Business
APC, INEC Ask Ogun Election Tribunal To Dismiss PDP’s Petition As Parties Submit Final Written Addresses
APC, INEC Ask Ogun Election Tribunal To Dismiss PDP’s Petition As Parties Submit Final Written Addresses
Governor Dapo Abiodun and the All Progressives Congress (APC) on Monday urged the Ogun State Election Petition Tribunal to dismiss the petition filed by the candidate of the Peoples Democratic Party (PDP), Ladi Adebutu and his party against the election of Abiodun during the March 18, 2023 governorship election in the state.
This is even as the tribunal reserved judgment in the petition as counsels to all the parties submitted their final written addresses.
The Chairman of the three-man tribunal, Justice Hamidu Kunaza, told the counsels that the final day of the judgment would be communicated to all the parties.
Adebutu had approached the tribunal to challenge the declaration of Prince Abiodun as the winner of the governorship election by the Independent National Electoral Commission (INEC), saying that the election was marred with corrupt practices and non-compliance with the Electoral Act.
In their separate submissions however, counsels to the 1st respondent (INEC), Mr Remi Olatubora (SAN), 2nd (Dapo Abiodun), Chief Wole Olanipekun (SAN), and the 3rd (APC), Mr Tayo Oyetibo (SAN), told the tribunal that the petitioners failed to prove their case beyond a reasonable doubt.
Counsel to INEC, Olatubora, prayed the tribunal to dismiss the petition for being absolutely unmerited and a waste of the tribunal’s precious time.
He said that allegations of corrupt practices, non-compliance, multiple thumb printing of ballot papers, ballot stuffing, and forgery as alleged by the petitioners were not proved beyond any reasonable doubt
He described the testimony of the witnesses brought by the petitioners as heresy, which is not admissible in law.
Counsel to Prince Dapo Abiodun, Chief Wole Olanipekun, (SAN) in his final address, described Adebutu’s petition as a mere academic exercise.
He noted that the soul of the petition was not duly signed and stamped and, therefore, lacked merit to be adopted and should be struck out.
“The document is not signed, not dated, no heading, no title, no identity, no signature, no stamp. The CTC has no signature,” he said.
However, in his counter-argument, Counsel to Adebutu, Chris Uche, SAN, told the tribunal that all documents presented by the petitioners were obtained from INEC.
He urged the tribunal to declare Adebutu the winner of the governorship election or, in the alternative, order a rerun of the election in 99 polling units where he alleged that there were disruptions.
Counsel to APC, Tayo Oyetubo, who spoke to journalists shortly after the adjournment, said the respondents have presented a good case, even as he expressed confidence that the judgement would be in their favour.
He said: “All parties have addressed the court on the case before the court, and the matter has been adjourned for judgment. The case that was brought to the tribunal was attacked on different grounds in terms of competence, in terms of substance, and in terms of the quality of the witnesses that were brought, all of those issues have been adequately canvassed before the court and in a nutshell, the respondents are confident that they’ve done a good job and winning the case.”
It would be recalled that APC and Prince Abiodun had described Adebutu and PDP’s petition as a wild goose chase.
Abiodun and APC, in their final written submission earlier reported, argued that the petitioners did an awful job and failed to prove their case.
This, they said, was because Adebutu and PDP presented tutored and unreliable witnesses, relied on documents that contradicted their witnesses’ case, and presented experts whose testimonies and documents lacked probative value.
They argued that Adebutu and PDP, who are accused of vote buying with credible evidence, have unclean hands and could not receive equity with those unclean hands.
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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