Business
Pensioners Protest Non-Payment Of Allowances
Members of the Nigerian Union of Federal Civil Service Pensioners, Abuja Chapter, on Tuesday protested against the non-payment of their pension allowances
Reports say that the protesters, who carried placards, marched to the office of the Head of the Civil Service of the Federation.
Some of the placards read: “Pay us our pension allowances’’, “pay us our 53 per cent pension arrears.’’
Alhaji Seriki Amuda, the Chairman of the union, said that the action became necessary following the alleged “withholding and unlawful deduction from our pension allowances’’.
He said some members were being owed pension allowances of up to five years, adding that those who were lucky to get paid, were being shortchanged through illegal deductions.
The chairman said that efforts made to get their pension allowances paid had yielded no result.
Amuda said that the warning protest was organised by the Abuja chapter, to give the Head of Service time to respond to their complaints.
He said that if the authority failed to accede to their demands within the next three weeks they would embark on a nationwide protest.
“This is a warning protest by the senior citizens of this country. We have been suffering in silence.
“The man in charge normally goes to the media to say that he is doing well for pensioners, yet we are suffering,’’ Amuda said, and called on the Head of Service of the Federation to look into their plight.
Some pensioners claimed that they had been captured since 2010 but have not received any payment “hence we decided to embark on a peaceful protest’’.
Comrade Omezie Sunday, the Deputy Chairman, Nigerian Union of Federal Civil Service Pensioners, Abuja Chapter, said the union had written several letters to the office of the Head of Service of the federation but that nothing had been done.
“On its part, the office of the Presidential Task Team on Pension Reforms has been telling us that they are working on our records but nothing has been done’’.
Another pensioner, Mr Antony Gale, said that since 2004 when he retired, he had only been paid his gratuity but had yet to receive his monthly pension allowance.
Efforts by journalists to get the reaction of the Pension Reform Task Team proved abortive as they were turned back by security men at the gate.
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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