Business
N200 Billion OmegaPro Scam: Why Top Nigerian MLM Diamonds Should Refund Commissions-Ope Banwo
N200 Billion OmegaPro Scam: Why Top Nigerian MLM Diamonds Should Refund Commissions-Ope Banwo
Dr. Ope Banwo, the Coordinating Attorney, Omegapro Action Nigeria (OPANI), has shade light on why promoters and agents of a N200 billion fraud allegedly perpetrated by Omegapro Forex and Investment Trading Company must refund part or all of the commissions they received.
OPANI is a group made up of Nigerian investors whose funds remain stuck in the scam.
Banwo alleged that top leader MLM Diamonds such as Daniel Onoja, Tomiwa Orunnipin, Samuel Ajibare, and Leo Bonaventure among others deliberately lured Nigerian investors into investing in what has now been discovered to be a Ponzi scheme.
In a rival video, the Coordinating Attorney for OPANI, explained the first line of recovery of funds lost by investors, adding that it starts with those who championed the scam in Nigeria, including promoters and agents such as Grace Udenwa Udoye, Wuraola Fadairo Orunupin, Olasebikan Oladapo, Maryann Ilorah, Chinwe Ikpe, Ajibare Olushola Ebunoluwa, Dotun Fatoyinbo, Dr. Afoma Nwolisa, and Matthew Ogunmodede.
He added that OPANI hopes to recover some or all of the investments lost to OmegaPro owners, their agents, endorsers, collaborators, and marketers who profited the most from the scam in collecting commissions from signing up unsuspecting members of the public.
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“I continue to affirm that we are NOT focusing on the leaders alone and leaving out influencers, Dubai royals, owners of the company, etc…. but charity MUST begin at home with good faith effort by those who led us into this in the first place.
“It is not a punishment or a vendetta. Refunding some of the commissions is only the fair, just, humane, and classy thing to do,” Banwo said.
Speaking further, he added that OPANI will soon seek other legal and police actions on the issue, explaining thus, “Charity begins at home and those who have profited the most from the scam in collecting commissions from signing up unsuspecting members of the public NEED to refund part of the income earned and then help us go after the other nine action points.”
Emphasizing that topmost leaders and diamonds in OmegaPro Nigeria, cannot be allowed to keep proceeds of a scam, Banwo noted that a dummy was sold to over 250,000 Nigerians and over 5 million people worldwide.
According to him, the fraudulent forex trading scheme has had devastating global consequences, resulting in financial losses exceeding $100 billion worldwide and N200 billion in Nigeria alone, while pointing out that it has left victims in over 70 countries, Including rich and poor, widows and retirees, grappling with the aftermath of shattered dreams and stolen investments.
“Some of these top promoters collected a 10 per cent commission from OmegaPro as finders fee from the investment of every unsuspecting investor they referred to the scheme by selling it as a forex trading company.
“At the height of what has now proven to be a mega scam, several of these top agents and promoters earned over $50,000 weekly as finders’ fee, they collected commissions from 1000s of unsuspecting Nigerians whom they kept leading to believe that OmegaPro was a legit Forex Trading Company. They have to refund this money.”
In 2022, OmegaPro was introduced into Nigeria with great fanfare and personal testimonials of their credibility by the likes of Onoja, Orunnipin, Ajibare, and other top-level MLM leaders despite the owners of the Dubai-based company having a documented history of previous involvements and indictments in several Ponzi MLM schemes where investors lost billions of Dollars.
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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