Business
MOTHER OF JUMOKE, ‘YORUBA NATION’ RALLY VICTIM GETS HELP FROM SANWO-OLU
MOTHER OF JUMOKE, ‘YORUBA NATION’ RALLY VICTIM GETS HELP FROM SANWO-OLU
•Governor relocates victim’s mother, sisters to two-bedroom apartment with N1m gift
•‘I thank government for remembering me, my children, God will bless Governor Sanwo-Olu’- deceased mother
Lagos State Governor, Mr. Babajide Sanwo-Olu has provided a furnished two-bedroom apartment for members of a family of four who lost their first child, Jumoke Oyeleke, to a stray bullet during the Yoruba Nation rally held at Ojota, Lagos on Saturday, July 3, 2021.
Governor Sanwo-Olu also presented a cheque of N1million in addition to the furnished apartment to the deceased mother, Mrs. Ifeoluwa Oyeleke and his three children to make the family comfortable.
It would be recalled that Jumoke Oyeleke, a 25-year-old Shop Attendant, was allegedly killed on July 3, 2021 at Ojota area of Lagos during a Yoruba Nation Rally.
Four months after the ugly incident that claimed the life of Jumoke Oyeleke, Governor Sanwo-Olu in his kind gesture relocated the family from a shanty at 59A, Bayo Osinowo Street, Ogudu, Ojota area where Mrs. Oyeleke was living with his deceased daughter before the ugly incident to a two-bedroom apartment in Ikorodu area of Lagos.
Governor Sanwo-Olu, who was represented by his Senior Special Assistant on Administration, Mrs. Titi Oshodi, while handing over keys to a two-bedroom flat accommodation at Irawo area in Ikorodu and N1 million cheque to the Oyelekes for them to experience a new lease of life, said the new apartment was to alleviate the family’s immediate need.
She said: “Since the time of the incident, we have been following up with her state and we have been to her initial place of abode. Immediately the incident happened, we started to follow up with her to find out how she was doing, especially economically and Governor Babajide Sanwo-Olu in his compassionate nature has done this to ameliorate the family’s suffering as much as possible.
“It is not possible to bring back the dead, but the government is donating a two-bedroom apartment fully furnished to the family to make life easy, as much as possible, for those left behind. We believe this will help them ease into the next phase of life without stress.
“This was not planned but the government had to make quick arrangements in the interim. So this is a temporary arrangement for her to stay with her children, pursuing other actions going forward. The rent has been paid for three years in advance, and the kitchen is stocked with some foodstuff.
“The government will let us know when a proper and more formidable arrangement has been made for her but for now, what we have is because of the immediate need. The apartment is fitted with basic amenities to make life comfortable for the family. She would also get N1 million to start any business of her choice,” Mrs. Oshodi told journalists.
In her response, Mrs. Oyeleke, a domestic help, who engages in washing people’s clothes and sweeping compounds, thanked the Lagos State Government for the kind gesture, and prayed God to continually bless Governor Sanwo-Olu for remembering her.
The single mother of three children, who spoke in tears appealed to Governor Sanwo-Olu to assist her with permanent employment for her to be able to take adequate care of herself and the children.
She said: “Our former house was a rented apartment but we left because the house was sold to a developer and since I couldn’t afford another house, we moved to a shanty where we have been staying for about a year before Jumoke died. It was a church member who allowed us to stay in the shanty.
“I am a domestic hand. I help people wash clothes and clean their compound. My late daughter (Jumoke), who is my first child, was a sales girl. She was hit by a stray bullet while selling in her boss’ shop during the Yoruba Nation rally at Ojota.
”I thank the government for remembering me and my children. God will bless Governor Sanwo-Olu and what happened to me will not be his portion. God will grant his heart desires.
“I also want the government to help me find a profitable job so I can train my children properly. My children used to attend a private school but I enrolled them in a government school because I could no longer afford the fees of a private school.
“This new house is rented and I would not be able to afford the rent when the three years that was paid for expires, so I would love to be employed profitably. I will like to engage in buying and selling foodstuff with the N1 million I was given.”
Also speaking, Jumoke’s younger sister, Ayomide Adeeko, on behalf of the family thanked the Lagos State Government for the kind gesture and pleaded that her mother should be assisted to get a good job so she can train the remaining siblings properly.
“I thank the government for remembering us and doing us good. I pray God will bless governor Sanwo-Olu. I have finished secondary school and looking to attend a higher institution next year. I want the government to help my mother with a good job so she can train me and my two siblings well,” she pleaded.
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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