Business
Customs Distributes Seized Petrol To Agencies
The Federal Operations Unit (F.O.U.) Zone ‘A’ of the Nigeria Customs Service (NCS) has distributed 2,150 jerry cans of petrol intercepted to some sister agencies and auctioned some to the general public.
The Area Controller (CAC) of the command, Comptroller Mohammed Garba, said this in Lagos on Monday while distributing the fuel to some sister agencies and the general public.
Garba said that the fuel was intercepted by men of the service in collaboration with some sister agencies – the Nigeria Police and others along a creek in Seme area, near Badagry.
He said that each of the 25kg jerry can of petrol was auctioned at N2,000 to the general public.
The controller said that the proceeds would be transferred to Federal Government’s Treasury Account.
“The Comptroller-General of Customs, Retired Col. Hameed Ali, has directed us to distribute some of the fuel to sister agencies such as the Nigerian Army, Nigeria Police Force, Fire Service, Federal Road Safety, Immigration, Department of State Service and general public.
“The comptroller-general said the smugglers might want to create trouble while the auction would be on at Seme; that is why he directed F.O.U. to distribute the fuel at Ikeja, Lagos.
“`Recently, there was scarcity of fuel and this was why we broaden our efforts to intensify our collaboration with sister agencies and intercepted the product.
“From Customs end, be it by road or water, we will intensify our efforts and intercept smuggled products until we end the smuggling business,’’ Garba said.
Reports that Customs gave 250 jerry cans of petrol to the Nigerian Army (9 Brigade), 200 to Nigeria Police Force, 100 each to Nigerian Prisons and Federal Road Safety Corp.
According to him, 50 jerry cans each were distributed to DSS, Customs Training Centre, Fire Service, Customs Compliance Team, Immigration and Customs Information Unit (CIU).
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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