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EXCLUSIVE INTERVIEW: ‘BRITISH Government: A Thief & Dictator’-Steve Franklin, President, Nigerian American Press Association

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HE is originally from Europe, an American widely traveled journalist, a historian, opinionated writer, an author, President of Nigerian American Press Association (NAPA) a famous media association of Nigerians and American journalists with over 100 memberships. He’s a very outspoken media professional who passionately follow events in Africa. He hates cheat, lies and dictatorship. In this 30 Minutes interactive session with SAMSON SHOAGA, NAIJA STANDARD EDITOR, Steve Franklin give reasons why he condemns British Government as a Thief and Dictator. He chronicles several vices imbibed in Britain as they continually squanders Nigeria’s Stolen Wealth kept in Britain’s Bank Account for their own rapid development. Also, he talked about the latest show of shame by David Cameron in UK Anti-Corruption Summit.

 

Q: How do you view the on-going Anti-Corruption Summit in Britain?

A: As far as I am concerned, I know that from the outset of United Kingdom Anti-Corruption Summit, David Cameron, British Prime Minister had convened that meeting to embarrass and disgrace Nigeria, which was why he referred to ‘Nigeria and Afghanistan’ as two most corrupt nations in the world during his pre-summit chat with Queen Elizabeth II. Were it not the video camera that captured that scathing and derogatory statement, Cameron could have denied he did not utter it. Britain is not a saint, but very corrupt. In the present list of Transparency International Corruption Index, UK occupied 10thposition with Germany, Luxembourg.

You are aware in the UK Anti Corruption Summit, Cobus de Swardt, Managing Director of Transparency International reacted to Cameron comments regarding Nigeria, Afghanistan as ‘Most Corrupt’ when he said: ‘There is no doubt that historically, Nigeria and Afghanistan have had very high levels of corruption, and that continues to this day. But the leaders of those countries have sent strong signals that they want things to change, and the London Anti-Corruption Summit creates an opportunity for all the countries present to sign up to a new era. This affects the UK as much as other countries we should not forget that by providing a safe haven for corrupt assets, the UK and its Overseas Territories and Crown Dependencies are a big part of the world’s corruption problem.’

 

I can tell you that majority of British politicians and Nigerians are presently condemning Cameron for trying to place Britain as a saint, immunized from stealing. In Africa, I have heard lots of people say ‘A Pot cannot be calling the Kettle Black.’ May be you don’t know yet, British opposition politicians and anti-corruption campaigners have said Cameron was ill-placed to criticize Nigeria when Britain’s own record on combating corruption was less than glorious.

Unilaterally, they have said that corrupt politicians and business people from Nigeria and many other countries have laundered their ill-gotten gains in Britain’s property market, while London also has ties to numerous tax havens routinely used to hide stolen money to develop their country. There will be an Agreement to be signed at the end of the summit on Reparation of Nigeria’ stolen funds in United Kingdom.

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Q: Are you sure after Nigeria may have signed the Agreement on Stolen Funds Reparation, the UK Government will return the money?

A:Based on Britain’s body language, I am sure they are not ready to return Nigeria’s stolen funds stashed in various banks which I will reveal shortly soon. They act and see themselves as Dictator, suffering from Colonial Master’s Syndrome. They want to use Nigeria’s stolen funds to build and rapidly develop their own nation to their optimal satisfaction. When they are through, they will then recycle same stolen funds into their banks and begin to give to Nigeria in piece meal after a long waiting period. They will then attach stringent conditions for Nigeria to follow in implementing the piece meal funds reparation. If they feel that the returned funds is not well executed according to British laid down rules, they will delay releasing other stolen funds.

 

My position is further confirmed by a reported statement from British High Commissioner to Nigeria, Paul Arkwright, who said that the UK government had no plan to keep the money, but there are certain legal requirements that Nigeria had not met to ease the recovering of the money. He agreed the money belong to the Nigerian people but left a caveat that they ‘need to make sure that the money is well spent when it returns to Nigeria’. They need to make sure they ‘can do that in a proper way, which is fully in compliance with the British law.’ What an insult. Nigeria is a Sovereign nation like Britain, with laid down rules on procedures. Britain must do away with its Master-servant mentality. They cannot enforce British laws on Nigerian laws. That is why I call them Dictator of the highest order. Nigeria had her independence since October 1, 1960, yet you are not willing to let the country grow, progress forward. What a shame…

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Q: Can you mention those British Banks where Nigerian politicians in the know of British Government hides Nigeria’s stolen funds?

A: Let me say here that British Government is government built mostly on stolen funds from the money pilfered by some politicians in those countries and kept in their banks. It is strange that UK knows those funds were stolen from Nigeria yet they instruct their banks to collect such funds, so that they may use the funds through backdoor and play it around in a circle, when tired they return the funds into the banks. It is that simple. It will shock you to hear that British banks being used by UK Government to hide Nigeria’s funds are: HSBC, Barclays, Natwest, & Royal Bank of Scotland. Till date, noBritish bank has been publicly fined or even named by the regulators for taking corrupt funds, whether willingly or through negligence.

Recently, an International corruption watchdog said high street banks in the United Kingdom could have helped fuel corruption in Nigeria by accepting millions of dollars in deposits from dubious politicians in the west African nation.

