Business
Keke NAPEP Operators Allege Harassment By TIMA – RIV
Operators of Tricycles, Popularly known as Keke NAPEP have protested over what they described as illegal harassment by men of the Rivers State Traffic Management Authority (TIMA-RIV).
Speaking to The Tide on Tuesday at New Road, off Ada-George Road, Port Harcourt the Chairman of the Tricycle Assocation, John Ademola condemned the incessant harassment and intimidation of their members.
He said TIMA-RIV’s decision to impound tricycles on the road is a violation of the law that established the Authority adding that the law banning Motor Cycle recently in Port Harcourt, Obio/Akpor, Oyigbo and Eleme Local Government Areas did not affect rricycle.
According to him about 78 tricycles have been impounded by the road marshals of TIMA – Riv without any charges and respect for the rule of law.
The chairman maintained that the association’s case with the Rivers State Government concerning the banning of Tricycles in the state is yet to be decided in the appeal court, saying that any action contrary to the status quo, pending when the case will be decided is tantamounting to the contempt of court.
Ademola argued that a situation where agency like TIMA – Riv should concern itself on impounding legistimately registered tricycle operatining out of the major road does not befit its reputation, noting that their primary mandate is targeted at road traffic decongestion in the state.
He urged the Rivers State Road Traffic Management Authority to release his members’ tricycles unconditionally.
Effort to contact the controller of TIMA – Riv, General Nelson Jaja, proved unsuccessful as he was said to be out on official duties.
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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