Business
Tejuosho’s Property Saga: How Govs. Ambode, Aregbesola, VP Osinbajo, Afikuyomi, , Others Allegedly Cornered Multimillion Naira Choice Property In Lagos
The ongoing mild crisis between Lagos State governor, Akinwunmi Ambode and his recent victim, Hon. Funmi Tejuosho may not abate with the latest step taken by the governor to destroy Tejuosho’s property.
Fresh facts have started emerging on what has been tagged illegal acquisition of a property by this female lawmaker in Lagos State House of Assembly, Hon. Adefunmilayo Tejuoso. In fact, many tales were given to be the real cause of the invasion of her residence, 3 Sasegbon Street, GRA Ikeja, Lagos, by security operatives on the orders of Lagos State Governor, Akinwunmi Ambode.
To some, she has done everything wrong by not vacating the building for other Deputy Speakers that came after her. Some others believed she has settled the issue by buying the property from the government at N150m.
However, according to the new findings, the issue that is still generating mixed feelings amongst many in the state with appellation, Centre of Excellence, is not only limited to the female lawmaker, who claimed to have bought the property from the state government through her company, Debam Mega Solutions Limited, when she was the Deputy Speaker of the Lagos House of Assembly through the monetization policy of the government.
We further gathered that no Deputy Speaker of Lagos Assembly has ever made use of the property as official quarters, two Deputy Speakers had emerged before Tejuoso became the Deputy Speaker of the House, and none of them stayed in the property.
It was one Mrs. Dawodu, a retired Permanent Secretary that was the last occupant of the premises, before Tejuoso packed him.
Aside Tejuoso, findings revealed that the likes of Governors, Ambode, Rauf Aregbesola, Vice President, Prof. Yemi Osinbajo, Senator Tokunbo Afikuyomi are also beneficiaries of the monetization policy which saw them acquiring properties the way Funmi Tejuoso did.
We gathered exclusively that, aside Funmi Tejuoso, the governor of Lagos, Akinwunmi Ambode also benefitted from such privilege when he bought his house on Glover Street, Ikoyi Lagos, a prominent part of the acquatuc state.
Many who are privy to this information are wondering why Governor Ambode who intends to recover government assets sold at an undervalued price cannot start with his own property
Aside the governor, there are so many other top government officials who also benefitted from the monetization policy. Now, the question that is being asked is: why are others being shielded from the same treatment the female lawmaker is getting at the moment.
Other top politicians who have benefited from the policy include Senator Tokunbo Afikuyomi who bought his property at 7 Oduduwa Street.
Other government officials present and past who are also beneficiaries include – Justice Atilade; Justice Akande; Dr. Muiz Banire (SAN); Dele Alake; Justice Phillips; current Commissioner for Housing, Hon. Gbolahan Lawal; APC Lagos State Chairman, Henry Olawale Ajomale, amongst others.
It, however, remain to be seen if Governor Ambode will have the political will to also go after the listed beneficiaries.
Meanwhile, many have continued to allude the illegal action of the governor as a pure vendetta on the lawmaker due her perceived closeness to National legal adviser of APC, Dr Muiz Banire.
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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