Business
Landlord In Court For Allegedly Stealing Tenant’s N.85m
A Lagos landlord, Donald Ohanu, was last Wednesday arraigned in Lagos for allegedly locking out his tenant and stealing his money.
Ohanu, 57, is standing trial before Magistrate Maimunat Folami of EjigboMagistrates’ Court on a three-count charge of breach of peace, assault and stealing.
The prosecutor, Cpl. Oladejo Balogun, told the court that Ohanu, being the landlord, asked Emmanuel Udobong, the complainant, to pack out of his house following a disagreement between them.
Balogun said that the accused unlawfully assaulted Udobong by dragging him on the floor out of his room.
“Ohanu also conducted himself in a manner likely to cause a breach of the peace by locking the complainant outside the house and preventing him from sleeping in the house.
“He stole his tenant’s money totalling N850,000 while he locked him outside,’’ Balogun said.
He said that the accused committed the offence on April 3 at about 10 p.m., at 7, Taiwo Longe St., Akesan, Lagos.
The offences, he said, contravened Sections 166, 170 and 278 of the Criminal Laws of Lagos State 2011.
The accused pleaded not guilty to the charges and was granted bail in the sum of N200,000 with two sureties in like sum.
Folami adjourned the case till May 25 for trial.
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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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