Business
Ogbodo Community Protests Oil Firm’s Neglect
Youths of Ogbodo
Community in Isiokpo, Ikwerre Local Government Area last Tuesday paralysed work at the pipeline laying site being undertaken by Saipem Nigeria Limited for total neglect to the agreements with the community.
The youths who remained peaceful throughout the protest demanded that the owners of the pipeline Total (Exploration and Production) should come to the community to dialogue with the people before the job can continue.
A spokesman for the community Rev. Humphrey Nsirim, said the community would not have embarked on the action if the company provided what was due to the people.
Rev Nsirim alleged that the company turned down the request to dialogue with them which would have averted the stoppage of work on the pipeline project because the people are ready to discuss.
According to the spokesman, “we wrote to them formally requesting for dialogue but uptill today no response from them and realizing that the work was about being concluded we therefore decided to protest and stop work if that would make them to listen to us”.
He also alleged that an earlier agreement with the community was not followed by the company instead they planned to cause disaffection among members of the community.
Also speaking, the Acting Chairman of Ikoro Ogbodo (Youth Leader) Mr Igochukwu Wosu, said “we are here on a peaceful demonstration to draw the attention of the oil company to discussion with the host community.
Mr Wosu alleged that the company had not complied with the items contained in the Memorandum of Understanding (MoU) reached with the community, stressing that the remaining section of the work would take few days to complete.
He explained that the use of yellow palm fronts was a local way of suing for peace and negotiation, pointing out that security agents have been notified on the peace demonstration and so far they had been very cooperative.
The Youth leader hinted that the company’s Public Relations Officer (PRO) attached to the project who promised to bring a team to discuss with the people can no longer be reached through his mobile phone, adding that the people are resolute in the demand for compliance.
A staff of Saipem on site who did not disclose his name, told The Tide that they came to work in the morning and saw community youths who stopped them from work but disclosed that they have communicated the office for necessary action.
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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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