Business
C Of Os: Delta Land Owners Get 90-Day Ultimatum
The Delta State
Government has vowed to declare all Certificates of Occupancy (C of Os) that are not electronically generated into its “Fast Track Delta” data base invalid within 90 days.
The ultimatum was issued on Friday, August 12, 2016 to land owners in the state by the Commissioner for Lànds, Surveys and Urban Development, Mr. Dan Okenyi while publicly issuing some electronic C of Os to recipients.
Although many land owners in the state have frowned at the enforcement of the newly introduced “Electronic C of O” which was flagged off by Governor Ifeanyi Okowa in March this year, claiming it was an extortionist plot by the state government, the Ministry of Lands, Surveys and Urban Development. They argued that the new policy allows land owners to pay the sum of Two Hundred and Twenty Five Thousand Naira (N225, 000), effective from August 1, 2016 and be issued the C of O within 90 days of application.
Mr. Okenyi, who was accompanied by the Commissioner for Information, Mr. Patrick Ukah during the issuance of the electronic C of O to recipients on Friday, insisted that the state policy would help eliminate disputes over ownership of landed property in the event of death, increases value of land since it is secure and fraud proof.
He disclosed that the Ministry of Lands, Surveys and Urban Development has also been strengthened to issue approvals for building plans within 48 hours upon the payment of necessary regular fees, just as he added that the state governor has approved a discounted 7.5 per cent payment on ground rent.
Earlier, a Consultant and Deputy CEO, Fasttrack Delta, Mr. Iku Chuks, said the mandate by the state government was to embark on the re-authentication and revalidation of both government and private lands which he said has proven to be of great benefit, hence it serves as collateral due to its electronic value and relevance.
Meanwhile, the state Commissioner for Information, Mr. Patrick Ukah, said the initiative was not to witch-hunt anybody but to eliminate ambiguity in ownership of lands within the state, enjoining the media to help in forming public opinions on the gains derived from obtaining the electronically generated Certificate of Occupancy (C of O).
Albert Ograka, Asaba
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.
