Business
Minannuel Estate Demolition: Court To Visit Site, July 1
An FCT High Court says it will on July 1 visit the site where 500 houses belonging to Minannuel Estate Developers were demolished,.
Justice Danlami Senchi of the Zone 2 High Court, Abuja said the visit became necessary in order to establish some facts relating to the demolition.
According to him, the visit is also necessary to check the extent of demolition at the site.
The developer had sued the Federal Capital Development Authority (FCDA) over the demolition in October 2012.
Earlier, a Defence Witness, Fajimi Kolawole while being cross examined by the plaintiff’s counsel, Chief Chris Uche, told the court that he could not say whether the plaintiff’s papers were genuine or not.
Kolawole, a member of staff of the Department of Survey and Mapping, FCDA, also told the court that he never visited the site to serve any notice to stop work.
“I have never been to Kyami District, so, it will be wrong if anybody says I have visited that district.
“In the survey department, we do not deal with allocation of land. I do not know anything about the new allocation date of November 2012 as contained in the plaintiff’s papers,” Kolawole said.
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.
