Business
OGUN LG Elections: ‘We will charge OGSIEC to court if the valid result signed by our agents isn’t released within the next 72hours’ – UPN
Unity Party of Nigeria has expressed it’s displeasure over the Local Government election which was conducted on Saturday,October 8, 2016. The party accused the Ogun state government of rigging the election in order to favour Governor Ibikunle Amosun’s plan to run for the senatorial sit in 2019, after he must have completed his term as the Governor of the state.
In a statement released by the Ogun state Chairman of the Party, Mrs Olufunmilayo Oginni, she described the act as barbaric and ridiculous and also accused the body in charge of elections in the state, OGSIEC of forming alliance with APC Government to rig the election.
In her words,
‘’We are sad and shocked to announce to the world that the Local Government election held on Saturday October 8, 2016 in Ogun state was obviously rigged by the governor of Ogun state, Senator Ibikunle Amosun and his political party, All Progressive Congress APC.
The governor, who wishes to contest for the senatorial seat in 2019, knows that if he loses at the Local government election, his ambition will be shattered. This made him to turn the election into shedding of blood of some of our members and also sent his political thugs to hijack ballot boxes in some parts of the state.
The election which the Ogun state Independent Electoral Commission OGSIEC under the leadership of one of the APC members, Alhaja Risikat Iyabo Ogunfemi had promised that the election will be free and fair. But reverse is the case because the OGSIEC failed to perform their basic duties and OGSIEC was part of the enemy use by the governor against our party, UPN.
It is ridiculous, barbaric and a thing that saddens the heart, that the commissioner of police who has promised us before the election that he will make sure the election is free and fair also allowed his boys (POLICEMEN) to be used as APC thugs in the election whereby our candidates are being assaulted, detained, beaten and shot by the police.
Security agencies whose responsibility is to protect voters were the one shooting continuously in other to create fear in the mind of voters so that when voters run away, they can have the opportunity to take the ballot box which is not meant to be so.
Also, our members were detained unlawfully by the police because they insisted that their votes must be counted in their presence. This is illegal and denial of our civil right.
Furthermore, our agents were not allowed to follow their votes to collations centers and were denied entry even where they managed to get to the collations centers, because they plan to add more votes for APC candidates secretly. These acts by OGSIEC nullify the election because it is the right of all agents to be with the ballot boxes until the election has been counted and signed by them.
This attitude of OGSIEC shows that they are not capable to conduct a free and fair election. They also denied our candidates and voters the right to know the result at each polling unit at the polling centres.
The result announced by OGSIEC chairman was written, because there is no recorded fact for all the result been announced. There are some parts where election did not hold, but result was later announced by OGSIEC. Where did the OGSIEC get the result they announce for those affected areas?
For example, it was announced that APC has 12,580 votes in Ogun waterside local government which was a big lie because there was no election materials in all the 112polling units and nobody voted in Ogun waterside. Where did OGSIEC get the result they announce?
The display by OGSIEC is civil and political rascality, this makes the October 8 election to be controversial, questionable, and very strange in the history of nascent democratic political history.
OUR DEMANDS
The Chairman of OGSIEC announced the result of the Chairmanship election on Sunday at OGSIEC secretariat, but it was so unfortunate that UPN was not included in the result announced. For this, we seek that the OGSIEC should include our name in the result even if we have only one vote. And we are also asking for the valid result signed by our agents within the next 72hours. We want OGSIEC to do a review of the Saturday election within the next 48hours.
We are using this medium to call on the state commissioner of police to release our members being detained by policemen and also tell his boys to stop threatening our members in the state because we all have right to freedom of movement.
However, if we did not get due response from OGSIEC before the stipulated time, we will call for annulment of the election. And UPN will take a drastic step by charging OGSIEC to court of law for failing to fulfill their basic responsibility in conducting a free and fair election.
We call on our supporters to be patient because we are going to any length in making sure our mandate is protected and secure. We also use this medium to appreciate the massive support given to us by them and we promise to always have interest of the masses in our heart.
Signed
Olufunmilayo Oginni Iredee Gbenga Agu
The State Chairman of Unity Party of Nigeria (UPN) State Secretary
Business
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.
Bank
Alpha Morgan to Host 19th Economic Review Webinar
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.
Business
GTBank Launches Quick Airtime Loan at 2.95%
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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