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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MADAGASCAR'S PRESIDENT RANDRIANIRINA DISMISSES PRIME MINISTER, ENTIRE CABINET. (PHOTO).

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 Madagascar's President Randrianirina dismisses prime minister, entire cabinet


Madagascar's President Michael Randrianirina, who came to power following mass protests in October 2025, has dismissed his prime minister and the entire cabinet on Monday, his spokesperson said in a statement, Reuters reported.


Randrianirina seized control of the Indian Ocean island nation in the wake of protests that forced out his predecessor, Andry Rajoelina.


"The President will shortly proceed with the appointment of a new prime minister, following the procedures set out by the constitution," Harry Laurent Rahajason, director of communication of the Presidency, said in the statement, without giving reasons for the presidential action.

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