Business
Commercial Drivers, Okada Riders Allege Police Extortion
Commercial bus drivers and Okada riders have cried out over what they described as high level of extortion by security men on Igwuruta/Etche road.
Some drivers who spoke to our reporter Saturday said between Igwuruta and Egwi town, there were about five security check points and that at each of the check points, a driver or okada rider was being forced to part with at least N50.
One of the bus drivers who identified himself simply as Chidi explained that the development has become a source of worry to most commercial drivers on the road.
“I quite commend the security officers for securing the area, but the rate at which they extort money from drivers at each check point is becoming worrisome”, he said.
Another driver, Onyebuenyi, said, “it appears that collection of N50 and N100 from any commercial driver has become part of police official work”, adding that a bus driver pays no less than N400.00 from Igwuruta to Okehi, the council headquarters.
Onyebuenyi called on the Special Monitoring Team of the Inspector-General of Police (IGP) to visit Etche to see how men of Nigeria Police on the road were defaming the force.
An Okada rider, Chima ,who operates between Igwuruta to Mumuture Mba town said the money okada riders pay to police was affecting their income.
“Imagine from Egwi, you meet a squad that always stations at Egwi/Nihi/Afara junction. This squad hardly collects anything less than N100 from an okada rider.
“Before you get to Umuaturu from Igwuruta, an Okada rider pays between N300 – N350 and you begin to wonder how much you charge a passenger. he said”
Chima appealed to the Commissioner of Police in the state to check the activities of his men on Etche road.
It would be recalled that the Inspector General of Police, Ibrahim Idris, had banned check points on public roads by the police and also set up a special squad to arrest officers collecting money from commercial drivers.
However, it appears that activities of the squad do not get to remote areas where such illegal collections still take place.
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.
