Business
Exposed!!! ‘Davido’s car was used to convey Tagbo’s body to the General Hospital’ – Police Confirms + Davido reacts
The Police in Lagos, yesterday, confirmed that Afro hip-hop artist, David Davido Adeleke, was being interrogated over the death of his friend, Tagbo Umeike, following the discovery that his statements were laced with untruths. Tagbo Umeike, DJ Olu and Davido Davido, during investigation, reportedly told the investigative team at Lion Building, Lagos Island, that he was not at Shisha Bar, from where the deceased was rushed and dumped at the Lagos Island General Hospital. He, rather, said he left the bar for DNA Night Club in Victoria Island area of the state, where he was informed about Umeike’s death.
However, while briefing newsmen on the update of the investigation yesterday, the Commissioner of Police, Lagos State Police Command, Imohimi Edgal, disclosed that preliminary investigation showed that late Umeike was rushed to the hospital on David’s instruction.
Consequently, David was invited for interrogations. Davido was at the Command’s headquarters yesterday, in the company of his lawyer. From there, he was moved to Lion Building at about 5p.m., where he was still being quizzed at press time. This is just as Tagbo’s family, yesterday, released a statement signed by one Mrs Equi Araka, saying there is more to his death.
The event of Oct 3
Edgal explained further: “At about 9.20a.m. on October 3, the Chief Security Officer of Lagos Island General Hospital alerted the Divisional Police Officer in charge of Lion Building that an unidentified male was brought in dead in an ash-coloured Toyota Camry car with number plates LSD 738 EL. “The victim was alleged to have been brought in by two unidentified males. “The DPO rushed to the scene and identified the victim as Tagbo Umeike, from the international passport found in the car. Shortly after, one Caroline Danjuma, an actress and the victim’s fiancée, published on her Instagram page that her boyfriend died in the company of some friends, among whom was Davido. “I called for a meeting with family of the deceased, Davido’s family, Davido, Caroline Danjuma, including the DPO, Lion building, and the investigative team. “The meeting established that the deceased, Tagbo Umeike, met and had drinks with friends among who was Davido, at Shisha Bar. The bar attendant confirmed that he (deceased) had 40 shots of Tequila and exhibited clear signs of drunkenness. “The CCTV footage, which I called for, showed that the deceased was quarrelsome and violent in that meeting.
Davido confirmed that he left Shisha Bar without the deceased to DNA Night Club and that he was only informed of the victim’s death at the club.
‘Davido lied’
“However, investigation revealed that Davido’s white Toyota Hilux escort driver, Tunde Usutu, accompanied by one Agbeje Olaoye and one Idris Busari, both Davido’s friends, took the deceased to the General Hospital and abandoned him in his vehicle on the instruction of Davido. “The CCTV footage at the hospital picked the escort vehicle and the entire activity. The vehicle was recovered from Davido’s residence at 7, Awoshika Street, Lekki Phase 1. This completely debunks Davido’s claim that he did not know how the deceased got to the General Hospital. “The interim autopsy report stated that the victim died of asphyxia, which means suffocation. At the end of this fresh round of investigation, I will tell Lagosians our findings.”
Police on DJ Olu’s death
Edgal further said a case of sudden and unnatural death was reported by the Chief Security Officer of Banana Island Ocean Parade, Ikoyi, on October 7, to the Divisional Police Officer that two persons—Olugbemiga Abiodun of Flat Bill, Ocean Parade, Banana Island, Ikoyi and Chime Amechina— were found dead inside one white-coloured BMW Saloon car with number plates KJA 631 AY, at an underground garage in the estate. “Police operatives raced to the scene, where the bodies of the victims were taken to LASUTH, Ikeja, for joint medical examination by the Police and doctors to identify any possible mark of violence and autopsy.”
During a visit to Lagos State Teaching Hospital morgue, where DJ Olu’s body was deposited, Vanguard learned that his body has been taken to Ebony Vaults, Ikoyi, for burial.
Tagbo’s family’s statement
Meanwhile, the family of Tagbo, in a statement last night by Mrs Araka, expressed dissatisfaction with stories about his personality, adding that they believe there is more to his death. The statement read: “We, the family of Tagbo Ifeatuchukwu Umeike, received the shocking news of the passing of our brother on October 3 at about 8:55p.m., several hours after his demise. “Since his passing, there have been several stories making the rounds, especially on social media, regarding Tagbo’s personality and the circumstances concerning his death. “For a family that is trying to come to terms with the passing of their loved one, some disparaging and unfounded comments and statements about his personality and life, especially from individuals who did not even know Tagbo, have been received with a lot of sadness. “Tagbo looked out for everyone and had a big heart; he was a friend to all and loved by many. Evidence received so far suggests that there is more to his death and we, as a family, will ensure that the truth regarding the circumstances of his passing will be brought to light. Lauds Lagos CP “At this point, we will like to thank the Lagos State Police Force, led by Acting Police Commissioner, Imohimi Edgal, for their diligence and professionalism in carrying out their investigation.
“We are pleased to say that we now have a clearer picture of the events leading up to Tagbo’s untimely demise. As it is an ongoing investigation, we are unable to disclose any further information, but suffice to say the truth will come out! “We would like to kindly ask that the print media and blogs covering this story refrain from printing hearsay and fabrications and stick to the facts, while respecting that the family is grieving.”
Davido reacts
Meanwhile, reacting to the developments on Snapchat yesterday, Davido said: “My heart is rare and the world knows! Please God, keep my heart the same! Please don’t give me a change of heart Lord! I shall remain a giving being, amen! “Lies everywhere… Due to respect for Tagbo and his family, I haven’t spoken about the issue since. Soon, a statement and footage will be released. Enough is enough. God bless you guys! Everyone be safe please. “Bloggers una go soon tire.”
Furthermore, a video making rounds has it that the Last Night DJ Olu and Chime spent was a fun filled one, they had money in their boot and some boys on the street which they drove was hailing them, this was prior to the sad event. In Police report, it was revealed that only hard drugs were found in the car. Due to this, questions have been raised on how the loads of Money disappeared and does the police have a hand in the money disappearance?
WATCH THE VIDEO BELOW
https://www.youtube.com/watch?v=9UO6W3RtCQU
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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