to residents and the wider community.


 


The LASISMA enforcement team, working together with Agbado/Oke-Odo Local Council Development Area (LCDA), later had a fruitful discussion with the Chairman of the LCDA, Hon. Abiodun Jimoh Ejigbadero on the need to strengthen the collaboration on improving land use compliance and promoting sustainable development within the council area.


 


Responding, Hon. Ejigbadero expressed his administration’s readiness to work closely with LASISMA and other relevant agencies to ensure orderly development and Urban aesthetics across the LCDA.


 


The exercise forms part of LASISMA’s ongoing efforts to enforce planning standards in all informal urban and incidental open spaces to promote a safer and more organised Lagos.


One more photo below. 


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