Business
Brother of Killed Soldier, Lt. Col. Otos Umusu writes President Buhari, laments unfair neglection by Presidency
Suspected Boko Haram members ambushed and killed a senior Nigerian Army officer, Lt. Col. Otos Umusu – the Commanding Officer, 118 Task Force Battalion in Borno State on Dec. 12th. His brother has written an open letter to president Buhari.
Your Excellency,
My name is Odiriviroro Umusu I am the immediate junior brother of one of your officers Lieutenant Colonel Otobrise Umusu the Commanding Officer, 118 Task Force Battalion in Borno State, who was killed by an Improvised Explosive Device, IED, in an ambush on Monday 12th December 2016 on his way to Baga.
Lieutenant Colonel Otobrise Umusu dedicated his life to serving Nigeria from an early age:
- 1991 – 1996 – Nigeria Military School – Zaria
- 1996 – 1997 – Soldier serving with the Nigerian Army Intelligence Corps
- 1997 – 2002 – Nigerian Defence Academy – Kaduna
- Commissioned an officer in Infantry Corps 2002
- Served as an officer from 2002 – 2016 in:
o Takum in the North East of Nigeria
o Republic of Sierra Leone
o Ibadan
o The Niger Delta
o Army Head Quarters – Abuja
o Maiduguri – where he died in service to Nigeria, his country
Your Excellency; if you are reading this, the name UMUSU will ring a bell as my father Brigadier General Sylvester Ugege Umusu served under you and also worked with you when you headed PTF. It is now Wednesday 14th December 2016 and as I write this letter with tears in my eyes, my father, my brother’s wife Ufuoma Umusu and his siblings have not been contacted by you, your office, the Chief of Defence Staff or the Chief of Army Staff to offer your condolences for our loss. My brave brother sacrificed his life and future with his family to make yours and every Nigerian’s today safe. In my humble opinion we deserve your acknowledgement and appreciation and as a former army officer I know you appreciate the sacrifice involved in serving your country and it saddens me that in over 24 hours after the passing of my brother a call has not been made to my family. I do not under any circumstances believe this is too much to ask; for the falling heroes of our beloved country Nigeria.
My family has served Nigeria in her armed forces and continues to do so, we have paid the greatest price for that service; the very young life of my beloved brother Lieutenant Colonel Otobrise Umusu who was killed in action. As his family we have lots of questions to ask surrounding his death:
- When will an investigation be carried out?
- Will there be an investigation?
- My brother bled out, why did his team not have the right equipment for such eventuality
- What lessons can be learnt from this?
- What is being done to stop funding to Boko Haram?
o Every weapon, vehicle purchase or general equipment purchase by Boko Haram must leave a paper trail
o Can the expert forensic accounting skills used by the EFCC not be employed to disrupt their operations?
Your Excellency, you may deem this letter as disrespectful and not the right procedure in dealing with this matter but am all but a Nigerian citizen that is grieving the loss of his beloved brother and in my humble opinion we deserve to know the who, what and why that happened to our brother on that terrible day and as his Command in Chief you are ultimately responsible for reaching out to all the families of our fallen heroes to assure them their loved ones did not die in vain.
Thank you for your anticipated attention to this matter.
Yours sincerely,
Odiriviroro Umusu
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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