Business
Customs Impounds 5,400 Cartons Of Poultry Products
The Federal Operations Unit of the Nigeria Customs Service (NCS), has impounded more than 5,400 cartons of poultry products illegally imported into the country, an official said.
The Public Relations Officer (PRO) of the command, Mr Uche Ejesieme, told the our correspondent on Monday in Lagos that the products were seized in the last two weeks.
“The Federal Government in its wisdom had to place these things on ban because the effect on the economy and on the health of our people cannot be quantified.
“When this circular came from the headquarters on zero tolerance on importation of poultry products which is aimed at protecting the local farmers from the menace of these very unpatriotic Nigerians, and some other people that collude with them, we took it very seriously.
“And like the Controller will always tell you, ours is to continue to up the ante in our exploits in anti-smuggling, to ensure that we also remain on top of our situation.”
Ejesieme said the command seized 267 cartons of poultry products valued at N107.21 million in June, while in May, some 199 cartons of the product worth N100.29 million were also confiscated.
He said the number of arrested suspected smugglers declined to eight in June down from 38 arrest made in May.
Ejesieme attributed the decline in the number of apprehended suspects to the increasing surveillance by customs.
“We have employed intelligence gathering as part of our strategies and also the use of risk profiling is part of it; that is why we have achieved this remarkable result.
“The problem is most times what you normally see is that as soon as you apprehend these people, you discover that it is only the motor boys you will see in most cases. That is why in May, we had 38 suspects; in June we had just eight.
“The law is always taking its course on them because at the end of the day, we charge them to court; the legal department will arraign the suspects in court to tidy it up.”
He attributed the increase in the number of seizures to constant capacity development of the officers and the re-equipping of the command.
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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