Business
Call to reverse Tompolo’s Pipeline Surveillance Contract thickens
Call to reverse Tompolo’s Pipeline Surveillance Contract thickens
Mr. Government Ekpemupolo, better known by his alias Tompolo, is a well-known ex-militant warlord in the Niger Delta. He just received a contract from the Federal government for pipeline surveillance, which is worth a staggering N48 billion annually.
The surveillance job was given to Tompolo amid reports of rampant crude theft that is ruining Nigeria’s oil industry.
According to reports, the Tompolo surveillance contract has received harsh criticism and outrage from a plethora of sources, with many questioning the entire procurement procedure.
A civil society organization, the Civil Society Legislative Advocacy Center (CISLAC), responded to the development by describing the surveillance contract as a joint promotion of criminals.
CISLAC executive director Auwal Musa asked some salient questions like,
“What is the value of the investments and allocations made from the national treasury to the numerous security paraphernalia in Nigeria if an ex-militant is seen to be more competent to deliver on security issues than the entire armed forces of the Federal Republic of Nigeria,”
Auwal also asked, “Who oversight the procurement process of this award? Were there bids, and what process led to his emergence on this award? Or is our bureau of public procurement also an incompetent institution that couldn’t deliver on a free and equitable process? On the other, doesn’t the law have clear stipulations on contract awards in Nigeria?
“It is really sad that the Nigerian government is promoting criminality, because what they have practically done is encourage criminality.
“So, criminals can take arms against the state and they can now rubbish our own security; the police, navy, army, and DSS, meaning all of them cannot secure the country or the oil pipelines. One day, the Nigerian government will come and hire terrorists to guide us. This is really terrible.”
Despite appeals from Tompolo’s faction, ENigeria Newspaper has been reliable informed that other rival ex-militant groups are already threatening fire and brimstone in the Niger-Delta.
You may recall that Tompolo made a commitment to end all hostilities with the opposing parties in order to ensure a smooth execution of the now contentious monitoring contract. However, there are clear signs that his approach has not yielded the desired effect.
For example, opposing factions loyal to Asari Dokubo, the founder of the Niger-Delta People Volunteer Force, NDPVF, are already headed for conflict with faction loyal to Tompolo the former leader of the Movement for the Emancipation of Niger-Delta, MEND and analysts say another creek war is imminent.
Asari Dokubo asserted that Timipre Silver, the minister of state for petroleum, in awarded the contract for pipeline surveillance in Rivers State to Tompolo on purpose in a calculated attempt to spite him (Asari). As a result, he threatened to oppose and serve it hot to anyone who crossed his home territory of Kalabari in relation to pipeline surveillance including Tompolo and the Army.
Even though the federal government may have been forced to award such a sensitive surveillance contract to ex-militants due to the daily loss of over 400,000 barrels of crude and the threat to N9.4 trillion in expected revenue from crude, many now concur with governor Rotimi Akeredolu that the national security system has completely failed, making it necessary to turn to non-state actors for security.
Akeredolu criticized the central government for being willing to approve high-tech weapons for private security companies but vehemently refusing pleas from states to arm their regional security initiatives. State agencies that are well-equipped, trained, motivated, and armed would be more fitted to handle pipeline surveillance than contentious private operatives whose allegiances can change.
“The pipeline contract should be reviewed immediately, and effective, comprehensive measures taken to protect pipelines and production sites”, he concluded.
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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