EFCC arraigns man over alleged ₦700m fraud in Lagos
The Economic and Financial Crimes Commission, EFCC, has arraigned a man, Osaretin Osagiede, before a Lagos State High Court in Ikeja over an alleged ₦700 million fraud involving unauthorised access to computer material and the alleged receipt of stolen property. A statement by the anti-graft agency said Osagiede was arraigned on Friday, September 4, 2026, […] EFCC arraigns man over alleged ₦700m…
The Economic and Financial Crimes Commission (EFCC) has formally charged Osaretin Osagiede before a Lagos State High Court in connection with a suspected ₦700 million fraud, according to official reports. The alleged offense involves unauthorized access to computer material and the possession of stolen property. Osagiede appeared in court on September 4, 2026, before Justice Olukayode Ogunjobi, facing three charges.
These charges include bypassing the two-factor authentication method to gain unauthorized access to the bank's data and dishonestly receiving a sum of ₦700 million from Best Start Micro Finance Bank. Osagiede pleaded not guilty to the charges presented. The prosecution has requested the court to set a trial date and to remand the defendant in a correctional facility until his bail application is heard.
The judge adjourned the matter until September 16, 2026, for the bail hearing and ordered Osagiede's detention in a correctional facility.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Police arrest four over alleged mob killing in Lagos premiumtimesng.com
