Business
Fake Phone Dealers Target Rural Communities
As the Standards
Organisation of Nigeria, (SON) intensifies its efforts against the circulation of sub-standard and fake phones in the country, investigations by our correspondent indicate that the trade has shifted to the rural areas.
Our correspondent who visited Garrison, a popular phone market along Port Harcourt-Aba expressway reports that most of the show cases used for displaying phones in the area were on the decline.
At the phone village, near MTN main office also along the Port Harcourt-Aba expressway, phone sellers no longer exhibit their usual hustle and bustle approach for fear of the unknown.
However, at the rural level, fake phone dealers pretend to sell under promo to unsuspecting public who were made to believe in the jingles that rent the air on daily basis.
For example, in Ahoada Main town, young men and women who describe themselves as sales persons parade the community with various brands of phones ranging from Samsung Galaxy, Tecno P5, H3 among other brands.
According to them, Samsung Galaxy goes for a paltry N5,000 while Tecno P5 and others go for N4,000 and below.
In Abua Central, the story is the same as our correspondent gathered that the fake phone sellers invade the community on every market day.
According to Roy Abije, a Radio Rivers Correspondent from Amalem, Abua, the public has come to the realisation that these so called phone promoters sell fake and sub-standard products.
Igolirrus Sampson, who was once a victim said he has gotten wiser, adding that the message of fake phones has been circulated throughout Abua.
Speaking to our correspondent, Mr. Johnbull Isikima, a retired teacher called on SON to extend their operations to the rural areas.
He said it was not enough for SON to concentrate their operations in Abuja and Lagos or the major cities of the country.
It could be recalled that SON in a bid to rid mobile phone markets in the country especially the Lagos Computer village of fake and substandard phones has planned to review its relationship with market associations.
Addressing journalists recently in Lagos, Head of Inspectorate and Compliance Department of SON, Mr. Bede Obayi accused the Computer Village Traders Association of Conspiring with miscreants to prevent SON from carrying out enforcement to sanitise the phone market.
He also accused the phone and Allied Products Dealers. Association of discouraging the raid, adding that during the enforcement, exercise, SON targeted Trinity technologies and Communications Limited which were known to be the brains behind such trade.
The Tide further gathered that the firm brings in unbranded phones and brand them with major brands thereby making unsuspecting Nigerians patronize them.
He described the action as unpatriotic as it fools Nigerians and short change the original owners of dividends in their investments.
“We carried out a surprise raid at the warehouse where these accessories were stockpiled. The owner/importer is a Chinese national, one of those who specialise in brining fake phones and accessories into Nigeria”, he 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.
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