Business

‘SARS are only meant to hit armed robbers, not investigation’ – Chairman, Police Service commission, Mike Okiro

Published

8 years ago

December 18, 2017

Former Inspector-General of Police, Mr. Mike Mbama Okiro, is currently Chairman, Police Service Commission.

In the following interview, he spoke about the controversies swirling round the Special Anti-Robbery Squad (SARS) of the Nigeria Police, the state of security in the nation, and more.

Excerpts:-

There is controversy over the activities of the Special Anti-Robbery Squad of the Nigeria Police (SARS), mostly on the conduct of operatives. Some people have even called for its scrap. How do you think the matter should be handled?

Mike Okiro: This issue of SARS is dogged by what I call ‘policy somersault’. A government official, or a government makes a policy and another government comes and changes the policy or abandons it. This is what is causing it.

SARS started with me as the Deputy Commissioner of Police Operations in Ikeja, Lagos, when the infamous armed robber called Shina Rambo was having a field day in 1991. His modus operandi was to snatch cars and begin a shooting spree in a convoy of gunmen. He was so brazen that he even shot at policemen at checkpoints. There was no way to stop him. So, I and the then commissioner, Ademola, came up with the Special Anti-Robbery Squad.

The idea was that they would be in mufti, and armed, simply for the very important element of surprise.

They would take cover, and communicating with walkie-talkies, hit the armed robbers. They did that two or three times, and the robbery attacks went down, drastically, and at a point stopped altogether. Soon SARS started spreading, from Lagos to other states. And I began to notice that at every roadblock, you will see armed policemen, but in mufti.

Now, how do you differentiate between a policeman and an armed robber?

The initial idea of the operatives wearing mufti, like I said, is for the element of surprise. So I’d say the original idea of SARS has been bastardised. The squad was feared before, and I mean by criminals. When there was a robbery in a bank, SARS would move there because they were trained. They also knew themselves because there was nothing like cross-firing. Every command had SARS standing by.

But by the time it spread to other states, it seemed like anyone would be carrying arms, dressed in mufti, with a T-shirt with SARS emblazoned on it. Anybody can wear such an outfit. They even go into cases of bounced cheques and shady business transactions. SARS business is not to investigate, but to hit. It’s a Special Anti-Robbery Squad, not an investigative one.

DT: There’s a call that started from social media, and spilled over to actual protests to scrap SARS. What is your take?

Okiro: We cannot throw away the bathwater with the baby. It cannot be scrapped, rather there is the need to get back to its original concept, to hit robbers and come back. Sometimes robbers take position, waiting for police patrol vehicles to come, not knowing that SARS are passing in a private vehicle.

SARS needs to be restructured and not scrapped completely. The police is meant to fight crime, they should be allowed to do their jobs in the most effective way. If they are deviating from the concept, they should be called back on the right track. Ending SARS is like the police stopping their fight against robbers.

DT: Another issue that seems to have refused to go away is that of kidnapping, especially on the Abuja-Kaduna highway. Do you think, with an effective SARS, kidnappings can be curbed?

Okiro: Yes, I believe it can. This takes me back to when I was Commissioner of Police in Lagos, when robberies were carried out in road traffic, and robbers with guns or knives went car-to-car. I couldn’t cover the whole length and breadth of Lagos roads, it wasn’t possible. We went back to the drawing board and got some vehicles with policemen dressed in veils, but armed. After we countered the robberies several times, they stopped. Like I said, earlier, the efficiency of SARS relies on the element of surprise. However, I repeat: It should not be involved in investigations.

DT: How do you feel about the non-passage of the Nigeria Police Force Reform Trust Fund Bill?

Okiro: I feel sad, as the passage of the bill is supposed to prepare the police more and then create an avenue for its funding. The federal government is not capable of funding the police completely, because if the revenue is lean, ou have to cut your coat according to your cloth. The federal government cannot give all it has to the police, as there are other areas that need attention.

But right now the police is not properly funded. Initially, that bill was supposed to create an avenue through which there would be direct funding. If the police force cannot even take care of itself, how can it take care of other people? So, there’s a need for funding, and that can be addressed and solved by the Police Force Reform Trust Fund Bill.

Business

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

Published

3 days ago

February 19, 2026

Sahara Weekly

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.

The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.

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

Published

5 days ago

February 18, 2026

Sahara Weekly

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%

Published

5 days ago

February 17, 2026

Sahara Weekly

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