Business
Scarcity Looms As NUPENG Suspends Fuel Distribution In Badagry
Some parts of the country may experience fuel Scarcity any moment from now if the National Union of Petroeulm and Natural Gas Workers of Nigeria (NUPENG) does not resume distribution of fuel to Badargry in Ogun State. Already, most of the petroleum stations in Badagry communities have closed NUPENG suspended distribution of fuel to the city.
Mr Tayo Aboyeji, chairman, South-West Chapter of the union told our correspondent in Badagry that the suspension was due to harassment and molestation of its members by men of Customs and Army in the area.
The chairman said that the customs under the Joint Border Patrol Operations arrested a tanker driver who missed its way in Badagry and drove it to Nigeria Customs Service (NCS).
The customs was of the Federal Operations Unit (FOU) Zone ‘A’ in Ikeja.
“A tanker driver from Port Harcourt was sent to Badagry to deliver petroleum to a station, unfortunately he missed his way and while asking for direction, the tanker driver was arrested by the men of joint border patrol.
“The tanker was taken to FOU in Ikeja. I wrote to the controller on the issue and met DC Enforcement on the matter and I was directed to the officer in charge of legal issues in same office.
“OC Legal told me that he had not received the file from joint patrol operation office and promised to call me later.
“But surprisingly, our enforcement unit in Agbara stopped a tanker to check his paper to find out if its delivery documents were intact, but there were errors in his documents,” he said.
Aboyeji said that the NUPENG enforcement team thought it was a stolen product, adding that they did not know that it was a product that was under investigation that had been sold to a buyer.
“ Thinking that it was a stolen product, they drove it to Area K Police Command in Morogbo.
“I wrote a petition to the Lagos State Commissioner of Police as regard to the incident.
“Surprisingly, soldiers under the drilling exercise came to police station beat my members and forcefully drove away the tanker with its contents.
“We later heard that the tanker was used to remove the petroleum of a filling station in Badagry that had been sealed since February1.
“Both the products and the tanker have not been found, this is not done in a civilized society, a product under investigation to be sold out just like that,” he said.
According to him, we have directed our members to stop distribution of petroleum to Badagry until justice is done.
He said NUPENG will be forced to extend the suspension to Lagos as a whole if nothing to correct the injustice was done to members.
“An injury to one, is an injury to all,” he said.
Meanwhile, all efforts to get Mr Jerry Attah, the spokesman for FOU Zone A Ikeja to react to the allegations proved abortive as he did not respond to calls and messages sent to him.
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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