Business
FRSC Reacts To Vehicle Number Plate Judgement
The Federal Road Safety
Commission (FRSC) has said that the Federal High Court in Lagos did not wrest its power to design and produce new vehicle number plates.
The agency made the claim in a statement, issued by FRSC Public Education Officer, Mr Jonas Agwu, in Abuja in reaction to the Wednesday court verdict on the matter.
The court, presided over by Justice James Tsoho, had declared that the new number plates introduced by the commission were unconstitutional and as such could not be imposed on vehicle owners. “The issue of redesigning new number plates by the respondent is not covered under the provision of any law in Nigeria.
“The respondent cannot force Nigerians to acquire the new number plates by impounding cars without the backing of any legislation to that effect,’’ the judge said.
Agwu, however, said that the court only ruled that the commission lacked statutory authority to fix a deadline for the enforcement of the use of the new number plate.
“Justice Tsoho ruled that the FRSC has powers to design and produce the number plate as a national policy.
“The judge cautioned that the statutory powers of the FRSC does not cover setting deadlines for conversion to the newly designed plates,’’ the statement quoted Agwu as saying.
The statement said that the commission would appeal against the verdict.
It said FRSC did not set the deadline for the use of the new number plate but the states, through their Joint Tax Board, fixed the deadline.
The Joint Board had set June 30 as deadline for vehicle owners to change the old number plate to the new number plate or have their vehicles impounded.
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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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