Business
Why GPH Pays Compensation Directly To Land Owners – Cookey-Gam
The Greater Port Harcourt City Development Authority says it decided to pay compensation directly to land owners in the new city because of the pitfalls involved in using a third party for such payments.
The Administrator of the authority, Dame Aleruchi Cookey-Gam disclosed this in Port Harcourt while speaking at an Environmental Impact Assessment (EIA) Public Review Meeting on the proposed Phase lA GPH sub projects held at the Hotel Presidential.
According to Cookey-Gam, it was in realisation of the challenges usually posed by lack of dependable record and data, especially on issues concerning land and monetary transactions that made the authority decide from the outset to pay compensation directly to land owners.
Cookey-Gam explained that though the common practice was to pay such compensation to the estate valuers, who in turn, paid their clients (land owners), the authority decided to avoid possible future disputes by allowing estate valuers to professionally determine the values while
the authority made payments directly to land owners after physical identification and data capturing.
She said the procedure had ensured that the authority stored in its bank transaction details,
especially images of beneficiaries for future reference.
The meeting, which was convened under the auspices of the Federal Ministry of Environment, provided opportunity for affected communities and other stakeholders to critically assess the EIA report on the proposed construction of 3,000 low and medium residential units, school, churches, light commercial and industrial areas, golf course and other associated facilities on 595.09 hectares of land in Ikwerre Local Government Area.
Commenting on the report, a community leader from Igwuruta, Chief Anthony Onyesi,
expressed worry that compensation for economic crops belonging to farmers other than land owners was not captured in the report even as he insisted that the N300, 000 paid for a plot of land was below the current market value of land in the area.
In his reaction, the Director, Legal Services of GPHDA, Dr. Justice Nwobike explained that the
payments by the Rivers State Government were not meant for the purchase of land since government, legally, does not buy but acquires land for development purposes.
He said the compensation was aimed at cushioning the impact of the acquisition on those affected.
Earlier in her remarks, Minister of Environment, Hon. Hajia Hadiza Ibrahim Mailafiya, represented by Mr. Abbas Suleiman, said that the meeting was in line with provisions of the EIA Act No 86 of 1992.
She urged the review panel headed by Professor Bola Okuneye of the University of Ibadan to assess and evaluate all comments received from stakeholders, regulators and experts on the proposed project’s Draft EIA Report; determine the level of compliance of the draft report in line with the provisions of the EIA Act as well as the procedural guideline of 1995; appraise the technical adequacy of the data and information contained in the report and take decisions and make appropriate recommendations on the overall adequacy of the Draft EIA Report.
The report which was presented by Dr. Tobonimi lderiah, Director, Institute of Pollution Studies, Rivers State University of Science and Technology (RESSUST), and Victor Imevbore, MD, Environmental Resources Managers Ltd, Lagos indicated that the host communities covered by the phase 1A are omagwa, Igwuruta-Ali, Omuoda-Aluu, Mbodo-Aluu, Ipo and Omademe, all in Ikwerre Local Government Area of Rivers State.
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.
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