Business
Gunmen Kill Bank Manager In PH
A bank manager was on Wednesday evening shot dead by unknown assailants who waylaid him at the Garrison/Trans-Amadi Road junction where they riddled him with bullets before taking to their heels.
Several accounts were given about the incident by eyewitnesses, but our reporter who arrived the scene shortly after the shooting gathered that the bank manager whose name was given as Mr Kunle was driving home in a jeep after work when he met his tragic death.
According to one account, Mr Kunle was caught in a traffic jam at the Garrison junction, few metres away from his office when the gunmen numbering about three blocked his vehicle and opened fire on him through his wound-up glasses.
According to the source the assailants had parked their vehicle close to the junction where they laid ambush for the bank manger before intercepting him.
Sensing that their action would attract the attention of members of the public the assailants shot sporadically into the air sending people scampering for their dear lives before they fled in their vehicles.
It was after the murderers had fled that efforts were made by Good Samaritans to help the bank chief who had slumped in the pool of his blood.
His body was moved to an unknown mortuary by 8.30 pm after the police rushed and barricaded the scene and later towed his jeep away.
Confirming the incident Rivers State Police Commissioners, Suleiman Abba told newsmen t hat the gunmen rode on a motorbike and are yet to be apprehended.
He stated that the police was yet to determine the motive behind the killing of the bank manager since investigations have just begun on the matter.
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.
