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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IMO LGA VICE CHAIRMAN SUSPENDED OVER ALLEGED ARMED ROBBERY, OTHERS. (PHOTO).

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Imo LGA vice chairman suspended over alleged armed robbery, others


The Vice Chairman of Ezinihitte Mbaise Local Council, Imo State, Prince Mathew Igbokwe has been suspended indefinitely by the Council’s Legislative Assembly following his alleged involvement in armed robbery and other administrative misconducts.


In a press statement signed by the Legislative members of the council under the leadership of Benson Mgbechi, the decision to suspend the Council’s Vice Chairman, was taken during a plenary session, where a seven-day ultimatum was given to the Vice Chairman to appear before it.


The motion for the Vice Chairman’s suspension was moved by the Chief Whip, Ajaa Echezolachi and seconded by the Deputy leader, Steven Echeta and adopted by the members present during the plenary.


The press statement revealed that the suspension of Igbokwe followed a series of serious allegations of misconduct which include consistent absence from official duties and traveling outside the state without obtaining the necessary permission from the Council.


“Such actions are considered a dereliction of duty and a breach of official protocols expected of a high-ranking public servant.

The most damaging of the accusations, is that Igbokwe is alleged to be involved in armed robbery and other unspecified crimes. This serious claim is reportedly substantiated by his arrest and detention by the Lagos State Police Command, providing a critical piece of evidence cited by the Assembly.


” Igbokwe’s alleged odious activities have brought immense shame and ridicule upon the Government of Imo State, the Executive Chairman of Ezinihitte Mbaise Local Government and the entire populace of the Council,” the release stated.


The Legislative body, in the press statement emphasized that such conduct is unbecoming of a person occupying the very high office of Vice Chairman.


The Leadership of the Legislative Council, added that its swift and decisive action is firmly rooted in the provisions of law No. 6, 2022 of the Nigerian Constitution of Administration as amended.


It maintained that the expedited move is crucial to salvage the name and image of the Council which have been dragged to the mud.


“The aim is to prove to the whole world that Ezinihitte Mbaise people are not known with such odious character and attitude,” the statement added.

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