Business
Candidates, Parents protest against JAMB, demand cancellation of 2016 UTME over manipulation
Hundreds of admission seekers to the nation’s tertiary institutions and their parents on Tuesday stormed the Lagos State Governor’s Office in Alausa, Ikeja, and the state Assembly complex to protest against alleged manipulation of the 2016 Unified Tertiary Matriculation Examination.
The protesters demanded the cancellation of the exams and the removal of the Registrar of the Joint Admissions Matriculation Board, Prof. Dibu Ojerinde.
The protesters, who faulted the conduct of the examination, described the exercise as a “big sham.”
The examination, conducted by JAMB, they alleged, was fraught with irregularities.
The examination, which started on February 27, will end on March 19.
While some of the candidates alleged that the board deliberately lowered their scores, some claimed that it arbitrarily awarded marks to many candidates.
The protesters, led by a group under the aegis of Concerned Parents and Education Stakeholders, displayed placards with inscriptions such as, ‘All we are saying give us our mark’, ‘Dibu must go; the only stumbling block in education progress’, ‘The Joint Admission and Manipulation Board, give us our real results’, and ‘The professor of test and management has outlived his usefulness’, among others.
The protesters, who occupied the gate of the Lagos State House of Assembly complex for many hours, said JAMB and its registrar had “lost focus on how to conduct a successful Computer-Based Test in the 21st century.
A candidate, Maryam Animashaun, who expressed disappointment with the conduct of the examination, claimed that she received three different results from JAMB.
Animashaun, who sat for the examination at the College of Education, Oro, Kwara State, said, “I am confused. I do not know what to do now. The first alert I received on the telephone from the board with regard to the examination showed that I scored 218. The second alert read 186, while the third one read 286.
“The surprising thing now is that I cannot print any of the results. On the website, the board claimed that I did not sit for the examination. Meanwhile, I sat for English, Government, Economics and Literature-in-English.”
Another candidate, Kalasuwe Adeola, who claimed she scored 220, said she obtained the same score in 2015.
She said, “I am sure JAMB did not mark this year’s UTME. If it did, why did they issue me the same result I obtained last year? In my printed result for this year, it was written 2015/2016 instead of 2016/2017. I sat for this year’s examination at the Bachel Model College, Lagos, on March 9. Unlike other candidates, I did not have any issue with my system during the examination.”
The National President of the Association of Tutorial Schools in Nigeria, Mr. Shodunke Olutodotun, lamented that over 10,000 candidates missed the UTME, while others had their marks deducted due to irregularities by JAMB.
“This year’s UTME will soon be concluded. We have a man called Prof. Dibu Ojerinde. This man has outlived his usefulness in JAMB. He seems to be more powerful than the country’s president.
“The protesters are the victims; their destinies are being finished by Dibu. Most of the protesters that had their exam in Delta State had the exam in a shrine. A lot of them got results before they sat for the exam.
“We are appealing to Governor Akinwunmi Ambode and the Speaker, Mudashiru Obasa, to send signal to Abuja to stop UTME. If they don’t do that, we will go to Abuja.
“How will someone sit for Physics, Chemistry, Biology and the next thing he sees are Economics, Commerce and Government?”
Describing the exam as a fraud, a parent, Mr. Bunmi Elujula, urged the Minister of Education, Mallam Adamu Adamu, to look into the complaints of the candidates urgently.
Apart from awarding arbitrary scores to candidates, Elujula said many candidates had problems with their systems.
He said, “Many candidates were allocated between 40 and 60 additional marks. What are the criteria for this arbitrariness? The strange thing is that JAMB started the CBT two years ago, why is this year’s exam a big flop? I have not seen candidates and parents complain this way about the exam in the past. I plead with the authorities to look into their grievances.”
But JAMB described the organisers of the protest as “blackmailers”.
In a statement by its Head of Public Relations, Dr Fabian Benajmin, the board said some proprietors, whose examination centres did not receive accreditation for the test, were behind the protest.
The statement read in part, “The board had approved centres provided by these individuals to be used for the 2016 exercise. Unfortunately, it could not approve those centres lacking in all the indices needed for a successful CBT.
“These same proprietors turned around to organise candidates to protest against our activities. We are not perfect as an organisation, but we are working hard to ensure that Nigerian education is better than it is. We have taken the risk to do the unthinkable so as to change the paradigm.
“We will continue to call on Nigerians to give us the benefits of doubt and with their collective support; we will give them one of the best CBT globally. It is no news that the worst CBT is far better than the best Paper and Pencil Test. At least, the era of candidates pouring acid on JAMB officials, bolting with question papers into the bush and all unthinkable embarrassing acts are gone.”
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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