Business
President Buhari should be impeached over sack of Babachir, Oke – PDP
Press Release:
ON THE SACK OF BABACHIR & OKE: ITS TOTALLY UNACCEPTABLE, WE DEMAND THE IMMEDIATE IMPEACHMENT OF PRESIDENT BUHARI – PDP
The statement on the sack of Alhaji Babachir Lawal, the former Secretary to the Government of the Federation and Ayo Oke, the former Director General of Nigerian Intelligent Agency (NIA) is a slap on the face of Nigerians. It is an insult on the-collective intelligence of our people who have waited patiently for the President’s reaction on the humongous act of corruption by two of his principal aides and this is totally unacceptable.
2. First and foremost, we had disagreed with the President last year when he decided to setup the panel headed by the Vice President, Professor Yemi Osinbajo to investigate the matter because we thought that was the wrong course of action to take. Ordinarily, cases of corruption or alleged cases of misappropriation of funds are supposed to be referred to institutions that are saddled with the responsibility to investigate and prosecute such matters which is the ICPC and the EFCC if there is any prima facie case against them.
3. But it appears not all animals are equal under the Buhari APC administration . some people are treated with kid gloves while others particularly those in opposition are subjected to all manner of harrowing experiences. One of the Senators of the APC, Senator Shehu Sani of Kaduna State succinctly put the matter when he said that this administration uses deodorant to fight corruption when it comes to some APC members and President Buhari’s kitchen Cabinet and insecticides when it involves members of the opposition and those in the National Assembly.
4. It took the President almost one year to attend to this matter while the culprits were having a field day at home and enjoying themselves. Whereas, in the case of the opposition especially the PDP members, even when the evidence is flimsy they will be visited with multiple harassment and intimidation for months and weeks without proper trial.
5. We site the case of Sambo Dasuki who has been in detention for over two years and running even when many courts in Nigeria and the Ecowas Court have ordered for his release, but the President has fragrantly disobeyed these court orders which again are a violation of the Constitution of the Federal Republic of Nigeria. This is an impeachable offence. So the President cannot just sack Ayo Oke and Babachir Lawal and expects us to be clapping for him.
6. We believe that we are operating under a democracy and a Constitution that governs our affairs. To have subjected these people to different sets of rule and treatment is totally unacceptable. Nigerians are the same under the law and Babachir Lawal and Ayo Oke should not be tried by the Presidency while others are hounded by the EFCC and ICPC.
7. These actions of Mr. President are therefore a breach of his oath of office which he swore to defend the Constitution of the Federal Republic of Nigeria and to be fair and just to all Nigerians without any discrimination whatsoever. The action of the President is a gross violation of his constitutional oath and therefore constitutes a veritable ground for impeachment .Using and applying different laws to different people in the country is a direct assault on the constitution and the rule of law . Consequently, we call on the National Assembly to begin processes to impeach the President for breach of the Constitution and fragrance disobedient to the laws of Nigeria.
8. We totally reject these actions and the law should follow its full course on the issues of these officers. In other words, their case should be referred to the EFCC for proper investigation and trial, more so when the President has not told us what the report of the findings was. Nigerians are entitled to know the findings of the panel headed by the Vice President. The report should be made public since it is the people’s money that is involved.
9. The President has by his actions taken Nigeria to the level of a banana republic. We are not in a banana republic, this is the Federal Republic of Nigeria . Three successive governments of the PDP did not act in the manner President Buhari is acting.
10. There is no doubt that the sudden sack of the SGF and the DG of NIA is just a consequence of the backlash on the Abdulrasheed Maina saga. Up till now there’s no answer to the pertinent questions we have asked on the Maina saga. The government cares less about the feelings and opinions of Nigerians. This kind of arrogance is unprecedented in the history of this county. We again call for the arrest and investigation of the two Ministers involved in the return of Maina into the Civil Service, that is, the Minister of Interior, Bello Dambazau and Abubakar Mallami , the Attorney General of the Federation & Minister of Justice.
God bless the PDP! God bless Nigeria!!
Signed:
Prince Dayo Adeyeye
National Publicity Secretary
October 30, 2017
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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