Business
813 Illegal Oil Refineries Destroyed In 2013 – NSCDC
The Nigeria Security and Civil Defence Corps (NSCDC) destroyed 813 illegal oil refineries and arrested over 1,590 oil-related criminal suspects in 2013, Dr Ade Abolurin, the Commandant-General, has said.
This is contained in a statement signed by CSC Okeh Emmanuel, the Corps’ Public Relations Officer, and made available to newsmen in Abuja, recently.
The statement said that 1,549 of the suspects were undergoing prosecution, while 44 had been convicted by a court of law.
It said that 176 suspects were also arrested for vandalising PHCN facilities, railway installations, telecommunication and water infrastructure.
According to the statement, items recovered from the suspects include transmission cables, water pipes, metal cables and PHCN amoured cables, amongst others.
It said that the corps had clamped down on kidnappers, illegal traffickers, terrorists, cyber criminals and operators of baby factories.
It added that the corps had also curbed the activities of vandals and illegal bunkerers.
The statement said the corps contributed toward the reduction of vandalism of critical infrastructure and national assets.
“It is our obligation to ensure safety of public infrastructure as the cost of replacement brings setback in economic development,” the statement quoted Abolurin as saying.
It called for partnership with stakeholders to protect the nation’s infrastructure.
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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