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...

MYSTERY FIRE RAZES HOUSE, DESTROYS N2M YAM BARNS IN EBONYI COMMUNITY. (PHOTOS).


 MYSTERY FIRE RAZES HOUSE, DESTROYS N2M YAM BARNS IN EBONYI COMMUNITY 


There was palpable grief in Omege Noyo Alike community, Ikwo Local Government Area of Ebonyi State, as a strange fire outbreak razed a residential building and destroyed yam barns and other valuables estimated at over N2 million.


The victims, Mr. Michael Mbam and Mr. Jonathan Mbam, said the incident occurred while they were away from home. According to them, neighbours alerted them after noticing thick smoke rising from their compound.

By the time they arrived, the inferno had already consumed their yam barns and other goods, leaving them devastated.


The brothers explained that the yam barns, valued at over N2 million each, represented their major source of livelihood. They described the incident as a heavy setback capable of plunging their families into hardship.

They appealed to the Ebonyi State Government and public-spirited individuals for assistance, calling particularly on Governor Francis Ogbonna Nwifuru to come to their aid.


A neighbour, Mr. Boniface Nome, who confirmed the incident, described it as unfortunate and painful. He urged stakeholders in Ikwo and relevant authorities to rally support for the affected families to enable them recover from the loss.


Other sympathisers who gathered at the scene expressed gratitude that no life was lost in the fire but joined in the appeal for assistance to cushion the impact of the disaster.


As at the time of filing this report, the cause of the fire could not be ascertained. There was also no official statement from relevant authorities regarding the source of the outbreak.


The incident has sparked concern among residents, who are calling for improved fire safety awareness in the area to prevent future occurrences.

More photos below. 


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