Business
NDBDA Crisis: MD Steps Aside, As FG Sets Up Committee …NLC Calls For Truce
Following the ongoing stand-off between the management of the Niger Delta Basin Development Authority (NDBDA) and its workers, the Federal Government has ordered investigation into the crisis.
The Federal Government has also directed the NDBDA Managing Director, Engr. Tonye David-West and his team to step aside with immediate effect.
The order came yesterday after a four-day face-off between workers and management of the Authority.
The Tide reliably learnt that the Federal Government has agreed to set up a committee to investigate all the allegations against the NDBDA management.
Our correspondents report that the protesting workers who had brought the operations at the NDBDA to a standstill since Monday, were accusing the management of the Authority of embezzling N1.5 billion meant for the establishment of Songhai farms across the three River Basin Development Authorities in the Niger Delta.
The Tide, however, gathered that the crisis came to a head when the David-West led management attempted to work its way back to the company after the expiration of the three year tenure of its executive directors.
Although the MD’s four year tenure ends next year, workers claimed that his continued stay in the company would cause several damages and low production due to his highhandedness.
According to them, the management had refused to pay what they called ‘Kilometer and Disengagement allowances’ to workers who had retired since two years ago, as contained in the Federal Government of Nigeria Public Service Rules, Chapter 13, Numbers 130103, 130104 of 2008 and 2009.
They also alleged that the David-West administration had neglected workers welfare in the last three years.
Engr David-West has, however, denied the allegations, saying all the monies released for the Songhai farm project were judiciously utilised.
Meanwhile, the Nigeria Labour Congress has waded into the face-off, appealing to the protesting workers to shield their swords.
Vice chairman, NLC, and chairman of the Joint Public Negotiation Council, Rivers State, Emecheta Chukwu, who addressed newsmen shortly after a closed door meeting with aggrieved workers and management of NDBDA, appealed for truce between the two warring factions.
According to him,’’ we want to use all the instruments of the law with a view to making sure that what is worth doing is worth doing well. I have made an appeal to the protesting workers of the NDBDA and the executive to dismantle every road block they have mounted on the office while we make the necessary documentation with a view to engaging the management and whoever that is responsible’’.
On some of the issues raised by the workers especially the demand that the Managing Director, Tonye David-West be removed, Chukwu said, it was not within the purview of industrial unions.
Chukwu said,’’ retention of the Managing Director has nothing to do with us as a union, it’s always from the Presidency; and I know, having gotten the brief from my members he’s still having one year disengage, but they are saying they’ re not satisfied with his operations’’.
He explained that, there were ordinances of government responsible for addressing matters of misappropriation of public funds, including the EFCC and ICPC and in this case, the supervising Ministry, the Ministry of Water Resources.
Tonye Nria-Dappa & King Onunwor
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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