Business
POWERFUL ADELEKE’S FAMILY VS INFLUENCIAL MOMODU’S FAMILY : HOW DELE MOMODU DISGRACED DAVIDO’S FAMILY + HOW DAVIDO AND HIS BROTHERS DISGRACED DELE MOMODU
Nigeria’s superstar, Davido has gotten himself into a fresh trouble and a very serious one even as he has tried to stay scandal free over the years. The most painful part is that the reason for this trouble has throughout the year brought him real joy ; His baby.
Ever since he had the Cute baby girl, he has never ceased to make the whole world know how much he loves her. He even got her a customised ‘OBO’ chain which costs a lot. He has also been sharing pics of him baby sitting her despite his busy schedule, He created time for her and has been a caring Daddy to the little baby. He had the baby with Baby Mama, Sophia Momodu, niece to the publisher of Oviation magazine, Dele Momodu.
However, things has finally gone wrong in the camp of the Momodus and Adeleke as Sophia, The baby Mama accused Davido of human trafficking because it was gathered that Davido’s Sister, Coco Adeleke has ‘claimed’ ownership of the Baby and has restricted the original mother from seeing her.
This has caused a lot of stir in the family as non of the sides is willing to bend for another. It is a battle of big fishes and it might last long even though Dele Momodu and Davido’s father, Deji Adeleke are both big names in the country.
Furthermore, apart from the battle between the grown up, the baby mama, Sophia and father, Davido have been exchanging words on the social media.
Sophia posted this on her Twitter account:’I want to state it clear, that David @iam_David is the most useless man any woman out there can meet. I curse the day I met you kid.’
And here is some of his replies ‘’She (Sophia) never would be my wife and she was never qualified for that. Her background is very dissimilar from mine, and she has very paltry education and equally diminished physical attributes.’’
All this happened because Dele Momodu used his contact and influence to stop Davido’s family from flying to Dubai with the little girl for medical check up.
This is what Dele momodu has to say about the matter:
In September 2015, I got a call from Dr Adedeji Adeleke, a long time family friend, telling me his son had fathered a baby girl with my cousin, Sophia Momodu. I rejoiced with him as any reasonable soul would do. He apologised that he had not called all along because he wasn’t sure if Sophie’s baby was going to turn out a fake one like that of two others who had turned up at his doorstep. But mercifully, according to Dr Adeleke, Sophie’s baby passed the DNA Test by over 98 percent and he was elated. I congratulated him again as a proud grandfather. He said he would like to meet me with Sophie since Sophie’s dad, Uncle Jibola Momodu, passed on years ago and Sophie mentioned me as her cousin.
I had known about Sophie’s baby through her first cousin Ruth Abraham and had called to congratulate her. I was happy when she sent me pictures of the baby and other romantic pictures with David Adeleke, aka Davido.
But I never contacted David’s dad deliberately so as not to create the impression of begging for marriage. Where we come from, it is the man who approaches the lady’s family to plead to be allowed to marry into the family.
Prior to this phone call from Dr Adeleke, Sophie had narrated to me how on the 11th July, 2015, she was tricked to Davido’s sister, Coco Adeleke’s house with her baby, Imade Aurora Adeleke. After getting to the house on Baderinwa Alabi Street, Lekki Phase I, Lagos, her baby was forcefully taken from her and she was thrown out of the premises with the threat that she would be decisively dealt with if she ever bothered to return there. There were armed policemen in the premises and to avoid what could have been a messy encounter, instinct prevailed on her to make her leave her breast suckling baby behind, with so much pain in her heart.
By daybreak on the next day, Sophie was again at Coco Adeleke’s house to take her baby, but she was prevented by armed policemen from gaining access into the house. She was again threatened and warned never to return for the child.
Despite the pain and trauma my cousin was made to undergo, I restrained myself from getting directly involved in the matter and appealed to her to stay calm and take it easy with the Adelekes.
But after the phone call from Dr Adeleke, precisely on September 10, 2015, I picked up Sophie and her mum and drove to Dr Adeleke’s home in Lekki, Lagos. All through this time, I had waited patiently to meet Dr Adeleke with questions probing for answers.
