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...

TROOPS FOIL TERRORIST AMBUSH, DISMANTLE MAKESHIFT CAMPS IN NORTH EAST, RECOVER RPG BOMBS, MOTORCYCLES AND OTHER COMBAT ENABLERS . (PHOTO). #PRESS RELEASE.


 TROOPS FOIL TERRORIST AMBUSH, DISMANTLE MAKESHIFT CAMPS IN NORTH EAST, RECOVER RPG BOMBS, MOTORCYCLES AND OTHER COMBAT ENABLERS 


Troops of 27 Task Force Brigade, operating under Sector 2, Operation HADIN KAI, have on 7 September 2026 successfully foiled an ambush by suspected Boko Haram terrorists along the Buni Gari–Buratai axis in Biu Local Government Area of Borno State. The troops, while conducting a routine patrol along the axis, encountered the terrorists and responded decisively, forcing the terrorists to withdraw from the area in disarray. Reinforcement was subsequently deployed, enabling the troops to clear the ambush site and conduct further exploitation of the surrounding area.


During the operation, troops discovered and dismantled several makeshift camps assessed to have been used by the terrorists as temporary staging and hideout locations. Items recovered include one motorcycle, bicycles, one magazine, ammunition and rocket-propelled grenade bombs.


There were no casualties among own troops during the encounter. However, some military vehicles sustained damage as a result of the engagement. Notwithstanding the damage, the troops remained operational and successfully completed the mission.


The operation underscores the resolve and fighting spirit of troops of Operation HADIN KAI to deny terrorist elements freedom of action, disrupt their activities and protect communities across the theatre. The general security situation within the area of responsibility remains calm but unpredictable, as troops continue to maintain aggressive patrols and other coordinated security operations to safeguard lives and property.


The military urges members of the public to remain vigilant and promptly report any suspicious movements, persons or activities to the appropriate security agencies. Such timely information remains critical to ongoing efforts to detect, disrupt and neutralise terrorist activities within the theatre.


MOHAMMED GONI 

Captain 

Acting Military Information Officer 

Headquarters Joint Task Force (North East) Operation HADIN KAI 

MAIDUGURI 

7 September, 2026

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