Business
EXPOSED : How Obasanjo’s son, Jonwo abandoned Baba Ijebu’s daughter for 5 Days after wedding
Their wedding, albeit superlative, was marred with controversy from day one, when it was announced to the public. First, it was the resistance of the groom’s mother, Mrs. Taiwo Obasanjo, who insisted on a postponement of the wedding, for spiritual reasons; and even went to court to make good her intention. But this was not to be, as the wedding went on as planned;as her case was thrown out, perhaps due to the status of the couple’s individual fathers, former President Olusegun Obasanjo and billionaire businessman, Chief Kessington Adebutu, popularly known as Baba Ijebu.
The wedding came and held as usual, but what transpired shortly after the reception still leaves much to be desired, as the groom, Olujonwo Obasanjo,allegedly suddenly disappeared into thin air for five consecutive days, apparently avoiding an already-planned honeymoon with his beautiful bride, Temitope Adebutu (now Mrs. Temitope Obasanjo.)
It was as if the young Obasanjo was trying to play the script of his mother, who had initially kicked against the wedding of her son to Baba Ijebu’s daughter. We gathered from a very close source that Jonwo, no sooner than the rites of the marriage were concluded on May 13, than he was said scampered out of the venue for an undisclosed place, which later turned out to be the posh Inter Continental Hotel, Victoria Island, Lagos, where he spent good five days, allegedly in the comfort of other women. While in the hotel, Jonwo was said to have switched off all his phones to avoid any communication with his immediate family and possibly those of his new wife, who were everywhere looking frantically for him, in anticipation of the planned honeymoon.
This so much angered the bride’s family, especially the bride’s father, who obviously felt embarrassed and ridiculed by the shoddy behavior of his new son-in-law. But the situation was quelled when after five days of disappearance, Jonwo suddenly showed up with no plausible reason for his disappearing act, and the two are now said to be in Monaco (France) for a two-week honeymoon, well over a month after their roller-coaster wedding. Son of Chief Olusegun Obasanjo and the daughter of billionaire mogul behind Premier lotto, Sir Kessington Adebutu, are having the time of their lives in the fun island of Monaco.
Insiders revealed this much that the couple left a few days ago, and planned to spend two weeks in Monaco to catch their breaths and know each other more. “They are at Monte Carlo Beach Hotel,” an insider divulged. News of the postponement of their honeymoon reached us a week ago with sources claiming that they were planning a July trip to the United Kingdom because of their busy schedules. But at the last minute, they opted for the Monaco trip. The wedding of Baba Iyabo’s son and Baba Ijebu’s daughter was loudly announced with controversy. The mother of the groom (Mrs. Taiwo Obasanjo) had sought postponement in court and written the Methodist Church to this effect. But the wedlock went ahead without hitches. The Thursday, May 11, traditional engagement at Balmoral Hall, on the grounds of Federal Palace Hotel on Ahmadu Bello Way, Victoria Island (Lagos), was as colourful as it was lavish; while the holy solemnization held on Saturday, May 13, at the Methodist Church of the Trinity and the reception followed at the Convention Centre of Eko Hotel. Introduced by Chief Kenny Martins, the goom’s mother’s twin brother, the lovebirds staged a high-octane nuptial, courtesy of their wealthy and influential parents. And in no time the controversies became history as the groom’s mother admitted much later in an interview that she has forgiven all. While Olujonwo works in one of his father’s many companies in Abeokuta (Ogun state), Temitope is a magistrate with the Ogun State government. What will however remain topical is how the groom, Jonwo, would just decide to stage such a disappearing act few hours after he was joined to his wife.
SOURCE : UrbanLife
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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