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Real Reasons Rev. Mbaka was transferred – Catholic church reveals
Over the weekend, it was reported that controversial Rev. Mbaka was transferred from his Enugu branch where he is doing great things to Somewhere called Enene.
He was said to be suspended some weeks ago over some of his 2016 propheies.
However, his transfer got a lot of critics from some people as some think his transfer was just to make it suffer and reacting to this, The Catholic Church has clarified it saying the controversial priest was merely being sent to where he would be more useful to the church.
In its first reaction since the controversy over the transfer broke, the church said the posting was not meant to be punitive.
In an exclusive interview with PREMIUM TIMES Monday, the Secretary-General of the Catholic Secretariat of Nigeria, Reverend Father Ralph Madu said transfer of priests within the catholic church is a “normal church procedure.”
“Mbaka’s own is not an exception,” Mr. Madu said. “The Bishop has the right to post any priest wherever he feels his service would be more useful to the church.”
Public criticisms had greeted the Enugu Diocese’s recent decision to transfer Mr. Mbaka out of Christ the King Parish, GRA, where he had served for over a decade and had established a popular prayer ministry, the Adoration Prayer Ministry.
Mr. Mbaka is to resume immediately at his new post at the Our Lady Parish, Emene.
The priest, who is as fiery as he is controversial, had described his re-posting by the church as a “calculated move” to make him suffer.
“I know we are going to suffer within now and few months to come,” the priest said. I am going to suffer and suffer; I know that. I’m going to suffer because I have no place to put my head. I am going to suffer because I have no place to keep the Adoration Ministry’s assets. I know I’m going to suffer.”
But following his recent transfer to a new parish, speculations were rife that his being moved to another parish was punishment for his unalloyed support of a Muslim candidate, President Muhammadu Buhari, over his Christian predecessor, Mr. Jonathan.
But Mr. Madu told PREMIUM TIMES that “such frivolities have nothing to do with the posting.”
“His posting should have been a privilege, not a punishment – which the Bishop can do because he has the power.
“If he (Mbaka) says it’s a punishment, then it’s open for further investigation. Posting is a regular thing, a priest can be transferred after two, three, four, or more years, it depends on the discretion of the Bishop.
“That ministry (Adoration Ministry) is his private ministry, it does not belong to the church. Overseeing a parish is a full time job. Overseeing a ministry is a bigger task. If the church decides to take him somewhere where he’ll have more time to carry out his ministry, how is it punitive? That should not be the language.”
Mr. Madu said Mr. Mbaka had done things that were unacceptable to the church in the past but received no punishments for them.
“He is supposed to be a missionary,” Mr. Madu said. “What if the Bishop had closed down the ministry, which is within his power to do? Sometimes, transfers can be for the good of the priest as something can be going wrong which he might not be aware of. The Bishop is free to move any priest at any time, it is his prerogative.”
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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