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Pandemonium as Angry Mob beat LASTMA officer mercilessly for attacking Bus Driver in Lagos

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There was pandemonium on Wednesday at the Costain area of Lagos State as an official of the Lagos State Management Authority and a bus driver were reportedly beaten to a pulp.

It was  learnt that officials of LASTMA had allegedly apprehended the bus driver at the Costain bus stop, for allegedly violating a traffic rule.

It was alleged that an argument ensued between the driver, his conductor and the officials. In the ensuing scuffle, a LASTMA official allegedly punched the driver and he slumped.

A mob was reported to have barricaded the road in protest as the driver lay on the floor, foaming in the mouth.

The mob reportedly vandalised a LASTMA patrol car which drove into the protesters at the time, beating up the officials.

They were said to have mobilised and also attacked the LASTMA office in the area and vandalised vehicles in the yard before the intervention of policemen from the Iponri division.

A witness, Ibrahim Adisa, said the incident happened around 9am.

He said, “We saw that the LASTMA officials held the bus driver at the junction for breaking traffic rule. The man did not release the vehicle to them, which started an argument. The driver and the conductor then started fighting the LASTMA men.

“One of the LASTMA officials put his hand in the pocket and brought out a ring which he used to hit the driver. The man fell and started foaming in the mouth. The officials then took his bus into their yard and left him on the ground.

“A mob barricaded the road and vandalised a LASTMA patrol car that came in that time. They beat up all the officials in the car. After that, they carried the man’s body into the LASTMA’s office and chased out the workers.”

Punch Metro learnt that the driver was later taken to a hospital after the police arrived to quell the unrest.

A motorcycle rider said the situation would have been worse but for the intervention of the police.

“Traffic was at a standstill and the hoodlums were looking for LASTMA officials or any government official to attack,” he added.

As of 3pm when Punch correspondent left the area, no traffic official was in sight as police patrol vehicles mounted surveillance in the area.

The Police Public Relations Officer, SP Dolapo Badmos, confirmed the incident, adding investigations were ongoing.

She said, “Yes, I can confirm that LASTMA officials impounded a vehicle and the driver and his conductor engaged the LASTMA officials in fisticuffs, which led to two losing consciousness. The two are the driver and a LASTMA official. They were both rushed to the hospital where they are currently recuperating. Investigation has commenced into the matter.”

The spokesperson for LASTMA, Mr. Mahmud Hassan, in a statement, denied that the driver was beaten by an official of the agency.

He explained that some hoodlums, who were attempting to free the driver’s bus, invaded the premises of the agency and vandalised vehicles.

He said, “The commercial bus was apprehended for illegal picking and dropping of passengers in the Costain area. The commercial bus was subsequently taken to the nearest yard of the agency at Iponri for booking.

“However, in a bid to circumvent the law and retrieve the vehicle from LASTMA’s yard, the driver mobilised friends and hoodlums, who attacked the Iponri office of the agency. They injured our personnel and damaged vehicles in the yard. However, when the driver’s action did not yield the desired result, he stripped himself naked and created a scene in order to draw the sympathy of unwary members of the public.

“When the act failed, his friends and hoodlums put him in a wheelbarrow with a clear intention to cause commotion and breakdown of law and order.”

Hassan said two of the hoodlums had been arrested and would be arraigned in court.

The General Manager of LASTMA, Mr. Bashir Braimah, according to the statement, said no amount of violence would make the agency to shy away from its statutory responsibility.

 

 

 

 

There was pandemonium on Wednesday at the Costain area of Lagos State as an official of the Lagos State Management Authority and a bus driver were reportedly beaten to a pulp.

It was  learnt that officials of LASTMA had allegedly apprehended the bus driver at the Costain bus stop, for allegedly violating a traffic rule.

It was alleged that an argument ensued between the driver, his conductor and the officials. In the ensuing scuffle, a LASTMA official allegedly punched the driver and he slumped.

A mob was reported to have barricaded the road in protest as the driver lay on the floor, foaming in the mouth.

The mob reportedly vandalised a LASTMA patrol car which drove into the protesters at the time, beating up the officials.

They were said to have mobilised and also attacked the LASTMA office in the area and vandalised vehicles in the yard before the intervention of policemen from the Iponri division.

A witness, Ibrahim Adisa, said the incident happened around 9am.

He said, “We saw that the LASTMA officials held the bus driver at the junction for breaking traffic rule. The man did not release the vehicle to them, which started an argument. The driver and the conductor then started fighting the LASTMA men.

“One of the LASTMA officials put his hand in the pocket and brought out a ring which he used to hit the driver. The man fell and started foaming in the mouth. The officials then took his bus into their yard and left him on the ground.

“A mob barricaded the road and vandalised a LASTMA patrol car that came in that time. They beat up all the officials in the car. After that, they carried the man’s body into the LASTMA’s office and chased out the workers.”

Punch Metro learnt that the driver was later taken to a hospital after the police arrived to quell the unrest.

A motorcycle rider said the situation would have been worse but for the intervention of the police.

“Traffic was at a standstill and the hoodlums were looking for LASTMA officials or any government official to attack,” he added.

As of 3pm when Punch correspondent left the area, no traffic official was in sight as police patrol vehicles mounted surveillance in the area.

The Police Public Relations Officer, SP Dolapo Badmos, confirmed the incident, adding investigations were ongoing.

She said, “Yes, I can confirm that LASTMA officials impounded a vehicle and the driver and his conductor engaged the LASTMA officials in fisticuffs, which led to two losing consciousness. The two are the driver and a LASTMA official. They were both rushed to the hospital where they are currently recuperating. Investigation has commenced into the matter.”

The spokesperson for LASTMA, Mr. Mahmud Hassan, in a statement, denied that the driver was beaten by an official of the agency.

He explained that some hoodlums, who were attempting to free the driver’s bus, invaded the premises of the agency and vandalised vehicles.

He said, “The commercial bus was apprehended for illegal picking and dropping of passengers in the Costain area. The commercial bus was subsequently taken to the nearest yard of the agency at Iponri for booking.

“However, in a bid to circumvent the law and retrieve the vehicle from LASTMA’s yard, the driver mobilised friends and hoodlums, who attacked the Iponri office of the agency. They injured our personnel and damaged vehicles in the yard. However, when the driver’s action did not yield the desired result, he stripped himself naked and created a scene in order to draw the sympathy of unwary members of the public.

“When the act failed, his friends and hoodlums put him in a wheelbarrow with a clear intention to cause commotion and breakdown of law and order.”

Hassan said two of the hoodlums had been arrested and would be arraigned in court.

The General Manager of LASTMA, Mr. Bashir Braimah, according to the statement, said no amount of violence would make the agency to shy away from its statutory responsibility.

 

Business

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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Business

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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