Business
”I buried his grandmother on his behalf, i gave his mum N1m” -Oritsefemi Reveals,as he threatens to sue Ex-manager, Danku
Oritsefemi and his Ex-manager, Danku have been making headlines lately over issues ranging from Song promotion to Oritsefemi’s rise into prominence.
The manager claims that Oritsefemi is ungrateful. He said he brought him out of Ajegunle and made him know big names in the music industry.
He also said he promoted Oritsefemi’s hit single ‘Double Wahala” by himself.
On the other hand, Oritsefemi has come out to debunk his claims and explained how the ex-manager eloped with his 50,000 and one of his vehicle.
He explained a lot of things in fury and has also decided to sue him.
“During that period, my Instagram account was hacked and it was reactivated by one of D’banj’s friends, Harold. I gave Danku N50,000 to pay Harold but he did not pay and Harold did not grant me access to my account. At first, Danku did not tell me that he did not pay the guy, instead he said that my Instagram account had expired and I was marvelled. I got Harold’s number and he told me he was never paid. I called Danku to ask why he did not pay Harold, all of a sudden, he told me I should never call him in my life and if I tried it, he would place a curse on me. He said my problem was too much and he didn’t want to have anything to do with me.
“I had to involve D’banj who helped us to settle the problem with Harold. I told Danku I would understand if he wanted to be left alone but he should return my money and car but he refused. I have decided to sue him.”
“I placed my mother on a monthly salary but I empowered his mother’s business with N1m. She is into a business where she needs boats and I bought her two other boats with the one she had before. When his grandmother died, I spent a lot of money to bury her on his behalf. All these his family members know.”
“He said he brought me out of the slums of Ajegunle but I met him in 2014 through a mutual friend who owns Cash Entertainment. He is a big liar to say he used to give me money. He has never given me any money in his life. He knows me especially when I was in Ikeja; boys in the area know how I give people money. I am not a stingy person. I started making money since I was a young boy and my people in Ajegunle know me. I have housed so many boys in Ajegunle so how would he say he used to give me money? I knew him after I released my song, ‘Double Wahala’. It is a blatant lie for him to say he promoted the hit song. I introduced him to so many television stations because I allowed him to represent me. If he says he was the one that promoted ‘Double Wahala’ for me, was he the one that helped me to promote the song, ‘Mercies of the Lord? I did not know him till 2014 to show that he is a liar.”
“This year would mark my 25th year as a singer; I started from Sunday Rendezvous in 1996. The first multinational show that I performed at was Benson and Hedges golden show. Where was Danku then? He has been dancing to my songs since he was a kid and he knows I am a legend in this country. He used to tell me all this and now, he tells people he brought me from the slum; this was someone I fed. I am going to sue Danku, his artiste, Rayce, and one HD who shot the video because they used my logo without my permission.
“I will arrest Danku and his mother as well and all the money I spent on him would be recouped. If they don’t arrest him, I will impound the boats because I was the one that bought them,” he said.
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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