Business
Association Urges NCC To Arrest Fraudulent Telecom Registration Agents
The National Association of Telecommunication Subscribers (NATCOMS), Chief Deolu Ogunbanjo, has urged the NCC to arrest any telecom registration agent found extorting subscribers.
The Tide learnt that some agents openly asked for N100 before registering SIM cards.
Ogunbanjo, the NATCOMS President,said that the SIM card registration should be absolutely free.
Investigation revealed that some agents said that they used the money realised from registration to sustain themselves..
“The money being paid by telecom operator is not enough to meet our needs. How much is N20 per registration?.
“We have asked the operators to increase what they pay us, but they refused.
“So, we don’t have any other choice, but to ask for a token amount from those who want to register their lines.’’
Ogunbanjo urged the NCC to call the operators to order by asking their agents to desist from the act or risk being arrested by the security agents.
“NCC should direct the operators to stop collecting N100 from subscribers that are willing to register their lines.
“Why should some people take the advantage of the NCC deadline to subscribers to register all unregistered lines to extort ?
“The association will also call all the operators to warn their agents that any of them caught extorting will be arrested.
“Such machine used in extorting the subscribers will be seized from the operators by the NCC,” Ogunbanjo said.
The NATCOMS official flayed such fraudulent practises by the agents.
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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