Business
Reps Warn Telecom Service Providers Over Exploitation
The House of Representa
tives has urged the Nigerian Communications Commission (NCC) to apply relevant laws in checking exploitative activities of telecommunication service providers in the country.
The called was sequel to a motion raised by Rep. Ali Madaki under matters of urgent public importance.
Moving the motion which was unanimously adopted by members, Madaki stressed the need for NCC to quickly address inefficient service delivery, exploitative tariff system and unsolicited Short Message Services (SMS).
“We all aware of what is happening in the telecommunication industry where service providers indulge in all sorts of sharp practices to make money.
“They have formed the habit of providing unsolicited services without customers’ consent and charge arbitrarily for such services without recourse to whether the customer asked or subscribed to such services or not,” Madaki said.
Leader of the House, Femi Gbajabiamila described the practice as harassment and invasion of privacy under the country’s law.
“The Constitution guarantees our privacy and also protects us from harassment of any kind.
“So, these messages violate the constitutional provision that protects peoples’ privacy.
“Everywhere in the world, there are laws guiding the conduct of business operations, and we have such laws as well.
“So, I urge that we apply the law appropriately to safeguard ourselves against this abuse,” Gbajabiamila said.
Similarly, Minority Leader of the House, Rep. Leo Ogor, insisted that the conduct of the companies was unacceptable.
“A situation where you call somebody and you can’t speak with the person but you are charged for a call that wasn’t complete is a breach of contract.
“Another aspect is where they bombard you with unsolicited text messages and news alerts using short codes for which you never subscribed is highly outrageous and unacceptable,” Ogor stated.
Rep. Amadi Dennis said “this is the only country where telecommunication operators make so much money without considering the welfare of its customers.
After the resolution that NCC should take immediate steps to check the excesses of the service providers, Speaker of the House, Yakubu Dogara, referred the matter to the Committee on Communication, when constituted, for legislative action.
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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