Business
Bayelsa Community Protests Alleged Neglect, Disrupts NAOC Activities
The people of Egebekiri Community in Nembe Local Government Area of Bayelsa yesterday protested alleged neglect by the Nigerian Agip Oil Company (NAOC).
The Tide Source reports that the community members yesterday protested at Agip’s Obama Flow Station, disrupting production in oil wells 5, 7, 9 and 12.
An Egebekiri Community leader, Chief Karibi MacDonald, said during the protest that Agip had yet to pay the community any form of royalty since it started oil exploration in the community over 40 years ago.
MacDonald said that the community was tired of writing fruitless letters to the company.
He said that a Supreme Court judgment of July 13, 2007, confirmed the community as the legal owner of the land hosting the oilfield.
He alleged that NAOC continued to give the community’s rights and benefits to some persons in neighbouring communities.
“It is almost 10 years now since that Supreme Court ruling, but NAOC is yet to honour the ruling.
“They are yet to recognise and deal with us as landlords of the environment where the company has continued to extract crude oil from four wells,” MacDonald said.
Chief Egbe John, also among the protesters, said: “Today, we are saying we are tired after writing over 30 letters to various departments and the Bayelsa State governor and his special advisers on oil and gas and security.
“We have also written to the headquarters and sector command of the Joint Task Force, and the Commander, Central Naval Command.”
Similarly, Mrs Ofabara Egebe, also a member of the community, said that Egebekiri could no longer endure the alleged neglect as it had nothing to show for being an oil-producing community.
“The only compensation made by Agip was for its destruction of economic trees; we still have receipt of that payment.
“Nothing more has been given to our community by way of contracts or royalties as landlords hosting four oil wells operated by Agip.
“We are tired of the suffering and injustice by Agip; that is why we decided to protest today,” Egebe said.
When contacted on the disruption of oil production, Maj. Abubakar Abdullahi, Spokesman for the Joint Task Force in the Niger Delta, said that the military had since restored normalcy to the area.
“Our mandate is clear, and that is to protect oil and gas infrastructure.
“If any community has issues against any company, let them resolve it legally. JTF will not tolerate any threat to its mandate.
“We handled it professionally within our rules of engagement,’’he said.
Mr Fillippo Cotalini, Media Relations Manager of Eni, the parent company of NAOC, declined comments on the development.
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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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