Business
Breaking Of Traffic Rules Worries FCT VIO Boss
The Director, Vehicle Inspection Office (VIO) in the Federal Capital Territory (FCT), Mr Bodinga Wadata, last Wednesday expressed displeasure over persistent breaking of traffic rules and regulations by motorists.
The director said this in an interview with newsmen in Abuja.
He said the greatest challenge facing the agency was how to tackle the continued disobedience to traffic regulations by motorists.
“This ranges from excessive speed, breaking of traffic light, driving without drivers’ license and driving vehicles with worn-out parts among others.
“This attitude and other variables have limited the management of the sector.
“Knowing the mental state of the drivers and status of the vehicles matter a lot,’’ he said.
He said many motorists intentionally flouted traffic rules and regulations without recompense to the penalties.
Wadata also said that most of the drivers had violently confronted VIO officers when cautioned, adding that arrangements were on to increase the punitive measures against lawless drivers.
He also warned handlers of tricycles and motorcycles as well as unpainted taxi operators to desist from plying routes they were not allowed to operate.
Wadata, therefore, urged commuters to stop patronising tricycles, motorcycles and unpainted taxi operators to break the agency set regulations.
He said that that the patronage had encouraged operators concerned to ply routes they were not expected to ply.
“If the public stop patronising them, we will naturally flush them out of the banned routes’’, Wadata said.
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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