Business
Cooperative Leader Seeks GSM Subscribers’ Databank
The President of Rivers Transport and Investment Cooperative Union Limited (RTICUL), Mr. Tubonimi Wokoma, has urged operators of the Global System for Mobile Communication (GSM) in Nigeria to establish and maintain a comprehensive databank for all its subscribers.
Speaking in a chat with The Tide in Port Harcourt, the Cooperative President said such databank will help to identify various criminal calls from subscribers.
He said that if GSM operators like the MTN, GLO and Etisalat, among other operators in Nigeria, will summon courage to have the full data of all its subscribers, before their lines could be activated, that it will go a long way to identify those that commit various crimes through GSM phones. According to him, “various crimes like frauds, theft and assassination are carried out with the use of GSM phones,” pointing out that it is now necessary that the operators have a comprehensive data of all subscribers.Mr. Wokoma maintained that such data bank is adopted in other countries of the world, particularly in the developed countries, where use of GSM to commit crime is on check.
The cooperative leader however, frowned at the unseriousness of GSM operators in Nigeria towards maintaining a databank for its subscribers, pointing out that they are only concerned about making money.
He expressed disappointment on how GSM operators in the country sell lines to subscribers on the streets and major roads in Nigerian cities, without demanding for passport and other particulars that can properly identify them.
Wokeoma stressed the need for Nigerians to be conscious of what is happening in them environment, adding that he has sent memo to the chairman of Economic and Financial Crimes Commission (EFCC), Faruda Waziri over the matter.
The Cooperative transport President also posited that if EFCC and Nigerian Communications Commission (NCC) will prevail on operators GSM crimes will be controlled.
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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