Business
NCC Decries Cyber Crimes In Nigeria
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has raised alarm over the spate of cyber-crimes in the country.
He regretted the high level of cyber-crimes in the country, warning internet and cell phone users to avoid falling victims to internet fraudsters.
Danbatta, who was represented by the Deputy Director Consumer Affairs Bureau, Alhaji Ismail Adedigba, said following the high rate of cyber-crime in the country, the commission came up with a theme, “Mitigating Effects of Cybercrimes: The Roles of Telecom Consumers” this year in order to educate Nigerians on the danger posed by cyber fraudsters.
Speaking yesterday at the 103rd edition of Consumer Outreach Programme (COP), Danbatta said: “In line with our mandate to continuously educate and enlighten the consumers on industry issues, the theme of this event: ‘Mitigating Effects of Cybercrimes: The Roles of Telecom Consumers’ has been carefully chosen in order to sensitize telecoms consumers first, on the rising wave of cybercrime in its various forms, the danger it poses and second, the role which telecoms consumers are expected to play in reducing the impacts of cybercrimes on them.”
According to him, the commission has put in place the Internet Code as an intervention strategy to secure the country’s cyber space “against imminent threats from cyber attackers,” as well as address such issues as online child protection, privacy and data protection.
“While the regulatory intervention and other initiatives are ongoing to sanitise our internet space, telecoms consumers, majority of whom now use internet-enabled and other smart devices, must play their roles,” Danbatta noted.
He promised that the commission will do everything to educate internet users by rolling out various enlightenment education strategies as well as ensuring that its internet industry code of practice was being strictly observed to reduce internet fraud.
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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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