Business
Customs Intercepts N15.3m Contraband
The Western Marine Command (WMC) of the Nigeria Customs Service (NCS), Lagos, has intercepted contraband consisting of rice, clothes and frozen chicken valued N15.37 million.
The Customs Area Controller, Comptroller Sarkin Kebbi, made this disclosure to newsmen on Tuesday in Lagos.
Tide source reports that the contraband are: 400 bags of rice, 138 bales of clothes and 474 cartons of frozen chicken, recovered from smugglers.
Our source also reports that the seized poultry products were burnt and buried while the remaining contraband were taken to the command’s warehouse.
Kebbi said that officers of the command would continue to make life unbearable for the smugglers.
The controller, who expressed regret that no arrest was made, pointed out that the smugglers disappeared into the waters on sighting the officers.
“This time around, the seizures were made at two different places.
“The bales of clothes, rubber sandals and frozen chicken, were seized at Ilufe Ojo Alaba by the joint patrol team officers on Thursday July, 6.
“For the rice, the seizure took place at Tungeji Ijofin Creek along Nigeria-Republic of Benin axis on Tuesday July 11,’’ he said.
According to him, the command was able to achieve the feat with the support extended to it by the Comptroller-General of Customs, retired Col. Hameed Ali’s management team.
He implored stakeholders and the public to assist the command with useful information that would aid them in their job.
Kebbi warned smugglers to stay away from the nation’s waterways, as officers of the command had zero tolerance for nefarious activities.
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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