Business
Crisis Looms In Oil Community …As Youth Body Parades Two Excos

Governor Samuel Ortom of Benue State (middle), welcoming the Managing Director, Bank of Agriculture (BOA), Prof. Danbala Danju, during a meeting with Executives of BOA in Abuja on Thursday. With them is the BOA Executive Director, Wholesale Finance, Mr Babatunde Igun.
Controversy is trailing the recent election conducted by the Egi Oil and Gas Producing Families Youth Association (EOGPFYA) in Ogba/Egbema/Ndoni Local Government Area of Rivers State as two separate executive committees have emerged.
The Tide gathred that the Election Committee (ELECO) put in place by the out-going Executive Committee split into two with each faction led by the Chairman, Mr. Anthony Agileba and the other by the Secretary, Uzoma Ukpaka, conducted separate elections which in turn produced two new parallel executive Committees.
A candidate for the office of President, Mr. Nakad Innocent Okwu alleged that contrary to the constitutional provision for specific date, time and venue of election to be indicated in the election guideline and time-table, these were completely absent.
The aspirant said both the Chairman, Mr. Agilebu and Secretary, Ukpaka worked at cross roads, with each having his own delegates list and also conducting parallel elections same day but at different venues.
“While ELECO Chairman conducted his at the SAR’s office at Erema, his Secretary, Uzoma Ukpaka conducted his own at Obite”, he said, adding that delegates lists were duplicated by the two, thereby making impossible for a free, fair and transparent election to be conducted.
According to Okwu, unknown delegates were forced to queue behind Prince obodo who was later paraded as Chairman by the ELECO.
He rejected the result of the election because of the alleged electoral malpractices and called on the leaders of Egi, the government and all peace-loving individuals to intervene and nip in the bud the impending danger looming over the issue.
However, in a release signed by the ELECO Chairman, Agilebu Anthony dated 14th August 2015, Obodo Prince C was announced the Executive President. He was to lead a 16-member executive that would pilot the affairs of the body for three years.
Affirming the result, the Chairman, Board of Trustees (BOT) Egi Oil and Gas Producing Families Youth Association, Hon. Roland Ajie, said the winner of the association’s general elections held on the 14th of August 2015at SARs Barrack, Erema, was Obodo prince.
The BOT Chairman urged Total E7P Nigeria Limited, government agencies as well as members of the general public to deal only with the said executive.
A release from the board and signed by the Chairman threatened that any transaction in the name of the youth body outside the Prince Obodo-led executive does not get the recognition or acceptance of the board or the association.
The Tide gathered that other contestants were also seeking for their recognition or total cancellation of the election, especially by Total Oil Company.
The fear is that if the confusion is not resolved peacefully and on time the youth election is capable of obstructing the relationship between the body and the oil firm which might in turn degenerate to crisis in the oil-rich Egi clan.
Chris Oluho
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.
