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‘My election was funded by Zenith Bank’ – Gov. Fayose reveals
Ekiti State Governor, Mr Ayodele Fayose has opened up on how his election was funded two years ago by the Zenith Bank Plc, fund raising, donations from friends and associates as well as sales of campaign souvenirs, saying;
“I have no financial transaction whatsoever with the Office of the National Security Adviser (ONSA) under Col Sambo Dasuki (rtd) and former Minister of State for Defence, Senator Musiliu Obanikoro either by cash, cheque or electronic transfer.”
In a statement signed by his Chief Press Secretary, Idowu Adelusi, the governor challenged the Economic and Financial Crimes Commission (EFCC) to publish statements made by Senator Musiliu Obanikoro, his son or any other person associated with money from the NSA office where they claimed they gave him money for the election, adding that “EFCC is only acting a movie scripted, produced and directed by the All Progressives Congress (APC) government of President Mohammadu Buhari just to silence me being a major opposition voice in the country.”
On the alleged involvement of President Buhari’s wife, Aisha Buhari in the Halliburton scam, the governor challenged the president’s wife to visit the United States of America to convince Nigerians that she was not the Aisha Buhari mentioned in the judgment, convicting William Jefferson. He said; “it is on record that the President has visited USA three times and his wife did not travel with him. Equally, she ought to have visited USA last year September to chair a United Nation programme but she sent wife of the Senate President, Mrs Toyin Saraki to represent her.”
The governor said; “the management of Zenith Bank, which majorly funded my election, called me to a meeting where I was assured that fund will be provided for my election. I was asked to nomine a trusted ally to be related with and I nominated Mr Abiodun Agbele.
“All the payments into Abiodun Agbele’s account domiciled in Zenith Bank were directly from Zenith Bank. In actual fact, the account was opened by Zenith Bank hurriedly at that time and Abiodun Agbele’s identity card which ought to have been collected before the account was opened was only collected last week in the bank’s desperation to perfect the account obviously after submitting to the intimidation and harassment of the EFCC.
“Most of the funds posted into Agbele’s account were through the Ibadan, Akure and Lagos branches of the Zenith Bank and sometimes; they brought cash. “Assuming but not conceding that cash moved from Lagos to Akure as being claimed by the EFCC in its usual manner of media trial, was meant for my election in Ekiti, why was the cash not moved to Ado Ekiti branch of Zenith Bank or the cash handed to me directly? Why was it deposited into Zenith Bank, Akure and did the bank make any report on the transaction to the appropriate authorities? Why did the bank send its bullion van to move the money from Akure Airport to their Akure branch if it was illegal money?
“I must say it categorically that I don’t have any link financially with Obanikoro and I know as a fact that he (Obanikoro) has not; and cannot mention my name, as beneficiary of whatever money any company in which he has interest could have gotten from the ONSA if truly Obanikoro collected money from the ONSA as being claimed by the EFCC.
“Therefore, bringing Obanikoro and his son’s narrative or that the Zenith Bank is telling different stories, having been blackmailed and coerced into submission by the EFCC is a joke that will not fly. “I wish to state further that if it becomes evidently clear that those who willingly provided money for my election can no longer stand by what did, may be because of threat from the EFCC, I will not hesitate to name names.”
The governor, who challenged the EFCC to also beam its searchlights on the funding of APC elections, especially that of President Buhari, said; “Since we are now in the era in which financial assistance from Nigerians to fund elections is being criminalised, the international community, especially those funding EFCC must insist that the commission probes the funding of APC elections before further funds are released to the commission.
“Most importantly, Nigerians are interested in the $60 million allegedly donated to the APC campaign by Sahara Energy, on which EFCC has been forced to suspend investigation. He said it was obvious that he has become the main headache of President Buhari’s government, adding that; “what they are doing now is part of their grand plots to intimidate and harass me into submission but I am not someone that can be cowed by threats of incarceration and death.
“I advise that they should keep their gun pounder dry and wait till the end of my tenure in 2018 and I want to assure them that I will be available to answer any of their questions, no matter how unreasonable.
“Furthermore, Nigerians should know that I have been persecuted by the EFCC before, using phantom N1.2 billion poultry scam and I came out victorious. I was not only acquitted, I got N10 million judgment against the EFCC and my impeachment that was orchestrated by the EFCC was quashed by the Supreme Court.
“Nigerians should recall that it was part of this plot to get back at me because of my critical stance on Buhari’s government that the Ekiti State House of Assembly was invaded by men of the Department of State Service (DSS), placement of travel ban on me and lately, illegal frozen of my account by the EFCC. “I therefore make bold to state that in the overall interest of democracy and well-being of Nigerians, I will continue to speak my mind on issues bordering on governance in Nigeria. I will not be intimidated!”
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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