Business
”Nyesom Wike is Irresponsible, rupugant and Contemptuous” – Rotimi Amaechi replies
On sunday, Gov. of Rivers state, Nyesom Wike accused Minister of Transportation, Rotimi Amaechi of funding APC with a whooping $150,000 within days.
This was a serious allegation because it awkward for a Minister to have stolen such a big amount.
Therefore, reacting to this, Rotimi Amaechi released a press statement.
Read the press statement below..
Sadly, on Sunday, February 7, 2016, Nyesom Wike, the governor of Rivers State in furtherance of his administration’s one-point agenda, yet again, continued his grossly irresponsible, repugnant and contemptuous, albeit, feckless mission of denigrating and disparaging the person and office of the immediate past governor of the state, Rt. Hon. Chibuike Rotimi Amaechi, who is now the minister of transportation.
The ‘story-story’ this time is about another phantom $150,000,000(One Hundred and Fifty Million Dollars) that Amaechi purportedly stole from Rivers State government coffers and siphoned to his party, the All Progressives Congress(APC) within eighteen days, from December 1 to 18 of 2014. Sadly again, Wike picked a church, a sacred temple of God to tell his new imaginary tale, another bogus, fallacious concoction.
This new scurrilous fabrication by Governor Wike is in sync with the one-point agenda of the Wike administration, which is to throw as much mud as possible at former governor Amaechi, hoping that some may at least stick. All sorts of spurious stories about alleged corruption and stealing of state funds against the Amaechi administration, have been bandied in the media with no attempt to substantiate or prove these distorted false claims that completely makes nonsense of common sense.
Even, when Amaechi challenged the Wike administration and its agents to use any constitutionally available legal process or procedure to prove their jaundice, deceitful allegations against him and his administration, they have rather elected to do their own corruption probe, trial and conviction in the media; and now, even inside our solemn places of worship (churches). How callous! Why would a government be so determined to desecrate and destroy every institution, all in the name of playing politics?
It continues to baffle us, like most right-thinking Nigerians that Governor Wike will stand in a church- a solemn place of worship- and carelessly, brusquely tell such a profound lie. He condescendingly descended to falsely and indecorously shout corruption against Amaechi, without providing a single shred of evidence to back his claims. How pathetic!
Pray, Governor Wike, who collected the $150million on behalf of APC? From which State Government account(s) was the $150million taken from? How was the $150million taken and given to APC? Was it by wired transfer from Rivers State government account(s) to APC account(s)? So many questions, if Wike had attempted to answer, would have made nonsense of his supercilious allegations.
Rivers people and Nigerians are indeed sick and tired of this old worn-out trick of Governor Wike to hoodwink and distract Rivers people from the real issues. Making a new spurious allegation of corruption against Amaechi every day, will not make Rivers people forget that most of the beautiful, working institutions built by the Amaechi administration are now been allowed to rot away in spite of the billions of naira that had accrued to the State and the billions of naira borrowed by Wike. Rivers people want to know why weeds and grasses have taken over the beautiful schools built by Amaechi? Why the standard working health facilities Amaechi built and left behind are now looking desolate and abandoned? Rivers people are concerned and worried that crime and criminals are back and have taken over. No quantum of mudslinging and attempt to disparage the inspiring legacies of the Amaechi years in Rivers State would distract Rivers people from these issues.
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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