Business
How Goodluck Jonathan requested for Olisa Metuh’s corporate account to deposit money’ – Witness reveals
The defence of the embattled Peoples Democratic Party, PDP, spokesman has finally commenced at an Abuja Federal High Court with the presentation of it’s first witness.
The defence witness, Ike Abonyi, a journalist and Public Relations Consultant with a 28-years working experience in his testimony informed the court how former President, Goodluck Jonathan demanded for a corporate account from Metuh which some amount was paid into.
Abonyi said, “the President told Metuh to bring a corporate account to him for immediate mobilization.”
“I’m aware as a journalist that funding of publicity comes from the leader of the party mainly.”
He said Metuh had engaged him and his services and that of a Public Relations consultant called CNC connect to repackage the image of the party.
Abonyi said, “Metuh called me to work with him when he won the election to occupy the position of the National Publicity Secretary of the PDP, saying his new position has to do with the media and he had no knowledge of the media.
“In a bid to repackage the image of PDP, Metuh informed me that he would be engaging the services of a consultancy firm called CNC connect and together we made presentation to Jonathan.
”CNC had worked with former Chairman of the party, Ekewesileze Nwodo but had to withdraw their services because they are being owned by the party.
“Metuh, however told me that he had appealed to CNC connect that they would work with him due to their good job. He appealed to CNC connect that he would want them to continue where Nwodo stopped.
They said they were willing to return but the party was owing them and this, Metuh agreed to push their case.
“Following their presentation in a meeting, Metuh promised to meet them but at that time, there was no resources to engage them but we promised to get funds from the party.
“Eventually, the general election was fast approaching and Metuh approached me as the Executive Director of New Telegraph and requested he would need my full services this time, saying he would like if I can come in and work as a consultant to help him on the new challenge of improving the image of the party which was in bad shape and by virtue of his position all eyes were on him to come up with strategies ahead of the upcoming general election.
“When I joined him, Metuh told me that CNC connect will be needed and my response was CNC connect was too expensive as we can deal with other Public Relations firm but he insisted on CNC as the assignment was enormous and would rather go for the best.
When I told him of funding, he said the general election was coming and the lack of fund in his department will soon be a thing of the past as the leader of the party will have no choice but to fund the party.
“Even when I tried to lure Metuh out of CNC connect, he reminded me that he had made a commitment and would not go out of it. We eventually called CNC connect to join the team of journalists, where he informed us that he had been given an assignment by the leader of the party, former President, Goodluck Jonathan to come up with strategy that would help the party win the forthcoming election.
“Metuh told us that the assignment given to him was also given to some other professionals and we should see it as a challenge and make sure that our own strategy prevails. The team anchored by CNC connect with PDP began the strategies meeting with Metuh presiding over most of the meetings. We all agreed that he had a good product to offer, but Metuh said we should wait for clearance from the Presidential villa for Presentation.
“One afternoon, he called me that he had just received a call from the National Chairman of the party that the President would be ready for presentation that night and all those involved were resident in Abuja except the Managing Director of CNC connect whom I called to take the next available flight for the presentation.
Because he was already expecting the presentation, he took the next available flight to Abuja. Because he was coming in from Lagos, other members of the team went in one vehicle while Metuh carried the Managing Director of CNC in his vehicle.
Upon arrival at the villa, only Metuh’s car was allowed to enter but they waited for us at the clearance point where we were ushered to a waiting room where Metuh left and entered another room and 15 minutes later, Metuh ushered us into a large parlour with the President, vice Senate President , National Chairman of the party, former governor of Cross River state, Liyel Imoke and some media aides including Reuben Abati all seated.
“When we entered, the MD of CNC connect was the first to speak from our team, after the presentation, the President requested for comments from the team which he later said were too hard on him, adding that he himself was not helping the matter with the way he was acting.
“At a point, Reuben Abati who saw our presentation as an indictment on him told the President that the situation was not bad as we portrayed but was overruled. After the presentation, the President requested comments from those seated.
Peter Obi urged the president to mobilise our team before the commencement of the campaign, if not it would be difficult to win the election giving the difficult situation of the government at that time.
Following Obi’s comment, the President advised that all others that did presentation that night should collapse into Metuh’s team. At that point, the President commended Metuh but said the real job was out there.
” President told him to bring a corporate account to him for immediate mobilisation.”
“I’m aware as a journalist that funding of publicity comes from the leader of the party mainly.”
“After our presentation, we returned to our homes waiting to hear from Metuh on the outcome. One afternoon he told us that work will now start that the president said he should check his bank account that some money had been disbursed for the job.”
Cross examination is still in progress.
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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