Business
Shut Flow Station: Shell Denies Links With Warring Groups
Oil giant, Shell Petroleum Development Company (SPDC) has denied allegations linking it to reported clashes between groups of people who unlawfully occupied the company’s facility in Belema community, Akuku- Toru Local Government Area of Rivers State.
The firm said the c1ashes between those occupying its production facilities at the Belema Flow Station and the Gas Plant since August 11, 2017 and a group of people protesting the continued occupation of the facilities by the invaders.
SPDC’s Media Relations Manager, Bamidele Odugbesa disclosed this in a statement titled ‘Shell Calls for Dialogue On Belema Flow Station and Gas Plant’, and made available to newsmen in Port Harcourt.
The Tide recalls that some residents of Belema and Offoin-ama communities had shut down the flow station over alleged neglect of their interest by the oil firm and also demanded/hell’s replacement with another firm to manage the facility.
A prominent indigene of the area and National Secretary of the Pan Niger Delta Forum (PANDEF), Chief Anabs Sara-Igbe, while reacting to the incident, also accused the company of neglect, insisting that the flow station will not be opened until an amicable resolution of the issues was reached.
Sara-Igbe queried, “What development projects have Shell cited in those areas. If you go to these areas, it is an eye sore. The water they drink in this modern day is something you cannot imagine.
But SPDC in the statement restated its commitment to dialogue and peaceful
resolution of disagreements with the invaders and advised stakeholders in the matter to give the Rivers State Government) initiated mediation process the chance to resolve the disagreements peacefully.
The statement reads, “The Shell Petroleum Development Company of Nigeria Limited (SPDC) debunked allegations in paid radio announcements falsely linking it to reported incidents of clashes between a group of invaders who have been in unlawful occupation of the company’s production facilities at Belema Flow Station and Gas Plant since August 11, 2017 and a group of people protesting the continued occupation of the facilities by the invaders.
“SPDC has also restated its commitment to dialogue and peaceful resolution of disagreements with the invaders.
“A group of people invaded the facilities on August 11, 2017, ejected the staff on duty and have illegally remained in occupation of the facilities since then. The group has so far rebuffed all entreaties to resolve their grievances through dialogue but has instead demanded immediate transfer of ownership and operatorship of the facilities to their preferred indigenous oil firm, under the pretext that SPDC has over the years neglected the interests of the local community.
“SPDC believes that all stakeholders in the matter should give the Rivers State Government-initiated mediation process the chance to resolve the disagreement peacefully”, said SPDC External Relations General Manager, Igo Weli, on Tuesday.
“Contrary to the false claims in the paid radio announcements, SPDC will only resume operations at the facility when it is safe to do so.
“Our primary goal is the safe and peaceful resolution of this dispute, and we encourage all parties to return to dialogue to protect the safety and security of all concerned including those occupying the facility, community members, SPDC staff and contractors,” it said.
Dennis Naku
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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