How come five leading UK banks have failed to adequately investigate the source of tens of millions of dollars taken from two Nigerian governors accused of corruption in the past. Robert Palmer, a campaigner at Global Witness corroborated my position when he said ‘Banks are quick to penalise ordinary customers for minor infractions but seem to be less concerned about dirty money passing through their accounts.

He also said ‘Large scale corruption is simply not possible without a bank willing to process payments from dodgy sources, or hold accounts for corrupt politicians in the knowledge of the government.

I strongly share in the belief that Financial Services Authority (FSA) have failed woefully to do more to prevent money laundering through British banks. The fact that they reportedly acknowledged that in accepting the money, Barclays, NatWest, Royal Bank of Scotland (RBS) and HSBC, as well as Switzerland’s UBS, might not have broken the law, is a shame on British Government.

In Britain, banks helps in facilitating corruption. Name one British bank that has been publicly fined or even named by the regulators for taking corrupt funds, whether willingly or through negligence or sacked. In United States, banks that breach the law have been fined hundreds of millions of dollars for handling dirty money. Barclays, HSBC and UBS are all members of the Wolfsberg Group, an international body set up in 2000 to try to improve global anti-money laundering procedures. This revelation was made by Robert based on court documents from cases the Nigerian government has brought in London in an attempt to get funds returned that it said were stolen by two former state governors: Diepreye Alamieyeseigha of Bayelsa state and Joshua Dariye of Plateau state.

Alamieyeseigha was accused of corruption after he was caught with about $1.6m in cash at his London home. He was briefly jailed in Nigeria after pleading guilty to embezzlement and money laundering charges two years later. Dariye was arrested in 2004 in London and was found to have purchased properties worth millions of dollars even though his legitimate earnings amounted to the equivalent of $63,500 a year. James Ibori, a-two time former Governor of oil rich Delta State was arrested for corruption, pleaded guilty and sentenced to 13 year in British prison. Don’t you know Ibori’s stolen fund in UK banks are parts of the money Britain is using for their country’s development?

 

How about Nigeria’s former minister of Petroleum, Diezani Allison Madueke, who took off to UK to cool off and kept varying staggering amount in UK banks? Though I read in Nigerian papers that she will be prosecuted by the Nigerian Government on how she looted Nigerian National Petroleum Cooperation (NNPC). The questions are: What is happening to those huge funds she stole and kept in British banks? Who manage the funds in UK? How long has these stolen funds been hidden in UK banks? What is British Government doing with the bulk of the money of Nigerian politician accused of corruption? It is not only the person that steals money that is corrupt, the country that hid the stolen funds is far corrupt than the person who stole the money because Britain is by their action saying ‘You may go and steal as a politician, but make sure you bank your stolen finds with us, we will help you take good care of it.

 

 

Q: Which other reasons do you have to have labeled Britain a Thief nation?

A: Majority of Nigeria’s stolen artifacts which the UK Government used in decorating their British Museum in London dates back to over 500 years ago. Majority of the artifacts were stolen by British aunthorities on the soil of Nigeria from Benin Kingdom. Very famous Benin bronze plaques stolen in 1897 when the British launched a punitive expedition to the venerable Benin City, heart of an old kingdom headed by a Royal King Oba Ovonramwem. UK Troops sack ed his palace purposely to steal Nigeria’s assets, eventually stole the bronze plaques that detailed the history and customs of the kingdom and exiled him-turning the kingdom into part of modern day Nigeria. How would you describe the British Government in this scenario, is that not a Thief? One of the Nigeria’s stolen famous artifacts is: Okukor.

DAVID_7[1]Let me remind you that after the sacking of Benin Kingdom, the bronzes were taken by the British to pay for the expedition. The Foreign and Commonwealth Office sold them off, and around 900 ended up in the world’s greatest museums, including the British Museum, which has one of the largest sets. One of the sculptures, the bronze cockerel known as Okukor, ended up at Jesus College after it was donated by Captain George William Neville, a former British Army officer whose son had been a student there. The gift was fitting; the cockerel is the mascot of the college, after the surname of its founder, Bishop John Alcock.

The sculpture in question depicts a proud, strong animal – an embodiment of power. Though its value is not clear because so few bronzes have been sold recently, in 1989 a bronze memorial head from Benin was auctioned at Christie’s in London for more than £1 million. The Benin Bronzes are a set of artworks created by the Edo people for centuries starting from the 13th Century to celebrate the Benin Kingdom. When colonialists first discovered the pieces adorning the Oba’s royal palace, they were amazed that such incredible artwork could be created by people so ‘primitive’. Also stolen is Elgin Marbles, a Greek statute, which the British Government manipulating to claim.

When the Benin Bronzes first arrived in Europe, they transformed the way people saw Africa. Europeans were surprised that Africans — a people whom they assumed to be backward — could make such refined artwork. Till date, they remain some of the most celebrated artworks to emerge from Africa, but much like Greece’s Elgin Marbles, they are mired in controversy due to the circumstances in which they were acquired. Can you now tell me if Britain is not a Thief?

 

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Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

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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.

 

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

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Alpha Morgan to Host 19th Economic Review Webinar

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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.

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GTBank Launches Quick Airtime Loan at 2.95%

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GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion

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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