Business
How Abacha Killed Musa Yar’adua with deadly Virus – Obasanjo reveals
Former President Olusegun Obasanjo, has alleged that former military dictator, Sani Abacha, injected a deadly virus into Shehu Musa Yar’Adua, an Army major general who served as his Chief of Staff, while the deceased, MKO Abiola and himself were in prison.
The former president disclosed this at a dinner program organized by an inter-denominational Christian organization, Christ The Redeemer’s Friends International of the Redeemed Christian Church of God, Lagos Province 39 Chapter yesterday July 8th.
According to Sahara Reporters, Obasanjo alleged that Yar’Adua was poisoned by Abacha’s killer squad, adding that he was to be next victim, but that he was saved by God’s divine grace.
“Two people had earlier told me Abacha promised that three of us would not come out of prison or detention alive; myself. Shehu Yar Adua and MKO Abiola. And two of them did not come out alive. So, that I came out alive, maybe God has a purpose. And therefore if the purpose is for me to serve the people and by so doing, serve God, then so be it. Abacha claimed that I was plotting a coup.
I wasn’t the first to be arrested. When Shehu (Yar’Adua) was arrested, I tried to plead for his release. When Abacha said he didn’t know about Shehu’s arrest, I said to him, ‘the number two man in this country cannot be arrested without you knowing.’
He then said he would go and find out. In Abacha’s plan, he left God out of it and because he left God out of his plan, it (his government) eventually failed. There is God’s hand in the life of each and every one of us and every institution. I believe that very well.
When I was arrested, they took me to a house in Ikoyi (Lagos) and that became my abode (I was) in isolation, for three months. In the meantime, there were national and international pressures for my release, (former US) President Jimmy Carter was one of the world leaders that came to ask for my release. Some African leaders like Yoweri Museveni and Robert Mugabe came.
I believe it was because of those pressures that I was released from isolation in Ikoyi where I was under house arrest.”
According to the former president, one of the worst days on earth would be the day he was court-martialled and sentenced
“I must say that, that day, in a split second, it felt like the worst day in my life. What flashed through my mind was that I was forever ruined. I asked myself, ‘What did I do to deserve this? Is this what I get for serving Nigeria?’ But then, I told myself again that this was not done to me by Nigeria, but that one man did it for me.”
Obasanjo said he and Yar’Adua were detained in Jos and Port Harcourt prisons because they were the best prisons in the country at the time.
“I was to go to Jos (prison) and Yar’Adua was to go to Port Harcourt (prison). In Jos, I was visited by my colleagues, including Yakubu Danjuma, Joe Garba, Domkat Bali, many of our colleagues, and then family members and friends.
Then a decision was made that I was becoming too popular in Jos prison and I had to be transferred to Yola prison which is a native authority prison and I don’t need to tell you what life was there.
In Jos prison, before I was transferred to Yola prison, they had decided that Shehu Yar’Adua and myself should be poisoned. So, they took him from Port Harcourt prison to Abakaliki. In the process, he was injected with the virus that killed him.
The same was supposed to be done to me. The man who came took me from the prison to a guest house in the GRA in Jos, said, ‘We know you have a problem with cholesterol so I have to take your blood for a test.’ Then I said, ‘Not on your life, I don’t have any problem with cholesterol. I was slightly diabetic.
But God had taken care of it because I was checking my blood sugar almost on a daily basis and it had become better than normal. So, I refused him (the man) touching me with anything. So, they took me to Yola and he said, ‘when you get to where you are going, we will come again.’”
Obasanjo said a doctor and specialist in the prison saved him from being poisoned. “The doctor was a professional man in charge of the General Hospital in Yola.
He listened to my case that I needed special food because I was diabetic. He said the specialist would come to see me. The specialist turned out to be somebody from Okeogun in Oyo State. Two, he was a Baptist, and three, he had heard about me and knew me. So, he looked at me and said, ‘Don’t let anybody touch you with anything.
Within three weeks the man that came to me earlier returned again and said he wanted to take my blood. I said, ‘No, you have to get my doctor to come and take my blood for you.’
That was the arrangement between me and the doctor. And my doctor came and he brought a syringe and he took my blood and gave it to him. He now asked the man, ‘When would we have the result? ’The man said, ‘Within 24 hours of my getting to Abuja.’I haven’t heard the result until today.”
Obasanjo said after his release from prison, he gave into pressure to contest for the presidency and he ended up becoming president for two terms by the grace of God. “Nigeria that was a pariah state became a darling (of the world). What is the lesson for me?
I developed in prison but unfortunately, I was not able to sustain it. Maybe because there was nothing else to do in prison except to pray and fast. I used to fast a lot. On three occasions, I fasted for seven days, no water, no food… a unique power was given to me by God.
In all these, God did not leave me alone, and I know that. I say to people that God has never let me alone nor disappointed me in spite of all. I am a sinner. It is not because of my goodness, but because of the grace of God, and the grace of God continues to abound.”
Business
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Bank
Alpha Morgan to Host 19th Economic Review Webinar
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
Business
GTBank Launches Quick Airtime Loan at 2.95%
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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