Dr Adeleke invited two of his close friends to the meeting namely His Majesty OBA ADEDOKUN ABOLARIN and Mr Wale Adeeyo. We went into lengthy discussions. His daughter Coco had brought in the little baby and both attended the meeting.
Dr Adeleke explained why it took some time to call me and I said I understood.
Dr Adeleke said the baby was discovered to have traces of marijuana in her during medical test and said he believed Sophie and David were smokers and he needed to protect the child from two irresponsible parents, as he described them. He told the gathering that the baby would be under temporary custody and observation. He directed that Sophie would come to his house every Sunday to see her baby. Our family agreed. He promised to pay Sophie a monthly upkeep. We thanked him for his kindness. He promised to buy her a car. We were grateful for his generosity. We had dinner with him and left. David was not present.
Sophie said she got the monthly upkeep but never got the car and that she prefers to have her baby back and the Adelekes can keep their money.
I called Dr Adeleke and he said I should allay her fears. I pleaded again for patience. I was shocked when Sophie called me desperately and said her daughter was being taken to Dubai by Coco. I immediately called Coco and she said she was taking the baby for intensive medicals and I wondered how she would pass through the airport without the consent of Sophie but she actually did and even sent me pictures from Dubai. I played it cool and encouraged Sophie to calm down.
Sophie became withdrawn and extremely saddened. The situation went from bad to worse. She and David became aggressive enemies. At a point, David sent messages to Sophie and using the ‘f’ word against me. His father was shocked and called him to apologise which he did and I accepted and even told him how much I love him.
The worst came when my wife came from London and went with Sophie to check on the baby at Coco’s house and they were literally walked out and told they were not welcome in her house. My wife called and I called Dr Adeleke who said they should go to his house and wait for him.
Their meeting did not go well because my wife asked when the baby would be returned to her mum and Dr Adeleke went into the same old story of marijuana abuse and Sophie said she was ready for a test which Dr Adeleke wasn’t interested in. Dr Adeleke explained why the car had not been bought and my wife told him the baby was the issue and not the car. Dr Adeleke didn’t like the sound of this but it was reaching a point that some truth needed to be told that a baby cannot be bought with money.
I flew to Nigeria on December 28, 2015 after Sophie told me the Adelekes were travelling to Dubai with her baby without her consent again. As soon as I landed I called Uncle Wale Adeeyo, a close confidant of Dr Adeleke and expressed our displeasure at the way Sophie was being treated and he promised to speak to Dr Adeleke. When he came back to me he didn’t sound too positive. We spoke several times and nothing tangible came out of his supposed intervention.
I called Oba Dokun Abolarin but he was busy at a wedding in Ibadan. I then called Uncle Wale again and told him Sophie has plans to stop the trip on the knowledge that David has collected an American passport for the baby and the rumour that the baby was being abducted to America. I pleaded that we should avoid a confrontation.
I headed to the airport to alert the authorities including Immigration and Emirates. As predicted, the Adelekes arrived the airport with the baby where Immigration had laid in wait for them. Coco came forward and was asked who the mother of the baby was and she claimed ownership and her passport and that of the baby were taken away by Immigration. Her dad was alerted and he came to the office of the Comptroller with others to try and rescue the passports but the Immigration stood their grounds. I saw him making frantic calls but he gave up after the flight departed. He repeated the same boast that no one could ever take the baby from him and I told him to stop talking like God.
No one likes a fight but we have been treated shabbily and had to stop the charade. We could not be intimidated and everyone at the airport expressed shock and horror at such a brazen attempt to export a human being only seven months old without the mother. We thanked the officers who rescued us from a powerful family. We are always for peace, justice and equity. No one threatened the Adelekes with any expose unless they were using reverse psychology. Personally, I’m not a junk writer and would never descend so low to abuse those permanently connected to us through an innocent baby. We love the baby like they do and such an innocent child deserves to be protected by both families.
However, One of the Adeleke’s shared this pics, to mock Dele Momodu:
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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