Business
Slave Labour: PENGASSAN Withdraws Members’ Services In Firm
The Petrochemical and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has withdrawn the services of its members working with Oil Data Wireline Limited following allegations of slave labour practices perpetrated against its members by the company.
A letter signed by the Assistant Secretary, Port Harcourt zone of the association, Comrade Tamuno Dappa, and made available to The Tide, indicated that the management of Oil Data Wireline Limited, wrongfully terminated the appointment of seven members of the association and also suspended the employment of the branch chairman of the body. The letter also stated that members of the association in the services of Oil Data were victimised because of their insistence to unionise in line with stipulated extent labour laws, and directives of the International Labour Organisation (ILO) 87 and 98.
The association described the termination of the appointment of its members as a gross violation of their constitutional rights, and contravention of section 40 of the constitution of the Federal Republic of Nigeria.
The association expressed dismay over the draconian policies of the company which led to the truncating of an ongoing process of negotiation mediated by the Federal Ministry of Labour and Employment for peaceful resolution of the matter.
“On Wednesday February 28, 2018, the association and management of Oil Data Wireline Limited held a meeting at the Federal Ministry of Labour and Employment, and both Parties, signed a communiqué after reaching an agreement, surprisingly the management of the oil company in connivance with some military personnel harassed and brutalized our members. We therefore withdraw of our members”.
The association also called on relevant authorities to intervene into the matter and vowed to always protect the interest and welfare of its members.
Taneh Beemene
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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