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NDLEA Arrests 60 Suspects At Abuja Drug Party
NDLEA Arrests 60 Suspects At Abuja Drug Party
NDLEA– No fewer than 60 persons have been arrested by operatives of the National Drug Law Enforcement Agency during a drug party organised in the Federal Capital Territory on Friday.
The suspects that were arrested at the party, which was said to have been organised by one Stanley Ikechukwu, comprised 25 males and 35 females.
A statement on Sunday by the NDLEA’s spokesperson, Femi Babafemi, noted that at least six suspects were arrested at the venue with different drugs
The statement read in part, “In Abuja, NDLEA operatives on Friday night disrupted a drug party dubbed ‘Go hard or Go Home. Pick Your Poison,’ where 60 suspects comprising 25 males and 35 females were arrested at an apartment in Sun City estate in the Federal Capital Territory. The raid followed credible intelligence about the drug party organised by one Stanley Ikechukwu who was arrested at the venue.
“At least six of the suspects: Victoria Adoga, Hamza Yari, Joanne Joy, Socchima Valentine, Jago Imole and Charles Indobuibisi were arrested with different quantities of ecstasy and cannabis.”
Babafemi said the Chairman of the anti-narcotics agency, Brig. Gen Buba Marwa (retd.) directed that 20 of the suspects who tested negative for drugs be released unconditionally.
He stated that 33 others who tested positive for illicit drugs were to be released on bail and would report at the agency’s FCT command on Monday to begin treatment and counselling.
Babafemi also said operatives of the agency intercepted 6,125 cartons of codeine worth N7.3 billion.
The statement added, “NDLEA has intercepted 6,125 cartons of codeine syrup containing 1,050,000 bottles of the opioid worth over N7,350,000,000 in street value, at the Port Harcourt Ports complex, Onne, Rivers State.
“The seizure made from six containers on Saturday, June 29, 2024, was the third of such in the past four weeks following credible intelligence and diligent tracking of the consignments from their ports of departure by a special operations unit of the NDLEA, which worked in partnership with the Port Harcourt Ports Command of the agency and other security agencies including the Customs Service for a 100 per cent joint examination of the targeted containers.
“At the end of the joint examination of the six containers, a total of 6,125 cartons containing 1,050,000 bottles of codeine syrup weighing 157,500 kilogrammes were recovered on Saturday.”
The NDLEA spokesperson also stated that its officers at the Murtala Muhammed International Airport in Lagos State arrested two passengers travelling to Doha on a Qatar Airways flight at the screening point of terminal 2 after they tested positive for ingestion of illicit substances on June 21, 2024.
“The suspects – Aikhomoun Daniel (alias Oladapo Olanrewaju) and Ayigoro Waheed Omobolaji were thereafter taken into observatory custody.
While Daniel excreted a total of 90 wraps of cocaine weighing 1.022kg in six excretions, Ayigoro discharged 60 wraps of the same Class A substance with a total weight of 662 grams in five egestion,” the statement added.
Babafemi said further investigation revealed that Daniel stole the identity of his late uncle who was once based in Germany, to get a Schengen visa to enable him free access to Europe, while his real name is Oladapo Olanrewaju.
He added, “No less than 40.32kg of Loud, an imported strong strain of cannabis was on Friday 28th June recovered in a black Toyota Tacoma truck along Lekki-Ikoyi road when the driver jumped off the vehicle after noticing that NDLEA operatives were on his trail.”
In Edo State, Babafemi said four suspects were arrested in a deep forest where they cultivated cannabis, saying, “No fewer than four suspects: Endurance Okon, 24; Joseph Michael, 23; Ovoco Bright, 43; and Goday Abanum, 23, were arrested in the deep forest of Ugun, Igueben LGA, Edo State on Saturday 29th June when NDLEA operatives raided and destroyed 18,632.22 kg of cannabis.”
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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