Business
Market women Exposed the many Atrocities of Iyaloja General of Lagos + pockets the association’s N50million largesse from APC – beats up men and women old enough to be her parents + modus operandi revealed
If feelers reaching us are anything to go by, then Folashade Tinubu-Ojo, the Iyaloja general, has fallen short of expectations from all members of the Market Men and Women Association in Lagos.
It should be recalled that Folashade Tinubu-Ojo, daughter of the All Progressive Congress (APC)’s stalwart, Asiwaju Bola Ahmad Tinubu (Jagaban) became the Iyaloja general following the demise of her grandmother and predecessor, Alhaja Abibatu Mogaji.
However, it appears that there has been General dissatisfaction over the way she runs things and has been tagged a tyrant and oppressor by some of the market traders. She equally has been accused of being corrupt and act wickedly irrespective of whose ox is gored. Recently she was accused of sending some of her dreadful thugs to beat up the Babaloja mercilessly over his complaints on the deteriorating condition of the association that is at the brink of collapse under her oppressive rule. As if that was not enough, at another instance; she sent her thugs to also beat up the Iyaloja of mile12, Alhaja Iyabowale.
“These are some of the injustice and oppression we have been facing in the hands of Folashade Tinubu-Ojo”, says our source who begged for anonymity. “It is devastating as the center could no longer hold due to her harsh and unthoughtful leadership. Alhaja Abibatu Mogaji was a direct opposite of Folashade . Mama was really a mother and a goddess of a kind to everyone. She held the markets in the whole of Lagos in unity and was loved by all and sundry. She was always there for us and did not condone corruption. She loved transparency and would present things the way it is supposed to be. Unlike our mother as marketers fondly call her, Folashade the present Iyaloja general swims in corruption. She had collected money from most of the Ibo people in the markets and yank off posts from the authentic owners who are mostly Yorubas”.
According to our reliable source, she was collecting around 2.5 Million to 5 Million Naira from respective posts. The source continued “Gradually she has dominated all the important posts in the markets with the Ibo guys that have money to buy them. Some of the prominent members of the association like the Iyalaje general Lagos state, Alhaja Balikis Oluwatoyin Afolabi; the Iyaloja of mile 12 Alhaja Iyabowale and Iyaloja of Owolowo, Alhaja Idiat Olasunbo had on different occasions went to Folashade to complain on the unjust treatment meted out to the Babaloja and her habit of deposing the authentic owners of posts to give to the Ibo guys for huge money in return amongst other acts of atrocity and oppression. Instead of trying to turn a new leaf, she puts all those people in her black book”.
Other sources further revealed that many people are terrorized. In fact we heard that at any meeting at the state secretariat at 10, sunday Adigun st.off kaffi street Alausa-Ikeja, Lagos; she would harass people and even send some members out for no cogent reason. Some members even go to Sunday Adigun with escorts to protect themselves because no one could tell Folashade’s next line of action.
“When the All Progressives Congress gave out the whopping sum of 50 Million Naira to mobilize the market men and women, the Iyaloja general sat over the whole money. During campaign, Asiwaju Bola Ahmed Tinubu, her father noticed there was no support from the market people and called us. The matter was related to him, he begged us and gave us 10 Million Naira before we left his house and we shared the money between all the quarters without grudges from anyone. Upon that, Folashade called us thieves and insulted us like babies not even minding our age and status. Folashade Ojo loves money to a fault” claimed our source.
“When we tried to pick a new venue for our meeting, Asiwaju gave us land; we made a fence and bought blocks to develop the new site. She sent her hoodlums; they came and damaged our fence. They vandalized everything including all the blocks and the chairs we use at the venue. Severally, she had been reported to her father who is now fed up with her irrational behavior and does not actually know what to do to her. The case was at a time reported to the Oba of Ikeja and presently been taken to the Oba of Lagos who sent for her and spoke seriously to her on a faithful Sunday when she came to the palace with her full supporters dressed in the same attire with the inscription “Iyaloja general, Adunni Folashade. Either she would change or not, nobody knows”.
“All we pray for is that God should not allow Adunni Folashade Ojo to break up the association that her grandmother toiled to keep as one”…
Sahara Weekly contacted the Iyaloja for her own side of the story but claimed she is busy at the moment.
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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