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ONDO 2016 : ‘Why we lost to APC’- PDP reveals as INEC declares APC Candidate, Rotimi Akeredolu as winner
The Peoples Democratic Party, PDP, has declined to accept the outcome of the result of the just concluded Ondo State governorship election, saying the exercise was rigged before it was conducted.
The Publicity Director of the party in the state, Ayodele Fadaka, who was reacting to the results on Sunday, said INEC connived with some powerful persons in the country to rig election.
The Returning Officer of the election and Vice Chancellor of the University of Ilorin, Abdul-Ganiyu Ambali, had declared the All Progressives Congress candidate, Rotimi Akeredolu, as winner of the governorship election.
Mr. Akeredolu polled a total of 244, 842, to defeat the PDP candidate, Eyitayo Jegede, who rallied 150, 380 votes to place second in the race.
“In spite of the national orientation of the Federal Government, buying voters is the highest form of corruption that this government portends to be fighting day in day out and we see that corruption is getting entrenched by the day more and more,” Mr. Fadaka said.
“The PDP failed this election simply because INEC and some other interest groups decided it will fail.”
He alleged that the processes that led to the election amounted to rigging, saying INEC need not hold the election when it knew that the name of the PDP candidate was unjustifiably removed from the list of candidates.
According to him, INEC had up till January to hold the election, and should have postponed it, but chose to go ahead with it because it planned to ensure the PDP failed in the election.
“I will say that powerful interest in this country, working hand in gloves with INEC decided to do us in this election, they decided and desired and they have achieved their aim to hand over our party to PAC,” he said.
Asked if his party accepted the results,” Mr. Fadaka said, ” My answer is neither here nor there,” stressing that the election came hastily despite the travails of the party in court.
“There is no democracy in this game, there is no fairness and there is no equity in what we have see and what has just happened here,” he said.
But the representative of the candidate of the APC, Benson Enikuomehim, said the party praised the effort of INEC in the conduct of the election.
He said Mr. Akeredolu would use the mandate judiciously to serve the people of Ondo State.
He said although the election had some issues, it substantially complied with the electoral laws.
He said Mr. Akeredolu expressed his satisfaction with the election and extended his hands of fellowship to other candidates who contested against him.
Also, the APC Publicity Secretary in Ondo State, said in a statement made available on Sunday in Akure that there was prompt arrival and delivery of electoral materials to the 3,009 polling units across the state.
He applauded the simultaneous accreditation and voting system adopted by INEC as landmark, saying it was largely responsible for the absence of electoral malpractice and violence.
Mr. Adesanya said that the election was unprecedentedly peaceful, free and fair in the history of the state.
The publicity secretary, therefore, commended the good people of Ondo State for their peaceful conduct before, during and after the election.
According to him, the electorate remained calm in the face of provocations, intimidation, harassment and the clamour for the repeat of the 1983 violence in the state, where scores of people were killed.
He praised the professionalism of all security agencies before, during and after the poll.
“We specially commend the sacrifices of the security agents that were deployed to various parts of Ondo State and therefore wish them journey mercies to their various states,” he said.
Mr. Adesanya assured the people of the state that “the government of Ondo State under the leadership of the governor-elect would be a regime of a new dawn where indices and traces of dictatorship, tyranny and corruption shall have no breathing space.”
(NAN)
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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