Business
Corrupt Policemen kill wife of tricyle driver over refusal to give bribe
Tragedy struck on Thursday at Ijegun Road in the Alimosho area of Lagos State, after a woman, Idongesit Ekpo, and her husband, Godwin, were shot by a team of policemen attached to the Isheri Osun Police Division.
Idongesit died on the spot, while Godwin was said to be gasping for breath at the Lagos State University Teaching Hospital, Ikeja, where he was taken for treatment.
It was gathered that the couple was returning from a church programme on Wednesday in a tricycle belonging to the family when the incident happened.
Punch reports that Godwin met a police checkpoint at Obalagbe bus stop, where some other tricycle drivers were being reportedly extorted by an eight-man police team.
Godwin ignored the police after he was flagged down and he sped past. One of the officers angrily broke his windscreen with a baton.
A police corporal, identified as Aremu Musesiu, was said to have opened fire on the tricycle.
It was learnt that the bullet pierced through the tricycle back side and hit Idongesit, who was breast-feeding a three-month-old baby.
Her husband, Godwin, who looked back when the shot was fired, was said to have also been hit in the neck.
The policemen hurriedly took money from the tricycle drivers they had earlier detained, before they vanished from the scene.
The incident attracted the attention of tricycle drivers in the community who trooped out on Thursday to protest the death and demanded justice for the victims.
The protesters held placards, with inscriptions such as, ‘Isheri Police, your generation will suffer,’ ‘Stop killing us,’ among others.
The Financial Secretary of the Committee for the Defence of Human Rights, Lagos State branch, Chinanzor Ifechiga, was brutalised and her telephone seized by the Divisional Police Officer.
Ifechiga, who was accused of filming the protest and taking pictures, was manhandled by eight policemen, who struggled to take the phone from her on the order of the DPO.
A tricycle driver, Henry Chibuzor, said the couple was shot at around 10pm on Wednesday.
He said, “I was going home around 10pm when I saw the eight-man team asking me to stop at a checkpoint. I was there with four other tricycle drivers.
“The man was coming from church with his family. As he got to the junction, he swerved and his tricycle mistakenly brushed their patrol van.
“A policeman hit the tricycle’s windscreen with a baton and damaged it. The second policeman fired a bullet which hit the woman in the neck, came out from the other side, and hit her husband too.”
He said the policemen collected N5,000 from him and also extorted money from other tricycle drivers.
The Commissioner of Police, Fatai Owoseni, who confirmed the incident, said Aremu had been arrested and detained.
He added that the DPO of Isheri Osun had also been issued a query for disobeying the Inspector General of Police’s instruction.
He said, “The police are doing all in our capacity to ensure that the deceased’s children are taken care of. The police corporal involved has been taken into custody. When we complete all necessary disciplinary action, he will be charged to court for murder.
“The team leader and the DPO of Isheri Osun division have also been issued queries for disobeying the IG with regards to policemen performing duties out of uniform, and without a properly-labelled police van.”
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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