Business
Customs, NAFDAC Destroy N595m Illicit Drugs In Katsina
The Kaduna/Katsina
command of Nigeria Customs Service (NCS) said recently that it had destroyed illicit drugs worth N595.9 million seized from smugglers operating in Katsina State.
The command’s Area Controller, Alhaji Yerima Abubakar, disclosed this while handing over the seized drugs to NAFDAC for joint destruction in Katsina.
He said that the drugs were seized from smugglers at different border areas in the state.
He said the measure was aimed at curtailing the efforts of smugglers who were bent on turning the state into a depot for illicit drugs that were dangerous to lives of the people.
Abubakar said that the seized drugs were not registered with NAFDAC.
He regretted that some of the officers sustained various degrees of injuries, while others died during gun battle with the smugglers.
Abubakar, who thanked his officers and men for the gallant efforts, also commended other security agencies for their prompt response at the time of difficulty to combat drugs smuggling.
Mr Sariel Ankruma, who represented NAFDAC’s Director-General, attributed high rate of drugs smuggling to the high patronage for such drugs in the country.
He urged parents, religious and traditional leaders to continue to assist in the ongoing efforts at enlightening the public on the dangers associated with smuggling and abuse of illicit drugs.
Alhaji Maina Ahmad, the Controller in-charge of the customs’ Federal Operation Unit, Zone ‘B’, attributed the high rate of illicit drugs smuggling to the ‘’non adherence to international bilateral trade laws by some of the neighbouring countries’’.
Ahmad, however, urged state and local governments to intensify efforts at educating the public on the dangers of illicit drugs.
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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