Connect with us

Business

‘Withdraw all cases against me’ – Nnamdi Kanu tells Acting President, Yemi Osinbajo

Published

on

LEAVE OSINBAJO OUT OF THE POLITICS IN SADNESS

Leader of Indigenous People of Biafra, IPOB, Mr. Nnamdi Kanu, yesterday, tackled the Acting President, Prof. Yemi Osinbajo, for declaring the Biafran agitation unconstitutional.

Kanu, in a world press conference he held through his team of lawyers in Abuja, maintained that Osinbajo’s view about Biafra was “patently misconceived and inherently faulty,” despite his rank as a Senior Advocate of Nigeria.

In a statement by his lawyer, Mr. Ifeanyi Ejiofor, Kanu insisted that “extra judicial remarks” Osinbajo made before the Igbo Council of Traditional Rulers, in reference to Biafran agitation, was offensive to section 2 of the 1999 Constitution, as amended.

The statement read in part: “We are presently drifting into the narrative that had hitherto kept our client in unlawful incarceration for 18 months, in clear breach of positive orders of court that directed for his unconditional release. Unhealthy interference by the executive arm in the matter before the court, vide pronouncements capable of putting fears in the court is a case in point.

“This is evident in the recent extra judicial remarks by the Acting President, clearly contained in his presentation before the Igbo Council of Traditional Rulers, that the agitation for Biafra is unconstitutional as it offends section 2 of the 1999 Constitution of the Federal Republic of Nigeria, as amended, 2011, and consequent threat of arrest and imprisonment of those that exercise their unquestionable and inalienable rights to self determination.

“This declaration is respectfully considered as not only provocative and unacceptable, but a clear case of undue interference with judicial process, which have the capacity of distorting the mindset of the judicial officer in charge of client’s case.

“It is important to remind the Acting President that our client’s present political trial originated from his legitimate exercise of his constitutionally guaranteed rights to self determination as clearly provided for under extant laws, and international instruments/covenants.

“It is, therefore, reasonably expected that any of such extra judicial remarks should not emanate from the revered office of the Acting President.

“With due reverence to the Acting President, and his rank as a Senior Advocate of Nigeria, we deem it obligatory to state the correct position of the law as it relates to his faulty position.

“We observed most respectfully that the learned silk made this remark in direct response to quit notice threats and ultimatum handed down to Igbo living in the northern part of the country, by a faceless and uninformed group, going by the name of Arewa Youths Consultative Forum.

“But it must be noted very humbly that it is a mistake to equate the lawful and legitimate aspirations and agitations for Biafra with the unlawful, illegal and illegitimate quit notice, and threat given to the Igbo to leave the North by this group.

“We submit most humbly that the right to self determination, recognizable under various instruments, which Nigeria is a party to, is clearly provided for under Article 20(1) of the African Charter on Human and Peoples Rights (Ratification and Enforcement) ( Act Cap 10) Laws of the Federation of Nigeria 1990.”

Besides, Ejiofor, who briefed newsmen alongside counsel to Kanu’s co-defendants, Chidiebere Onwudiwe, Benjamin Madubugwu, David Nwawuisi and Bright Chimezie, accused the Federal Government of deliberately frustrating full-blown hearing on the treasonable felony charge against the defendants.

Consequently, Kanu and his co-defendants, demanded an immediate withdrawal of the amended five-count charge against them, saying they have not committed any offence that is known to law.

IPOB berates Umahi for attacking traders in Ebonyi

Also, yesterday, IPOB and its leadership worldwide have berated Governor Dave Umahi of Ebonyi State for allegedly unleashing his henchmen to invade Abakaliki Central Market to attack the traders there for the rousing welcome they accorded Kanu, when he visited the state.

IPOB in a statement by its Media and Publicity Secretary, Comrade Emma Powerful, said: “The governor exhibited the highest level of rascality by instructing his henchmen and miscreants to attack the innocent traders who turned out en masse to welcome their leader in Abakaliki, the Ebonyi State capital.

IPOB also noted that Ebonyi is not the first state to grant Kanu a rapturous welcome and neither will it be the last, and, therefore, warned that such infantile and envious clampdown on traders and IPOB officers in Ebonyi State will hasten Umahi’s return into political oblivion.

“The governor should know that at this moment, IPOB is without doubt the largest and most potent freedom fighting outfit anywhere in the whole world. We are firmly entrenched in Ebonyi State and we want to warn him that picking a fight with IPOB will bring about his downfall; we can pull him down with our supporters by just word of mouth, not violence. He should be warned.”

“We also want to tell him that should he wish to continue serving his Northern political masters, he should relocate to Sokoto because Ebonyi State is one of the strongest states in Biafran land, where the citizens are seriously determined to restore Biafra and Governor David Umahi cannot quench the desire of Ebonyi people in this regard, rather Ebonyi people are ready to dump him because of attacks against IPOB and its leadership.

“This Governor David Nweze Umahi of Ebonyi State, ordered his henchmen to invade the Abakaliki Central Market yesterday to terrorize traders, by destroying their goods and properties worth millions of naira as punishment for shutting down their businesses in order to come out enemas to welcome our leader Mazi Nnamdi Kanu, what a jealous act”

“That attack directed by Governor Umahi was wholly barbaric and uncivilized behavior, coming from an elected public officer of his caliber, it is indicative of the moral decay at the heart and height of governance in Nigeria especially, Ebonyi State that has not witnessed any meaningful development, since the inception of this administration that is only interested in protecting the Fulani herdsmen that has been attacking his state.

“That the Governor sought to belittle his office by ordering the unwarranted and unprovoked attack on innocent traders, purely demonstrate his slavish loyalty to his Hausa Fulani masters, and confirms the widely held view that South East Governors, more than Governors of other geo-political zone, are political quislings at the beck and call of the Arewa North.

“They have no mind of their own and therefore, are ready and will do anything to please their Northern masters, even if it means killing their own people, what a shame of governance in this part of the world.

“Political office holders like Governor Umahi, and other who owe their political survival to Hausa Fulani patronage are driven by reactionary tendencies such as petty jealousy and not deep ideological conviction in themselves and that is why they have time to attack issues concerning IPOB.”

Business

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

Published

on

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.

 

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

Continue Reading

Bank

Alpha Morgan to Host 19th Economic Review Webinar

Published

on

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.

Continue Reading

Business

GTBank Launches Quick Airtime Loan at 2.95%

Published

on

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

Continue Reading

Cover Of The Week

Trending