Business
Number Plates: ‘FRSC Deals With MDAs, Not Individuals’
The Federal Road Safety Commission(FRSC), says it does not deal with individual officials of Ministries, Departments and Agencies (MDAs) on issuance and withdrawal of their official number plates.
Head of Media Relations and Strategy, FRSC, Mr Bisi Kazeem, stated this during a telephone interview with newsmen in Abuja recently.
The Tide reports that the clarification came in the wake of a practice whereby some vehicles hang official number plates even when owners of such vehicles have left office.
According to Kazeem, FRSC does not issue number plates to individual government officials but to the heads of their respective organisations who issue them to deserving officers and withdraw same when the need arises.
“For instance, the FRSC issues official number plates to the Clerk of the National assembly who issues them to the legislators and withdraws the plates from them after their tenure.
“It is only when an organisation finds it difficult to withdraw the plates from officials who should not use them again that FRSC intervenes by informing our field officers to retrieve them during routine check.
“The process is the same with other organisations that have official number plates issued to their officers; they are also the ones to withdraw the plates from them, but in difficult cases they involve the FRSC,” he said.
The Tide source recalls that Mr Boboye Oyeyemi, Corps Marshal, FRSC, has been emphasising the need for government officials to obey traffic laws at all times, even when using their official vehicles.
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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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