Business
Kogi Explains Delay In Poly Workers’ Salary Payment …Uncovers N145m Fraud In Salary Voucher
Kogi State Government says the discovery of N145 million fraud in the salary voucher of the Kogi State Polytechnic, Lokoja is responsible for the delay in the payment of July salary of its workers.
The Director -General, Kogi State Bureau of Information and Grassroots Mobilisation, Alhaji Abdulmalik Abdulkareem, said this in a statement made available to newsmen in Lokoja last Sunday.
The government’s statement is in response to an earlier threat by the institution’s local chapter of the Academic Staff Union of Polytechnics (ASUP) to embark on an indefinite strike over non-payment of July salary of its members.
“Kogi State Government affirmed that the discovery of N145 million fraud in the salary vouchers was responsible for the delay in payment of the July salary . This is based on facts obtained from the office of Auditor -General of Kogi State,” the statement said.
The ASUP had threatened to direct its members to embark on strike if the July salary of its members is not paid latest by September 11.
Abdulkareem faulted the position of ASUP and other unions in the polytechnic, saying that the delay in payment of their July salary was self-inflicted .
He alleged that some accounts staff of the polytechnic bloated the salary vouchers to defraud the state government of N145 million.
According to him, the salary is being delayed to give room for a thorough investigation into the alleged fraud.
The director-general said the state government had recovered N145m from over bloated wage bill.
He , however, assured that all staff would start receiving their July salary as from September 11.
Abdulkareem said that government had directed that salary of workers in the salary unit of the polytechnic be put on hold pending the conclusion of investigation.
According to him, investigations showed that staff in charge of salary payment perpetrated the scam by transferring money into accounts of some cooperatives societies and unions.
“Salaries of some staff of the polytechnic were also fraudulently bloated,” he said.
Abdulkareem said that there was no need for ASUP and other unions to go on strike again as government would start paying their July salary by September 11.
He reiterated government’s zero tolerance for corruption adding that no efforts would be spared to put an end to such fraudulent practices.
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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.
