Business
Transporter Accuses NRC Of Habouring Touts
The Nigerian Railway Corporation (NRC) Port Harcourt, has been accused of harbouring touts in its premises, who engage in molesting innocent drivers and transporters on daily basis.
President of the Rivers Transport and Investment Cooperation Union Limited (RTICUL), Mr. Tubonimi Wokoma who alleged that railway has partnered with illegality, also expressed trauma that transporters go through on the operations of these group of people.
Wokoma explained that these group of persons have not properly identified whom they are working for, as they demand for both the Ministry of Transport (MOT) registration and colour, the Rivers State Environmental Sanitation sticker, as well as the Local Government Council stickers.
He alleged that it has become so clear that any vehicle impounded by these agents hardly go without parting with reasonable sum of at least N10,000, because as he puts it, “these boys must demand for any of the above stickers”, for which they claim that transporters must have on their vehicles.
The most annoying aspect of their operation according to the cooperative transport boss is that they do not even show sympathy for the suffering of their victims, as they would always say, “have you not heard about us in this Port Harcourt. Even governor knows that we are here, and nothing will happen”.
However, when The Tide called on the Railway station manager in Port Harcourt, Mr. Biodun Daniels for clarifications, he said that he is aware that such activities are going on at the railway premises.
Biodun explained that he met the group when he resumed office in Port Harcourt, when they were operating motorcycle (okada) business, and that they are from the Ministry of Transport and are operating legally, because the police and the Ministry of Transport made the arrangement for them.
When also contacted for comments, one of the officials of the taskforce operators who refused to disclose his identity said that they are representing the Port Harcourt City Council (PHALGA), and that because of space that was why they came to railway premises.
According to him, they do not demand for MOT and Sanitation, but that they impound vehicles that do not have daily council ticket and annual stickers and that they do not molest innocent drivers.
Corlins Walter
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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