Business
BREAKING!!! Supreme court Okays Rev. King to die by hanging
The Supreme Court has confirmed the convicted General-Overseer of the Christian Praying Assembly, Chukwuemeka Ezeugo, a.k.a Rev. King, to die by hanging.
In a unanimous judgment this afternoon, a seven-man panel of Justices of the apex court led by Justice Walter Onnoghen, upheld the death sentence that was earlier handed to Ezeugo by the Lagos state high court. Consequently, the court in its lead verdict that was delivered by Justice Sylvester Ngwuta, dismissed the appeal the convicted clergy lodged before it. Justice Ngwuta who noted that “the facts of the case could have been lifted from horror film”, resolved all the 12 issues Ezeugo raised in his appeal against him. “This appeal has no merit.
The judgement of the court of appeal is hereby affirmed. The prison sentence that was earlier handed to the appellant is no longer relevant in view of the death sentence passed on him”, Justice Ngwuta held. It will be recalled that Ezeugo was convicted and sentenced to death by hanging on January 11, 2007, for the alleged murder of his church member, Ann Uzoh.
He was arraigned on September 26, 2006 on a six-count charge of attempted murder and murder. The charge against him was at the instance of the Lagos State Directorate of Public Prosecutions. During the trial, the prosecution had argued that the convict poured petrol on the diseased, Uzor and five others. Uzoh died on August 2, 2006, exactly 11 days after the incident. In her judgment, trial Justice Joseph Oyewole who is now a Justice of the Court of Appeal at Calabar, said there was sufficient evidence linking the accused person to the commission of the crime.
Consequently, Justice Oyewole convicted and sentenced Ezeugo to 20 years imprisonment for the attempted murder and death by hanging for the offence of murder. Dissatisfied with the judgment, Ezeugo took the case before the Lagos Division of the Court of Appeal. The condemned clergy, in his notice of appeal dated January 16, 2007, prayed the appellate court to set aside the judgment.
Aside 16 grounds of appeal he raised through his lawyer, Mr. Olalekan Ojo, he was subsequently granted leave to argue additional 16 grounds based an amended notice of appeal he filed on June 15, 2008. Ojo argued that his client did not commit the crime and was not at the scene of the incident. He insisted that the deceased, Uzoh, had in two statements she made after the incident and before her death, stated that she got burnt in a generator accident and that the cleric was not responsible for her injuries. Ojo said the Investigating Police Officer, IPO, had tendered statements which stated that Ezeugo was not responsible for the burns that led to Uzoh’s death.
He alleged that the trial Judge refused to admit in evidence, the statements he said exonerated Ezeugo of the crime. The lawyer further contended had those “vital exhibits” been admitted rather than expunged by the trial judge, they would have operated to cast serious doubt on the case of the prosecution. He maintained that Justice Oyewole’s refusal to admit the exhibits in evidence “occasioned a great miscarriage of justice” against his client. Meanwhile, after due consideration of the case, a three-man panel of justices of the appellate court, in a lead judgment that was delivered by Justice Fatimo Akinbami, dismissed Ezeugo’s appeal and upheld the high court verdict.
The other members of the appellate court panel that equally concurred with the lower court’s verdict were Justices Amina Augie and Ibrahim Saulawa. Determined to save his life, Rev Ezeugo lodged an appeal before the Supreme Court. His appeal was challenged by the Lagos state government which through its Attorney General, Mr. Adeniji Kazeem and Director of Public Prosecutions, Mrs. Idowu Alakija, urged the apex court to dismiss it and uphold the concurrent verdicts of the two lower courts.
-Vanguard
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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