Business
SPDC Faults Amnesty Report On Ogoniland
The Shell Petroleum Development Company (SPDC) has denied a report by Amnesty International alleging that a cache of thousands of internal documents suggesting the Anglo-Dutch oil giant’s complicity in crimes committed by the Nigerian military in the 1990s.
The report had accused Shell of repeatedly calling for military intervention against peaceful protests in the oil-producing Ogoniland in Rivers State.
The London-based organisation said Shell knew military intervention was likely to prompt human rights abuses.
Amnesty urged Nigeria, the UK and the Netherlands to begin criminal investigations into Shell’s role in the crimes.
But in response to Amnesty’s allegations, Shell has denied any wrong doing, describing the allegations as false and without any merit.
“The allegations cited in your letter against (Royal Dutch Shell) and [Shell Nigeria] are false and without merit.
“Shell Nigeria did not collude with the military authorities to suppress community unrest and in no way encouraged or advocated any acts of violence in Nigeria.
“In fact, the company believes that dialogue is the best way to resolve disputes. We have always denied these allegations, in the strongest possible terms,” said the Anglo-Dutch oil giant.
A spokesperson for SPDC, Mr. Bamidele Odugbesan, has also re-echoed the company’s position, saying the executions of Saro-wiwa and others were carried out by the military administration.
Odugbesan said in a statement, Wednesday, that Shell had also appealed to the Nigerian government to grant clemency, which was turned down.
“We have always denied, in the strongest possible terms, the allegations made in this tragic case.
“The executions of Ken Saro-Wiwa and his fellow Ogonis in 1995 were tragic events that were carried out by the military government in power at the time.
“We were shocked and saddened when we heard the news of the executions. Shell appealed to the Nigerian government to grant clemency.
“To our deep regret, that appeal, and the appeals made by many others within and outside Nigeria, went unheard.
“Support for human rights in line with the legitimate role of business is fundamental to Shell’s core values of honesty, integrity and respect for people,” Odugbesan explained.
Amnesty International’s allegations concerning SPDC are false and without merit. SPDC did not collude with the authorities to suppress community unrest and in no way encouraged or advocated any act of violence in Nigeria.
We believe that the evidence will show clearly that Shell was not responsible for these tragic events,” Odugbesan added.
Meanwhile, Amnesty International (AI) Wednesday took the campaign against human rights abuse and torture to the university community in Abuja and environs, hoping to enlist students into the war against the menace.
Country Director, Amnesty International, Nigeria, Osai Ojigho, used the occasion to call on Nigerians to support the body in its efforts to eradicate the act and or culture of torture in Nigeria.
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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