Business
How Dogara gave Lawmakers a bribe of $25,000 each to support his leadership – Jibrin reveals
A former Chairman, House Committee on Appropriation, Mr. Abdulmumin Jibrin, on Wednesday alleged that the Speaker, Mr. Yakubu Dogara, handed out $25,000 to lawmakers so that they could pass a vote of confidence on the speaker.
Jibrin claimed that Dogara opened a register at his Asokoro guest house where each member who signed was handed the cash.
Last week, he made a similar allegation against nine members of the House Committee on Appropriation, who disowned him. In the case of the appropriation committee lawmakers, Jibrin alleged that they took a bribe of $20,000 each.
Among those who disowned him were his former Deputy, Mr. Chris Azubuogu, who is still the deputy chairman of the committee.
The members all denied the allegation.
In the latest allegation, the former chairman claimed that the Chairman, House Committee on Basic Education, Mr. Zakari Mohammed, coordinated the disbursement of the cash to lawmakers.
He said Mohammed was assisted by the Chairman, Committee on Interior, Mr. Adams Jagaba, and the Deputy Chief of Staff to the speaker, Mr. Cyril Maduabum.
Jibrin, in a series of tweets on Wednesday, said he was ready for the investigation into his “budget padding” allegations against Dogara by the Economic and Financial Crimes Commission, the Independent Corrupt Practices and other Related Offences Commission and the police.
He denied that he was not being sponsored by external forces to destabilise the House.
Jibrin tweeted, “Fellow Nigerians, in a desperate attempt, corrupt Speaker Dogara and the three others have opened a register for a vote of confidence signature.
“The register is opened at his Asokoro guest house located at Wilberforce Juta Crescent. Hon. members are given $25,000 to sign.
“This disgraceful act is coordinated by Hon. Zakari Mohammed, Hon. Jagaba Adams Jagaba and DCoS to Mr. Speaker, Hon. CID Maduabum.”
“Investigation by anti-graft agencies is already on and I pledge to support the investigation and prosecution of these corrupt public officers.
“I am also obliged to respond to some allegations that I am sponsored by some external forces to destabilise the House of Representatives.”
“No external forces in this matter; if there are any, they deserve commendation for sponsoring a struggle to wipe out corruption in the House.”
Jibrin added that he expected the four officers to resort to religious “blackmail” against him soon.
Reacting, Dogara’s deputy chief of staff, Maduabum, dismissed Jibrin’s latest allegation, saying that it was beginning to follow a pattern.
He stated, “The disgraced Hon. Abdulmumin has once again accused me of being involved in coordinating the distribution of $25,000 to various members in the House of Representatives Zonal Caucus in order to support the Hon. Speaker, Rt. Hon. Dogara Yakubu.
“It is true that he loves mentioning my name, but is he so unintelligent not to notice a pattern. Hon. (Nkem) Abonta disagrees with him on national television, he immediately adds his name in a petition to the EFCC; Hon. (Adams) Jagaba grants an interview against him, he adds his name in the charge sheet which he carries about.
“The Appropriation Committee members disowned him, he immediately alleges inducement of $20,000; the whole House rises against him, then immediately everyone is given $25,000 USD each.
“Can he not see that no one needs to be induced when he is on a one-man riot squad to denigrate all members of the House and pull down the institution of the National Assembly?
Maduabum said Dogara was a “democrat” and an “incorruptible Nigerian,” who would not do any of the acts Jibrin accused him of committing.
However, Mohammed, a former Chairman, House Committee on Media and Public Affairs in the 7th Assembly, denied Jibrin’s $25,000 allegation.
Mohammed also described the allegation as “cheap blackmail” and another “tales by moonlight.”
He stated, “I want to state that the accusation is not only untrue but it is another tales by moonlight to hoodwink Nigerians to malign my image.
“Fellow countrymen, please disregard this cheap blackmail aimed at playing to the gallery. I challenge Mr. Jibrin to name at least 10 members or less, who benefited from the bribe.
“My advice to Mr. Jibrin is that he should stop the mud-slinging of my person and concentrate on licking his self-inflicted wounds.”
Meanwhile, the secretariat of the appropriation committee remained shut on Wednesday, the fifth day running.
The Department of State Services operatives still guarded the office, denying members of staff access into the place.
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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