Business
Electoral Reforms Ready Before 2011 Polls – Adan
The House of Representatives says it is resolved to pass into law a well articulated and functional electoral system that would meet all standards of credibility, acceptability before the 2011 general elections in the country.
Disclosing this to The Tide at the weekend in Port Harcourt, the Chairman of House of Representatives Committee on Electoral Matters, Hon. Usman Adan explained that the on-going review of the electoral process should be concluded before the next general elections.
He noted that one of the most pressing issues before the upper and lower chambers of the National Assembly was that of electoral review, as presented by the executive arm after the Hon Justice Mohammed Uwais Review Panel.
He maintained that the electoral process would not be put on hold until the review of the 1999 Constitution is concluded, insisting that the electoral process when adopted into law would be co-opted into the reviewed constitution.
Adan said members of his committee were in the state as part of their oversight function to ensure that fund appropriated in the 2009 fiscal policy was judiciously used.He took a swipe at the recommendation in the electoral reform panel report that all the state Independent Electoral Commissions should be scrapped. According to him the House of Representatives would not agree to that aspect of the recommendation, noting that scraping of the State Independent Electoral Commissions is not the problem of the electoral process in the country.
During the visit, members of the House of Representatives Committee on Electoral Matters inspected INEC Zonal Store, where the commission received kudos over its organization and preparedness.
Earlier, the Resident Electoral Commissioner (REC) in Rivers State, Bar Josiah Uwazuruonye, while conducting the committee round the zonal store, explained that the construction of the store was to ensure that the 2011 and subsequent general elections in the state were conducted without hitches
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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