Business
Pipeline Vandalism: NGO Wants FG To Provide Surveillance Equipment
The Stakeholders
Democracy Network (SDN), an NGO, on Tuesday urged the Federal Government to provide surveillance equipment to security personnel to tackle pipeline vandalism.
The NGO’s Country Director, Mr Imemo Samiama, made the call in Abuja in an interview with newsmen.
He said, “if the oil companies, government and the international donors can provide surveillance equipment, it will go a long way to tackle pipeline vandalism and oil theft. “
The organisation’s country director also advocated for sustained enlightenment programmes to make the populace accustomed with the dangers of oil theft and illegal bunkering.
“By educating the host communities, they will now be aware of the devastating effects of illegal oil bunkering on the economy and development of our nation.
“The sensitisation programmes will make the public to realise that they have a major role to play in reducing the scourge on the society.
“The extensive enlightenment programmes in the host communities where these pipelines pass through will make them know the dangers and encourage them to reporting cases of pipeline vandalism to security agents.
“In any region where crude oil theft is prevalent, it reduces the healthy growth of such forest to mere grasses, while fish and other aquatic animals are on the verge of extinction.
“Pipeline vandalism brought high cost of operation, loss of revenue to the nation and disruption of product distribution, causing fuel scarcity.
“All I know and keep on saying is that, it is not a crime committed ordinarily by poor people; it is a crime committed by an organised people,’’ he said.
Samiama opined that illegal oil bunkering was causing the nation a heavy sum of money to repair vandalised equipment.
He said the money that was supposed to be used for improving the economy to benefit citizens was being channeled toward repairing and replacing vandalised items.
He advised that oil companies should be more effective and thorough in the monitoring of pipelines to ensure that vandalism became a thing of the past.
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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