Business
Safety Expert Urges FG, NIWA’s Synergy In Wrecks Removal
The Federal Ministry of
Defence Headquarters have been called upon to liaise with the National Inland Waterways Authority (NIWA) to remove wreckages of boats and barges that were blown-up and sunk by the Joint Task Force (JTF) on destruction of illegal bunkering activities in the Niger Delta region.
The call was made by a Marine Consultant and Safety Expert, Mr Wakama Jhozaar during a chat with The Tide Correspondent in Port Harcourt.
Jhozaar said there is need for such synergy because the wrecks are posing a great challenge for effective navigation and safety of marine operators, stressing that there were many sub-merged wrecks as some are visible during low tide while others are not.
“Any contact with such wrecks means that the investments of that person is gone and nobody is responsible and there is no one to complain to in case of any accident,” he said.
He noted that National Inland Waterways Authority (NIWA) would have been the agency responsible to carry out that function effectively, but their best is not enough as they do not have the necessary equipment to evacuate and execute the jobs, but it is unfortunate that the Defence Headquarters however gave out the job to private contractors that also do not have the facilities to carry out such project.
“The issue of wreck removal is capital intensive and needs the expertise, and not for job seekers that have no idea about the exercise”, Jhozaar hinted. He further disclosed that when the contract is awarded to these job seekers, they only remove the juicy parts of the wreckages for sale and leave the rest under the water.
The marine consultant further hinted that those contractors are not bothered about removing the wrecks from the waterways but only the important metals, while they leave the greater parts in the water, causing a great problem to marine operators.
He stressed the need for the Defence Headquarters to liaise with NIWA to remove the illegal bunkering barges, vessels, tug-boats and others the JTF set ablaze and sunk.
Collins Barasimeye & Margret Ogwama
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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