Business
Nigeria’s UN Mission Staff’s Gratuity Gulps $1.6m
The Permanent Mission of Nigeria to the United Nations in New York has paid cheques worth 1.6 million dollars as gratuity to its local staff who had served for between 30 and 40 years.
The New York Correspondent reports that the 17 beneficiaries included Nigerians, Beninios, Nigeriens, Ethiopians and Senegalese.
Twelve of the beneficiaries were formally handed letters of disengagement, while 5 would be re-absorbed under a contract arrangement structure to be renewed every two years.
We also learnt that the re-absorbed local staff would be given added responsibilities.
Prof. Joy Ogwu, the Permanent Representative of Nigeria at the UN, who spoke at the occasion, last weekend, noted that the Nigerian government considered staff welfare as paramount.
She described the distribution of the cheques as a “milestone in the history of the mission.
“This has been a long struggle to realise and at the end we give glory to God’’.
Ogwu expressed optimism that the development would inspire hardwork and urged the staff to do better.
Amb. Usman Sarki, the Deputy Permanent Representative to the UN, had earlier disclosed that the Ministry of Foreign Affairs in Abuja had directed the mission to adhere to the approved staff limit due to scare resources at its disposal.
“In the light of dwindling funding and increasing insurance and medical and other debilitating financial cost, Mission has had to merge jobs and reduce staff strength.
“It is most unfortunate that with this development, some staff would have to be disengaged, if we are to avert serious financial embarrassment in the near future,’’ Sarki said.
He, however, recalled that in the past, disengaged staff had been owed their gratuity for years.
One of the beneficiaries, Mr Rober Vohougla from Niger, who spoke on behalf of others, commended the Nigerian government for giving them the opportunity to serve the country. Vohougla said that Nigeria was the only country that allowed other African nationals to work in its Mission.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
News3 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Sports3 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
Politics3 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Politics3 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Sports3 days agoNPFL To Settle Feud between Remo Stars, Ikorodu City
-
Sports3 days agoPalace ready To Sell Guehi For Right Price
-
Sports3 days agoArsenal must win trophies to leave legacy – Arteta
-
Sports3 days agoTottenham Captain Criticises Club’s Hierarchy
