Business
Illegal Parking: Park Chairman Seeks Wike’s Intervention …Accuses Police Of Aiding Act
The Deputy Chairman, Nkpolu/Oroworukwo Motor Park, Elder Glory Nnokam has attributed operations of illegal motor parks in Port Harcourt to the inability of the police command to enforce the laws relating to the matter.
Nnokam, who spoke to our correspondent last Monday in an interview in his office accused some police officers of encouraging drivers who chose to operate outside the government-owned motor park in Mile III but operate outside.
He alleged that the officers collect money from the drivers operating outside the park instead of enforcing the law against illegal motor parks in the city.
He said: “From Ikokwu to UST junction on both sides, you see commercial vehicles line up in these illegal parks and police collecting money and turning the eyes the other side”.
The Deputy Chairman noted that the practice was denying the government a lot of revenue and cause traffic obstruction as well as create chaotic situations that engender crime.”
He explained that innocent commuters were at the mercy of criminals who pick their pockets and remove some of their valuables.
Nnokam said, “so much has been said about illegal packing. Governor of the state, Nyesom Wike had given a 7-day ultimatum to transport stakeholders on the issue and that for over two months of the governor’s ultimatum, action has not been taken to enforce government stand.
He appealed to the state governor to come all out and enforce the order to end the menace of illegal parking in the area.
Our correspondent who monitored the area said there was large vacant spaces in the Mile III ultra-modern motor part while buses and taxis load and off load on the road.
Chris Oluoh
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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