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...

LAGOS STATE GOVT UNVEILS COMPREHENSIVE CYBERSECURITY GUIDELINES TO STRENGTHEN DIGITAL SAFETY . (PHOTO). #PRESS RELEASE.


 LAGOS STATE GOVERNMENT UNVEILS COMPREHENSIVE CYBERSECURITY GUIDELINES TO STRENGTHEN DIGITAL SAFETY 


The Lagos State Government has released a set of Cybersecurity Guidelines, a strategic framework designed to enhance digital safety for businesses, public institutions, and residents. 

This development represents another decisive step in Lagos’ mission to become a SMART, secure, and globally competitive digital hub.

As Africa’s fastest growing technology ecosystem—home to thousands of enterprises—Lagos faces increasing exposure to cyber risks. The National Information Technology Development Agency (NITDA) estimates that Nigeria loses over $500 million (approximately ₦250 billion) annually to cybercrime, underscoring the urgency for stronger, coordinated security measures. 

The guidelines note that while Lagos is rapidly evolving into a SMART City, this progress brings heightened vulnerability to cyber threats.

The newly issued guidelines, available at https://lagosstate.gov.ng/cybersecguide, outline clear, practical, and scalable cybersecurity best practices for small businesses, medium and large enterprises, and Ministries, Departments, and Agencies (MDAs). They are aligned with key national frameworks, including the Cybercrime Act (2024), the Nigeria Data Protection Act (2023), and the National Cybersecurity Policy and Strategy (2021). The document emphasizes that these recommendations are not regulatory mandates but tools designed to empower stakeholders with practical, context-specific guidance.

Breaking the news, the Lagos State Government reaffirmed its commitment to fostering a secure digital environment that promotes innovation, investment, and public trust. The guidelines further strengthen Lagos State’s leadership in advancing digital trust and building a resilient, future-ready digital economy.

The Government praised the Lagos State Cybersecurity Advisory Council, chaired by Prof. Fene Osakwe, for its strategic leadership and technical expertise in developing the framework. Special recognition was also extended to the Honourable Commissioner for the Ministry of Innovation, Science and Technology, Mr Tubosun Alake whose vision and support were instrumental in driving this initiative.

The release of these guidelines underscores Lagos State’s unwavering dedication to safeguarding digital assets, enhancing publicprivate collaboration, and ensuring that every organisation—from sole proprietorships to multinational corporations—can operate confidently in a secure digital environment. As the document highlights, A cybersecure Lagos is essential for sustaining its position as one of the most dynamic and globally competitive tech hubs of the 21st century.

The Lagos State Government will continue to refine and expand the guidelines to address emerging threats and evolving technologies, ensuring that cybersecurity remains a foundational pillar of the State’s digital transformation.


Gbenga Omotoso 

Commissioner, Information & Strategy

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