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My Reasons For Edo’s Head Of Service Sacks- Oshiomhole

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Adams-Oshiomhole
Governor Adams Oshiomhole of Edo State said he asked the immediate past Head of Service of the State, Jerry Obazele, to proceed on compulsory retirement over gross negligence tending towards fraud.
Speaking during the swearing-in of the New Head of Service of the State, Gladys Idahor, at the Government House, Benin City, yesterday, Mr. Oshiomhole said, “I am a defender of jobs. I believe experience is a value to be celebrated, not to be punished. But I have had to arrive at the painful conclusion that Obazele had to be relieved of his services because not only did he fail to provide leadership, he also conducted himself in a way that would have led me to approve of a fraudulent claim for pensioners.
“He was appointed according to my judgment and I accept responsibility for my poor sense of judgment but I also have the courage to correct my mistakes once I discovered it was a mistake.
“The responsibility of a Head of Service is to be a superintendent over the Civil service. There are many of our senior citizens who had retired from service from as far back as 1999, some even under the military and by the time I assumed office, many of these senior citizens had not received their gratuity for over a period of 12, 13 years.
The situation was compounded by the thousands of workers that were retrenched by a former PDP government between 2000 and 2001 and all of those people were not paid their gratuity.
“There is no worst crime to a working man or woman than to deny him his deferred wage which we call gratuity which is meant to be paid at the point of disengagement so he can use the money to establish and face the rigors and reality of retirement.
“We tried to deal with this problem from inception. First, I gave a standing instruction to the Accountant General that pensioners must be paid exactly the same day as the current Civil Servants. It is not that we pay them if there is something left because at the end of the day, nothing will be left when you pay for every other thing. You must give priority accordingly.
“Two months ago, I called the Head of Service and I said, I am looking forward to the end of my tenure. When I say I want to finish strong and finish well, it is not only in the area of physical infrastructure, but I also want to deal with the social sector. I want to look for money and pay a chunk of money to these pensioners so that we can reduce the waiting time.
“So I asked him, do you have the numbers and the cost and he said yes and I told him, let me have the documents. He produced a document which detailed the number of pensioners year-by-year and the amount required year by year.
“No more gratuity based on who you know, it is batch by batch depending on when you retired. So I saw from the records that Obazele gave me that we have paid up to 2010. We have paid many people who retired in 2010 and according to the document, we had 130 persons who retired in 2010 who have not been paid and we had some other persons in 2011, 2012, 2013 and 2014.
“These numbers were stated clearly and he also stated clearly to me how much we required to pay for each year. For 2010, the figure was N175 million to settle the 130 persons. I said, OK, you let me have the names of these 130 persons for 2010 and the names of those who retired in 2011 through 2014 and the amount. The date of the retirement, the day of employment, the total number of years served which is the basis of calculating gratuity.
“One week passed, two weeks and by the 3rd week, I was watching news and I saw pensioners protesting but I had given instructions three weeks earlier that I want to pay these pensioners but I needed the details to do it.
“I told my secretary to call the Head of Service to submit all the details by 11am the next day since he already has the summary so we could start the process of payment. He should come also with the Pension Board Members and all the documents that have to do with pension payments.
“At 11am, they were in my office and they gave me a voluminous document. Just looking at it straight, I tried to look at 2010. Whereas the first document that was given says 130 pensioners have gratuity pending, the total value of which was N175 million, the new document shows 2010 that we have 377 people and we now need N490 million to pay them. For 2011, 2012, 2013, all the figures had changed.
“So I said, I don’t know all the details but 2010, I remember asking you, and you said many have been paid and that only 130 is the number left. So how has this number increased by 300% to 377? Obazele you are an Accountant, you have been Auditor-General, you have been Accountant-General, Permanent Secretary and now Head of Service. You more than me should be at home with figures, how do you explain this?
“The first thing he said was that, you know maybe they changed the mode of calculations. Maybe they are looking at when the papers were prepared rather than when people retired so I said, whatever formula you used, the number must remain the same. The total cost will not change. The only possibility of the numbers changing is if you have doctored the documents.
“In any case, the first document was given to me by you, prepared by ICT and this one you are giving me is also prepared by the same unit. Why should differences occur? If two people use different formula, I can understand.
This is the same source and then he said, ‘oh, I didn’t actually look at the documents’. I said, you didn’t look at the documents you brought to me?
“The document, four persons signed: Accountant and DFA Pension Board signed, Secretary Pension Board signed, Director, ICT Software signed, Permanent Secretary, ICT signed, four signatories .Now, if I hadn’t remembered what they gave me before, seeing four signatories, I would have approved it and the numbers had changed radically.
“Now, the simple thing was that in the past, when they bring this document, I normally minute it to the ICT to crosscheck. So now, they got ICT person to sign so that I have no escape route but trust, there was an escape route and I could see through it. So I called the Director of SSS to send me security officers to the pensions board to retrieve all the files so we could prepare fresh documents that would form the basis to pay those pensioners.
“As a result, my hope and determination to pay those pensioners before my 7th year anniversary was dashed. You see, I had the will, I had looked for the money but somebody in the Civil service compromised my intention by falsifying numbers. That is Civil Servants inhumanity to Civil Servants.

“We had to appoint a new audit firm and they have shown something that will shock you that in the Pensions Board, they prepared for 1 person, 2 pensions with 2 original documents. Same date of birth, same salary, everything same, but two original vouchers. So whereas the real man is old and dying, those that the government has put in place to prepare their pension are busy feasting on the lives of these senior citizens.
“We are disbanding the Pensions Board because they have lived on fraud. Now we are reviewing and re organizing even the ICT, clean it up and ensure we have responsible and competent people with character to man it.
“I believe and I am determined that before Christmas, not later than next week, we will do everything possible to commence the process of paying many of these pensioners whose records have been cleaned up.
“This is the reason I had to take the painful decision of relieving the former Head of Service of his job and in searching for replacement. I know a lady who had managed, easily the most difficult ministry and under whom we have sanitized the ministry of education.
“So I believe that Mrs. Idahor possesses not just the qualification and experience but also the boldness and I know that the service will be in very good hands.”
The governor explained that his decision was taken to protect the interest of the Pensioners and Edo taxpayers and does not have any ethnic or religious colouration.
In her response, the new Head of Service, Mrs. Idahor said, “I want to appreciate the Comrade Governor for finding me worthy of this elevation to the position of Head of Service.
“I want to assure you sir, that the trust and confidence you have reposed in me by this elevation will not be betrayed.
“I’m not unaware of the challenges facing the Civil Service but I want to believe they are not insurmountable. I promise, with God helping me, to re-orientate, reinvigorate and re-organise the public Service for better performance realizing that the Civil service is the engine room of the government.”

Source: Premium Times

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Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

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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.

 

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

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Alpha Morgan to Host 19th Economic Review Webinar

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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.

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GTBank Launches Quick Airtime Loan at 2.95%

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GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion

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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