Business
NGO Decries Oil Spill In Mobil’s Host Communities
Community Watch of Nigeria, an Eket, Akwa Ibom based Non Government Organisation (NGO), says the November 9 oil spill from Qua Iboe oil fields had affected coastal communities in the state adversely .
The President of the NGO Chief Samingo Etukapkan, told newsmen in Eket that the spill had crippled economic activities amongst the fishing settlements.
Etukapkan regretted that since the spill more than two weeks now, no relief has been sent to thousands of fishermen who were abruptly forced out of the Atlantic by the incident.
He described the spill as massive and dismissed the estimated volume of 200 barrels as a ploy by the management of the oil firm to minimise its liabilities.
“It has come to our knowledge that Mobil has put the estimate of crude oil spilled from its pipeline in the spill as low as 200 barrels but what we have seen at the coastline during our own checks, points to the contrary. If you take the size of the said pipeline which has a diameter of 24 inches, the pressure on the pipeline and the time it took them to notice the spill and shut the pipeline you will conclude that the volume they are claiming is unrealistic, he said.
He said if you pour 200 barrels of crude into the Atlantic Ocean at Idoho platform you cannot find any trace of it at the shoreline 20 kilometres away.
Pointing out that from the intensity of crude deposits at the coastline, we think that the volume of crude cannot be less than 10,000 barrels and we urged the oil industry regulators to do a thorough job and give us an exact figure.
In a response statement signed by Paul Arinze, the General Manager, Government and Public Affairs, Mobil Producing Nigeria, the oil firm said that the 200 barrels were a preliminary estimate for planning purposes.
Arinze said that an investigation into the cause of the release was ongoing, adding that the initial figure was an early volume estimate required to support planning of response efforts.
“An investigation into the cause of the release is ongoing. ‘’A preliminary estimate of approximately two hundred (200) barrels of oil has been provided to the regulatory authorities.
“An early volume estimate is required to support planning of response efforts and once the incident investigation is complete, the volume released will be updated’’, the oil firm stated.
It would be recalled that Mobil had deployed some 500 workers for the mop up exercise at the Atlantic coastline while dispersants and heavy equipment were being used to combat the oil discharge at the offshore platform 20 kilometers off the coast.
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.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
News4 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Sports4 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
Politics4 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Politics4 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Sports4 days agoPalace ready To Sell Guehi For Right Price
-
Sports4 days agoNPFL To Settle Feud between Remo Stars, Ikorodu City
-
Sports4 days agoArsenal must win trophies to leave legacy – Arteta
-
Sports4 days agoTottenham Captain Criticises Club’s Hierarchy
