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Obasanjo is Ignorant of Biafra, Biafra can never die – MASSOB replies Obasanjo

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The Movement for the Actualisation of the Sovereign State of Biafra, on Monday, told former President Olusegun Obasanjo that “Biafra is not dead and will never die”.

Obasanjo, while presenting a paper entitled: “Resurgent Biafra Agitation: Born in Error, Ignorance and Frustration,” at a public discussion on Biafra, organised by Nextier Advisory in Abuja, on January 15, had said Biafra was a dead issue.

The former president dismissed the current agitation for the resurrection of the Biafra secessionist agenda as a hopeless and futile exercise.

Advising Nigerians, especially the people of the South-East, not to take the pro-Biafra agitators seriously, Obasanjo said, “No right-thinking person who has experienced the horror of war will ever agitate for more war.

“Nigeria cannot afford to go from Boko Haram insurgency to any other insurgency under any guise.

“And on no account should we wittingly or unwittingly allow this to happen again.”

However, reacting to Obasanjo’s comments, MASSOB, through its Director of Information, Comrade Samuel Edeson, said Biafra was not dead, and would never die.

In a statement made available to our correspondent in Enugu, the MASSOB spokesman noted that Obasanjo had tried to destroy the pro-Biafra group in the past, during his time as the country’s president.

Edeson boasted that the struggle for the actualization of Biafra survived, despite persecution masterminded by Obasanjo’s administration, including the killing of about 1000 MASSOB members at Umulolo, Okigwe, in Imo State, on March 29, 2003.

According to Edeson, several MASSOB members lost their lives when Obasanjo ordered a clampdown on the group, then led by Ralph Uwazuruike, who was eventually incarcerated, and released after a long period in prison custody.

He said the pro-Biafra group would drag Obasanjo to the International Criminal Court for the alleged killings.

Edeson said, “MASSOB wishes to reply Obasanjo that Biafra is not dead and will never die.

“Obasanjo should have known that after killing over 1000 MASSOB members at Umulolo, Okigwe, in Imo State on March 29, 2003, which he masterminded through Achike Udenwa, then governor of Imo State.

“The killing of MASSOB members in Onitsha, Anambra State in 2006/2007, and detention of MASSOB members in various prisons in Nigeria has not stopped our agitation.”

Edeson alleged that Obasanjo attempted to bribe MASSOB leaders with ‘bag of money’ to forget the struggle for the resurrection of Biafra.

He said the MASSOB leaders, at an alleged meeting with Obasanjo in the Presidential Villa, Abuja, rejected the said bribe, which he said was cash in Ghana-must-go bag.

“In 2006 while Uwazuruike was in Keffi prison, Obasanjo invited us to Aso Rock where he promised us millions of naira and to send us out of the country.

“Ghana-must-go bag of money just for us to forget Uwazuruike to die in prison.

“But we rejected the offer,” Edeson said.

Obasanjo had expressed sadness that the Biafra agitation has also become an industry for those looking for money by hook or by crook, particularly from sympathisers abroad.

He equally described the commercialisation and exploitation of the Biafra agitation as obscene and criminal.

But Edeson noted that Uwazuruike, the former leader of MASSOB, was expelled from the group for “commercialising” the struggle.

Accusing Obasanjo of genocide and corruption, Edeson said the former president does not understand ‘Biafra’.

He said, “Yes it is true that Uwazuruike has commercialised the struggle and that is why we expelled him from MASSOB.

“Obasanjo is ignorant of Biafra.”

Meanwhile, MASSOB, and another pro-Biafra group, the Indigenous People of Biafra, have threatened to resume protests in cities and towns in the South-East and South-South, over the continued detention of IPOB leader, and Radio Biafra director, Nnamdi Kanu.

The threat, which was frowned at by state governments in the South-East, prompted police commands in the zone to beef up security around sensitive government facilities on Monday.

Source: Punch

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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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