Business
Ogun: Comptroller Gives Smugglers Red Card
Smugglers operating at the Idiroko/Abeokuta border last week were given red card to clear out of the area or risk aggressive action of government including arrest and prosecution.
The Customs Area Comptroller in Ogun State Command of Nigeria Customs Service (NCS), Emmanuel Dede Kane said his officers and men have been fully moblised to deal ruthlessly with smugglers if they are not ready to shun their illicit trade.
Reviewing his score card in his first 100 days in the command, Emmanuel Kane said he is prepared to dismiss any officer who will compromise the fight of making Idiroko/Abeokuta border unsafe for smuggling activities.
The Customs Area Comptroller also reminded businessmen and women patronising the border post to be wary of government ban on poultry and cassava products to avoid the long arm of the law. He said importers and exporters using the border have nothing to fear if they confine their operations within the ambit of the law.
He said his dream was to make Ogun State border a trade friendly area where legal business is encouraged while there is no hiding place for operators of illicit business through the border in the state.
Sound tough, the Customs Area Comptroller said his command was combatant ready to block illegal bush paths which smugglers use in bringing in their goods into the country.
Kane was happy that the unrelented efforts of his command have yielded positive results as smugglers are reportedly shifting ground.
Meanwhile, the command has made a total of 20 seizures of goods valued N135,674,100 and seven person arrested in connection with the crime.
But the governor of Ogun State, Gbenga Daniel says the construction of Ogun-Guangdong free trade zone when completed will boost the economy of the state.
Governor Daniel who spoke through his economic adviser, Mrs Yosolaoluwa Akinbi when he inspected the construction site at Igbesa in company of Comptroller Kane said the development of the free Trade Zone would also go a long way in promoting tourism in the state.
Comptroller, in his assessment of the Free Trade Zone, said that Nigeria has abundant tourism potentials if properly harnessed would be the catalyst for the country’s economic greatness.
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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