Business
ARIK AIR OF THIEVES “How Arik Air ‘steals’ from us” — passengers
The Aviation Minister, Osita Chidoka, on Monday said the ministry has arrested three Arik Air staff for stealing fuel from an aircraft.
Making the announcement on his official Facebook page, Chidoka said “the trio of Blessing Dugbe, Samuel Asuquo and Isaac Ajakaiye were arrested at the Murtala Mohammed International Airport, Lagos, during a security patrol operation on Sunday at about around 3 a.m. The trios were stealing Jet A1 fuel from Arik Air plane, with registration number: 5N-MID into six jerry cans for sale at a cheaper price to other unsuspecting airline operators. It’s a development that has the capacity to threaten safety and security of airplanes. Meanwhile, the three (3) suspects were handed over to the Crime Investigation Bureau (CIB), AVSEC MMIA for further action,” Mr. Chidoka said.
He said considering the magnitude of the crime to the security and safety of airplanes, the chief security officer of the Lagos airport has been asked to ensure that the suspects are handed over to the airport police for adequate prosecution.
This is not the first time that Arik staffers are accused of theft. Passengers have often lamented the loss of one item or the other, ranging from iPad, jewelleries, money, clothes to perfumes aboard the airline’s flights.
“Arik Air inflight theft (Flight no. W3 151 @ 0700hr, 24th April, 2014.
“I boarded this Arik Air flight from Abuja to Lagos 16th June, 2012 to connect an international flight. The flight scheduled to depart at 14:25 eventually left just around 15:00, which is a relatively good time considering the fact that delays of over 6 hours are the norm these days.
First off, we couldn’t find where to sit as the cabin crew informed us that it was ‘free sitting.’ I wondered why the order guaranteed with seat allocation was discarded for the chaos of “free sitting.” Most of the passengers were not pleased. During the flight, I read a book and discussed an article I was working on with my friend Azeenarh. She encouraged me to get started with the article already.
At this point I picked up my ipad to write, trying to imagine what happened in the last minutes of the Dana Crash. I had done some 500 words when the pilot announced that we were almost landing and all the routine of sitting upright, putting out electronic equipment meant that I had to stop using the ipad. I put the ipad in the seat pocket right in front of me.
On arrival in Lagos, I helped Azeenarh with her bag which was under the seat in front of her, while others in the usual style rushed to go out. We took our time and eventually alighted from the aircraft. When we got to Allen Avenue, I realised I had left my Ipad in the aircraft. We quickly dashed to the airport and we were fortunate to find out that the aircraft that brought us was still on ground.
We finally met one Lanre who was in charge of complaints as mine – “Lost and Found” is what they call it. “Lost and Gone” would be more apt based on my experience. His friend asked him in Yoruba if he had seen anything and he mumbled something which I didn’t hear. I didn’t like the fact that they were even speaking Yoruba in mumbled voices at this time and I told Azeenarh the comportment of the staff best compares with that of Lagos motor parks.
Lanre went and came back and said “they saw the ipad and put it inside your bag.” Of course that could not have happened. How could you have put an Ipad in my bag when the ipad was not tagged? How did you know which bag to put it in? While we were arguing about this, he left to attend to other passengers who had even more interesting complaints.
Mary Chen as stated earlier had travelled from Lagos to Abuja (Flight W3 155, 11:45 June 12, 2012) to lodge a complaint. She found out that her jewelleries (gold trinkets INCLUDING her wedding ring) inside her jewelry box had been stolen. She had checked this box in and it was obvious someone had found a way to open the bag, steal her jewelleries and left the bag as if nothing had happened. There were other people with complaints of theft as Mary noted when she made her complaint the first time.
Asked about making a report, the Arik Air staff with phone number 08077791490 (the official number for complaints such as mine and Mary’s) said there was no form to fill, there was no superior to talk to, and that just verbally telling him was enough. Essentially there was nothing to document the complaints.
Why should someone who made a report a week after he had lost something just as valuable as my ipad, have his lost good returned to him within minutes of asking and I who made my report within 90 minutes of forgetting my ipad has to force Arik Air to do the needful? Lanre said they found the ipad and put it in my bag; that established the fact that the ipad was at least found. Emirates found the camera and kept it in place for the owner who claimed it on his return journey a week after.
Arik Air found my ipad and claimed they had put it in my bag. The difference is why you can check in your luggage on Emirates airline and connect flights around the world and be sure they can be trusted to take care of even your lost good. With the other, your luggage is in danger on even a flight as short as Lagos – Abuja, even in a locked box like Mary’s.
I will be posting more reports on thefts such as this for now and would give special preference to Arik Air stolen goods reports.
The hashtag on twitter is #ArikAirWhereIsMyIpad”
somehow i forgot i had a pair of scissors in my hand luggage which was spotted during scan.
The attendant requested i drop it before i can board. This wasn’t a big deal but I first had to almost empty my bag just to locate the scissors during which process i place certain items including my samsung camera on the desk. I foolishly let the dude assist me in getting my items back in my bag. That was the last time i saw the camera. It took me till last year to resume flying with Arik as i was seriously pissed.- anonymous
Funny enough while typing this reply, my boss narrated his own experience on how his pouch containing valuables and ID cards was lost when he flew Arik from Port Harcourt to Abuja and all efforts to locate the items proved a abortive”.- anonymous
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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