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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ZIMBABWE LAWMAKERS BACK LEGISLATION EXTENDING PRESIDENT'S TIME IN POWER. (PHOTO).

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 Zimbabwe lawmakers back legislation extending president's time in power


Zimbabwe's lower house of parliament passed a bill to extend presidential terms from five to seven years on Thursday, which would allow President Emmerson Mnangagwa to remain in power until 2030.


Some 216 ​lawmakers voted in favour of the draft legislation, passing the 187 mark needed ​for a two-thirds majority.


The bill now moves to the upper house of ⁠parliament, where it is also expected to sail through as Mnangagwa's governing ZANU-PF party ​controls it through traditional leaders and other proxies who generally vote with the party, Reuters reported.


Signs that ​Mnangagwa, 83, wanted to stay in power beyond the end of his second term in 2028 emerged about two years ago, when his supporters started chanting slogans at ZANU-PF rallies that he needed more ​time to complete his agenda.


The party last year resolved to change the constitution to lengthen presidential ​terms and the plan received cabinet backing in February.


Critics say the bill is a ruse for Mnangagwa to ‌stay ⁠in power for longer, though its backers say it will strengthen accountability and foster political stability.

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