Business
Ayobo land grabbing mess : Pastor Femi Adebayo Exonerated As Culprit Gets Exposed
Following some media publications that pointed Pastor Femi
Adebayo’s involvement in the land grabbing mess in Ayobo area of Lagos that saw
violence and injuries being inflicted on several individuals, the truth of the
matter has been exposed.
In the publications, Pastor Femi Adebayo, the General Overseer
of Endtime Heavenly Revival Ministry, was said to have employed thugs to attack
some property owners in Ayobo, meanwhile, reverse is the case.
In an interview carried out by this publication with the
head of Olalore family, Alhaji Ambali Olalore, who is in charge of properties
in the community, it was revealed that a prominent tormentor, Chief Morufu
Aremu Owonla, Popularly known as ‘Kaka’ is behind the mischiefs recently seen
in the community.
Going down memory lane, he explained that trouble started
when his family decided to discontinue a contract they had with Chief Morufu
‘Kaka’ after he failed to fulfil his part of the contract.
He made it known that ‘Kaka’ is just a resident in Ayobo who
was introduced to his family when they needed sponsor to execute a judgment by
the government. He was contacted to sponsor the execution, with an agreement of
60/40% on money made which wasn’t later actualized due to his faults.
‘Ayobo is peaceful, the only problem is chief Morufu Aremu
Owonla AKA Kaka. He took thugs to Amule, Apata, Onikonga, Asipa, Megida, others
over Ilogbo land in Ayobo.
Against the several media publications, I am the family head of Olalere and we
have done several good to Ayobo, Kaka owns the thugs that have been disturbing,
you can ask everyone in these towns, AIG Zone 2 once declared him wanted but he
eloped oversea.
We once had a relationship with him, he lives in Ayobo but
we no longer have that relationship, we went to him to sponsor an execution for
us due to financial challenges, we went to him but he didn’t later fulfil his
part, rather he caused trouble for us, we then went to our lawyer to legally
discontinue the contract in 2015
We don’t owe him, we had an agreement of 40/60 with him but
he didn’t even fulfil his part, he went ahead to sell lands out father had sold
while we were still young, we were not part of it’’
On Pastor Femi Adebayo’s involvement, Chief Ambali noted
that the cleric is like a younger brother to him, and he is known as a pastor
in the community, declaring that no one in Ayobo can accuse him of anything
that has to do with violence.
‘There is nothing like Pastor Femi Adebayo bringing in thugs, though he is like
a younger brother to me, we have been together for years, I don’t know why he
is being mentioned, it’s just slander, he is not involved at all.
Pastor Adebayo is not a tout, He isn’t involved in all this,
I know him as a pastor and nothing more’’
Furthermore, several individuals have lamented their ordeals
with Chief Kaka. They explained how he treated them, while blaming the police
for not giving justice to the situation on ground.
In an interview with Adebayo Semiu, a former staff of Chief
Kaka who left him after much pressure from his family, he made it known that
Chief Kaka tried to kill him after he decided to quit working for him.
Also, he made some clarifications about claims that he works
for Pastor Femi Adebayo, noting that such never happened. He also spoke on the
claims the pastor Femi Adebayo inflicted an injury on one of Chief Kaka’s
thugs, describing it as fals
‘‘I once worked for Alhaji Kaka, at a time I told him I am
no longer interested in working again, after this, he ordered his boys to come
and attack me on the road, they hit me with hammer, they were with guns and
cutlass, if anybody doesn’t believe, he can ask those living in Ayobo, I worked
with him for over 10 years.
Those in the publication are Ponle Tyson, we worked together
alongside Pumping, Tunde Micheal, Afeez Majiyagbe, and others.
I don’t work with Pastor Femi Adebayo, I saw Ponle Tyson on
the paper saying Pastor Femi Adebayo organized boys to give him injury, the
injury on him was gotten in Oshodi while I was still working with Alhaji Kaka
five years ago’’
Also, the daughter of the former social secretary of Nigeria
sporter club, Surveyor Benjamin Ogunbo had her case to share. The
lady, Kehinde Daramola explained that Chief Kaka encroached into their father’s
house to start building on it.
‘I am Kehinde daramola, Daughter of late surveryor Benjamin
Ogunbo, former social secretary of Nigeria sporter club, he has a two plots of
land in Onibeji Ayobo, we got a call from our neighbors that land
grabbers are on our land, we went to police station to report, the DPO asked us
to maintain status quo till the following Monday, but when we got there on
Monday, they have started foundation and building on the land, since he DPO
couldn’t do anything, we had to report at the Zone 2, yet nothing was done.
We also wrote a petition to the lagos state government but
we are yet to get anything, we got to know its Mr Kaka that is behind it, we
met him at the police station and he said there is nothing anyone can do, he
encroached on our land, broke our fence and started building on it
We still have tenants living there, we can’t even go there because he is after our lives.’
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.
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.
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.
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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