Business
How Two Died In Rumuagholu Well
Fresh facts have emerged over the death of two middle-aged men identified as Uche and Alloy in a well at Rumuagholu Community in Obio/Akpor Local Government Area of Rivers State, Tuesday.
The Tide investigation revealed that the number of victims would have been three but for the rescue by the fire service team of the third person, whose name could not be ascertained as at press time.
A top police officer at Rumuokoro Police Station who spoke to The Tide confirmed the incident on condition of anonymity, described the incident as sudden and unnatural as the victims were strapped in sludge mud.
The police also disclosed that the owner of the well who was invited for interrogation had been released as nothing incriminating was found on her.
When The Tide visited the community yesterday, residents were still apprehensive, but the well had been covered with the ladder the victims might have used to climb down the well before they met their untimely death.
According to an eye witness, the men had earlier used a pumping machine to drain the water before entering to clean it up and suspected that the generating set used in powering the pumping machine could have emitted smoke that choked Uche who suddenly slumped and collapsed in the well.
He disclosed that Uche’s cry for help attracted his colleague adding that both men collapsed in the mud sludge in the well.
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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