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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NIGERIA CUSTOMS SERVICE IMPLEMENTS 2026 FISCAL POLICY MEASURES/ TARIFF AMENDMENTS. (PHOTO).

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 NIGERIA CUSTOMS SERVICE IMPLEMENTS 2026 FISCAL POLICY MEASURES/ TARIFF AMENDMENTS


The Federal Government has approved the implementation of the 2026 Fiscal Policy Measures and Tariff Amendments to strengthen Nigeria's fiscal and trade framework, boost competitiveness, and enhance revenue generation.


A statement by the Public Relations Officer of the Nigeria Customs Service, Abdullahi Maiwada, says the measures introduce key changes to the Customs and Excise Tariff. 


These include revised ECOWAS Common External Tariff lists, import and export prohibition lists, excise duty schedules, and a Green Tax surcharge on vehicles with engine capacities of 2,000cc and above.


Importers, exporters, manufacturers, licensed customs agents, and other stakeholders are required to familiarise themselves with the new tariff schedules and comply with the updated fiscal and regulatory requirements.


The Nigeria Customs Service has published the full document on its official website to promote transparency and ensure smooth implementation.


The Service says successful implementation will depend on stakeholders' cooperation in advancing trade facilitation, revenue collection, border security, and sustainable economic growth.

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