Business
Recalled TIMARIV Officers Groam Under Unpaid Salaries
The recently recalled 20-officers of the Rivers State Road Traffic Management Authority (TIMARIV) who were dismissed for alleged corruption, misconduct and sundry offences have been groaming in penury over their four-months unpaid salary.
Some of the affected officers who spoke to The Tide correspondent in Port Harcourt on Monday under anonymity said all efforts to meet with the management to finally resolve the issues and pay them their back-log of salaries had proved abortive, even with the intervention of the National Executive of the Amalgamated Union of Public Corporation’s Civil Service Technical and Recreational Services Employees (AUPCTRE).
According to them, it is disheartening that since they were recalled on December 1, 2014, they have not had the opportunity to have a dialogue with them and also restore payment of their salaries for the past four months.
They lamented that the situation is seriously affecting their livelihood as some could not pay their children’s school fees, house rents, as well as feed their families.
The re-absorbed officers who have since exonerated themselves from the allegations are passionately appealing to the authorities to do everything possible to cushion their plight by paying them their back-log of salaries.
It would be recalled that the earlier dismissal of the officers was said to be in line with section 4 (030401) and (030402) of the Public Service Rules having failed inter-alia to appear before an investigation and disciplinary panel set up by the management that sat between October 27-31, 2014, but were recalled on the condition that they will be placed on certain grade levels, be on six-months probation as well as provide a letter of undertaken pledging to abide by the rules and regulations of the authority.
They were also charged to conduct themselves professionally and in a manner befitting of an officer of the agency.
All efforts to get comment from the Acting Controller General of TIMARIV, Confidence Eke, provide abortive as he was said to be out of the state.
Collins Barasimeye
L-R: Arc Godwin O. Okoronkwo, with Engineer Sado Patrick and Rivers State Chairman, Nigeria Institute of Quantity Surveyors (NIQS), Mr. Anifowose I. Abayomi, during a visit to CBN Centre of Excellence at University of Port Harcourt. Photo: Egberi .A. Sampson
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.
