Business
LG Council Clamps Down On Illegal Revenue Task Force
The Obio/Akpor Local Government Council says it has taken decisive steps against illegal revenue task force in the area, particularly those that block roads to impound vehicles.
The council has also taken drastic actions towards dismantling all illegal dump sites which were being used for criminal activities in the area.
Chairman of the Council, Barr George Ariolu, who disclosed this at the weekend in Port Harcourt, during an interaction with journalists, said that the presence of illegal task force was giving the council a bad name.
According to him, any time the issue of taskforce is being mentioned, the first place that comes to people’s minds is Obio/Akpor Local Government.
He said this is a negative image that must be corrected.
“Any time people come across any group of people mounting road blocks to impound vehicles or collect money from people in the name of revenue within the area, they will conclude that they are from Obio/Akpor council.
“Just on Friday, while going to the office, very close to the council, I saw a group by the road, and they impounded a bus, and the way they rough-handled the driver just upset me.
“I had to come down from my car, and I asked them who they were working for, and they said they are from the National Union of Road Transport Workers (NURTW), and I asked my security to arrest them immediately.
“My policy is that I will not see anything going wrong and keep quiet. I will let the security operatives do their job, and let the law take its course. And since I arrested them, nobody from the NURTW has come to ask for their release, and I have not received any call from any organisation concerning them.
“This has clearly shown that some group of people can just come up and claim one thing or the other just to carry out an illegal job, and it will no longer be business as usual in this area”, Ariolu vowed.
The council boss insisted that the council did not have any revenue task force as at the moment, and do not have the intention to constitute one now, assuring that the council will follow the due process of the law in anything it does.
By: Corlins Walter
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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