Business
Ahiamakara Demolition: N139m Compensation Tears PHALGA Community Apart … EFCC Quizes Factions
The sum of N139million paid to Rebisi Central Age Group by the Rivers State Government as compensation for the demolition of Ahiamakara market at Waja area of Port Harcourt City Local Government Area of Rivers State is currently causing crisis among three groups in Rebisi Kingdom.
The Tide gathered that the two opposing camps in Rebisi Council of Chiefs and Elders are at loggerheads over the compensation sum of N139 million paid for the demolition of market shades being managed by a socio-cultural organisation, Rebisi Central Age Group.
The Tide source hinted that the N139 million is now a subject of investigation by the anti-graft agency, the Economic and Financial Crimes Commission (EFCC).
The sources further hinted that all the groups have been invited by the anti-graft agency for questioning.
Those invited include the leadership of Central Age Group and the other chiefs led by Chief Azubuike Nmerukini and Eze Uche Elikwu.
It was also learnt that the Rebisi Central Age Group headed by Elder Bennett Amadi as president general, Sunny Chuku as Secretary and Godspower Owhonda as treasure, respectively were petitioned by Rebisi Owhor Holders Council and Elders and Chiefs of Rebisi Kingdom in the Port Harcourt City Local Government Area.
The chiefs, in a petition by their counsel, U.G. Nwokocha alleged that the leadership of the age group and others tampered with the sum of N139 million paid as compensation by the state government for the acquisition of the said expanse of land and the payment was made through Zenith Bank into the account of Rebisi Central Age Group domiciled at First Bank of Nigeria PLC.
The petition urged the financial crimes agency to stop those concerned from the disbursement of the said sum of money, stressing that if not stopped, nothing would be left for the entire Rebisi Kingdom as they claimed that the demolished property was owned by the entire kingdom but managed by the Central Age Group.
It was also gathered that two weeks ago, the leadership of the Rebisi Central Age Group summoned a meeting of all Chairmen and secretaries of age groups affiliated to the Central Age Group and informed them that the President was made to sign an undertaking by the chiefs and elders headed by Nmerukini and Elikwu to return the sum of N69million to his group of chiefs and elders’ council.
According to the sources, this threat made the president general, to transfer the sum of N69 million from the coffers of the Central Age Group to the chiefs headed by Chief Nmerukini and Elikwu after the disbursement of N1.5million to each age group affiliated to the central age group.
It was on that note that the other group headed and a contender to the throne of Eze Apara Rebisi, Eze Victor Worluchem petitioned the Rebisi Central Age Group and other chiefs to return the said sum of N139 million to Rebisi kingdom.
Meanwhile, when contacted, the President General of Rebisi Central Age Group, Benneth Amadi confirmed that he was invited by the EFCC, last Thursday, and explanations were given as the area concerned was managed by the group.
Amadi regretted that the compensation had brought so much interest, but added that all along the Rebisi Central Age Group has been managing the stores and expanse of land which the money was paid for.
He argued that the expanse of land belongs to the Central Age Group, adding that the group has a judgment to that effect.
Nmerukini and Elikwu could not be reached for comment, but one of the chief whose counsel wrote the petition,Chief Cyprian Worenwu confirmed that they were all going to EFCC to sort out the issue.
He vowed that the alleged Eze Apara Rebisi Chief Victor Worlechem and his group of chiefs and elders would ensure that all legal means were exhausted to get the compensation to the owners.
‘’Our prayers is to the further sharing of the N139million and the N69million handed over to Eze Elikwu and Chief Nmerikini be retrieved immediately because the money was meant for all Rebisi indigenes and not a particular group.
When contacted, the Head, Public Affairs, Port Harcourt zone of the EFCC, Dele Oyewale confirmed that the commission was still investigating the matter, adding that those involved were also in the office of the commission for another round of interrogation, yesterday.
Oyewale said the commission would give those involved fair hearing while investigations are still on.
Business
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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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