Business
Union Absolves Members From VIOS’ Attacks
The Chairman,
Painted Abuja Taxis, Mr Shehu Shugaba, has absolved the union from the recent attacks on Vehicle Inspection Officers (VIOs) in the Federal Capital Territory (FCT) over alleged misconduct of the officers.
Shugaba said this in an interview with newsmen in Abuja, on the crisis that occurred between the VIOs and some commercial drivers.
According to him, the scuffle is between the VIO’s Task Force team and members of the unpainted taxi operators, not the painted taxi operators.
“Painted Abuja Taxis Union is not part of the fight against VIOs, we have told our members not to partake in the protest.
“Any of our members that gets involved in the fight will be de-registered from our union because we are duly registered and law abiding.
“ Our operation is in line with the regulations of FCTA and we have decent means of channeling our grievances,” he said.
It would be recalled that Mr Danjuma Garba, Direcor, FCT-VIO, warned protesting taxi drivers to adhere to all traffic rules in the territory, or risk arrest.
On the call for installation of Speed Limiting Device in commercial vehicles, Shugaba lauded the idea but expressed desire for affordable devices.
“Introduction of speed limiting device is a welcome development because most road accidents are speed-related.
“But it has to be pocket-friendly, given the situation of our economy,” he said.
He said a situation where each vehicle needs a device of over N40,000 to comply is not realistic to an average taxi operator.
“The transport regulators should ensure that efficient and affordable devices are made available to the public,” he said.
The Federal Road Safety Commission (FRSC) had after consultation with various stakeholders in the road transport sector, agreed on installation of the device in all vehicles.
The enforcement for commercial vehicles scheduled to commence on June 1 has been postponed untill Sept.1 due to pleas by some union leaders.
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.
