Business
Checking Pipeline Vandalism In Nigeria
Iheanyi Udah is a 35-year-old farmer living in Onicha-Amiyi, Isuikwuato Local Government Area of Abia State.
The man is always eager to tell any willing listener how his two hands became severely burnt.
“One day in 2004, I just returned from the farm and saw several people in my village scooping fuel from a vandalised pipeline. I joined them but at a stage, an explosion occurred.
“Several people were burned to death while some lucky ones like me survived with severe burns; it is by God’s grace that I survived the fire incident,’’ he said.
“Even if you offer me N1 million to go near a vandalised pipeline again, I will bluntly reject it because it is evil and deadly. Such escapades bring death within a split second. People should avoid getting involved in pipeline vandalism,’’ he added.
Udah‘s experience reflects the experiences of many others who have encountered fire disasters at some vandalised sections of petroleum pipelines which traverse the country.
Prior to the Onicha-Amiyi incident, concerned citizens recall the pipeline inferno in Jesse, Delta State, in 1998 that left scores dead and wounded.
To avoid the recurrence of such incidents, the management of the Port Harcourt Refining Company (PHRC) recently launched an anti-pipeline vandalism campaign to sensitise neighbouring communities to the risks and dangers of pipeline vandalism.
Mr Tony Ogbuigwe, the company’s Managing Director, urged the communities to assist in efforts to check pipeline vandalism.
“Pipeline vandalism can lead to oil spills, which can also lead to degradation of the environment. It can also pose health hazards and if there is fire, it can also cause deaths,’’ he said at the inauguration of the campaign in Okrika, Okrika Local Government Area of Rivers State.
Ogbuigwe, who was represented by Mr Ralph Ugwu, the company’s Public Affairs Manager, pledged the company’s readiness to stage sustained public awareness campaigns on the dangers of pipeline vandalism.
However, Ajomiwe Ezuma, a historian, identified poverty as one of the root causes of pipeline vandalism in the country.
‘Poverty in the land has driven people to rupture pipelines in search of petroleum products. I must confess, it is a very risky venture but people, out of sheer desperation and frustration, still embark on it.
“More public enlightenment campaigns should be carried out to educate the people, especially those living in communities around the pipelines, on the dangers of pipeline vandalism.
“Some pipelines may be carrying gas, crude or refined petroleum products like petrol, kerosene or aviation fuel but the volatility of the pipelines’ content does not matter to the desperate people who jettison the risks involved in pipeline vandalism,’’ Ezuma said.
Concerned citizens note that many people have died in the jungles, creeks or seas while vandalising oil pipelines.
They say that attempts to rupture a high-pressure oil pipeline usually provoke instant fire, adding that the development often leads to the burning or death the perpetrators, who could even be swept away by sea tides.
Ezuma urged the communities to organise in-house campaigns for the residents, particularly youths, who were often tempted to partake in pipeline vandalism because of their “get-rich-quick’’ worldview.
“ It is the duty of the communities to prevent their people from falling victim to the effects of pipeline vandalism,’’ he adds.
He stressed that apart from the loss of lives due to infernos at vandalised pipelines, the environment became damaged, while the national economy was sabotaged whenever an oil pipeline was vandalised.
Ogbuigwe, nonetheless, stressed that the PHRC campaign would expose all the dangers inherent in pipeline vandalism to the people of Okrika and other communities more lucidly.
“ The campaign, which is primarily targeted at exposing the evils of pipeline vandalism; is also targeted at enlightening the people about the evils of the aberration,’’ he said.
“We also want to thank the people for being hospitable hosts over the years we have been operating here. There is peace and harmony and we received their total support.
“We urge the people to continue to support us, so that, in concert with them, we will operate the refinery for the benefits of our people here and the nation at large,’’ Ogbuigwe said.
Mr Alfred Orupabo, the Secretary of Okrika Local Government Council, also urged the people to be mindful of the dangers of pipeline vandalism.
“Pipeline vandalism is evil; it is dangerous to the environment, the people’s health and the nation.
“We will cooperate with the PHRC to ensure that pipeline vandalism does not occur here. People must refrain from it because of its very deadly effects,’’ he said.
Mr Robert Obizie, an official of the PHRC’s Community Relations Unit, said that the public awareness campaign would be a continuous activity until the communities and their residents were adequately sensitised on the issue.
“It is a very big task but we believe that through our constant engagement with the people via public enlightenment activities, the people will be able to absorb our message that pipeline vandalism destroys lives, the environment and the country’s economy,’’ he said.
Mbonye writes for NAN.
Mike Mbonye
Business
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Banking/ Finance
Ripple Survey Reveals Appetite for Digital Assets
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.
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