Business
Customs Seizes N105m Contraband In Benin
The Nigeria Customs Service (NCS) has seized contraband valued at N105.3 million in Benin, Edo State, between September 20 and October 19.
The National Coordinator, Comptroller-General of customs (CGC) Strike Force, Mr Abdullahi Kirawa, a Deputy Comptroller of Customs, disclosed this while briefing newsmen in Benin, yesterday.
Kirawa said that the impounded contraband were 2,185 bags of 50 kilogrammes of foreign par boiled rice valued at N52 million, 600 pieces of used tyres valued at N4.05 million.
Other items seized, according to him, were 516 bales of used clothing valued at N33.35 million, 35 sacks of used shoes whose cost was N840, 000 and 100 cartons of vegetable oil valued at N3 million.
He added that 67 cartons of tramadol tablets and codeine syrups valued at N12.06 million and 538 bags of substance suspected to be cannabis sativa, with 10 kilogrammes in each bag, were also seized during the period.
Kirawa said that the seizure was mainly in the hinterland of the State and attributed the success recorded by the strike force to credible information from the public and Customs Intelligence Unit.
He appealed to the public to continue to avail the Service of useful information to ensure that smuggling in the country was reduced.
The coordinator, who handed the seized drugs and suspected substances to representatives of NAFDAC and NDLEA, respectively, said that the action was to show the level of synergy among security agencies.
Receiving the drugs, NAFDAC Controller in the State, Mrs Esther Itua, said that the Director-General of the agency was vigorously championing the war against illicit drugs, including tramadol and codeine.
Similarly, Assistant Commander of NDLEA in Edo command, Mr Peter Ogar, said that fighting illicit drug trafficking was a collective responsibility which required all hands to be on deck.
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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