Business
Elechi Beach Residents In Confusion As Quit Order Expires, Morrow
As the seven-day ultimatum
given to the residents of Elechi Beach in Mile One Diobu Port Harcourt expires tomorrow, majority of the residents have began massive evacuation of their personal belongings while others are approaching the notice in different ways.
Our reporter who visited the area yesterday morning reports that even when many were adhering to the government order, some are planning to protest the order.
One of the residents who spoke to our reporter Miss Ino Udoh said, “I am just confused. I don’t know where to move my properties to because I have not secured any other place but I’m considering going back to Akwa Ibom, my state, at worst”.
Another resident, John Etuk, who said he will participate amongst those to protest the seven-day quit notice said, “we want to first send delegation to the Rivers State Government House on Tuesday (yesterday) to confirm if it is actually an order from the government, because we learnt a group of people unknown persons are behind the order. So if we confirm and it is actually an order from the government we shall stage a peaceful protest to Government House to plead with the state government over the issue.
Etuk said if actually it is from the government, we plead that the order be extended to ending of this year, because the economy of the country is too harsh and difficult for us here”.
One of the landlords who pleaded anonymity agreed with the extention to end of the year, stressing that within the extention period, the landlords could see how to replace the batcher houses and shanties with modern block houses.
Another resident, Mrs Comfort John, said “since the order was announced, confusion has become the order of the day here. Businesses are no longer moving on because residents are worried on the next line of action of the government”.
She agreed that criminals have been disturbing the area which according to her justified the government order, but noted that many of the residents are innocent persons managing their lives.
“I urge Governor Nyesom Wike to consider and extend the ultimatum to two months to enable us properly prepare because seven days is not enough for one to properly move out because of the harsh economy.
Christiana Edem
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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