Business
Customs Area Command Generates N127.6m …Records 843 Seizures
The Nigeria Customs Service, Federal Operations Unit, has generated N127.6m revenue and recorded 843 seizures for the first half of the year, 2010.The Area Controller of the Command, Mr. Emmanuel Kane, said this during an inspection tour of the seized items in Lagos on Thursday.
He said, “During this period, the Command recorded a total of 843 seizures comprising of textile materials, used tyres, vegetable oil, rice, used clothes, used shoes, used motorcycles, vehicles “The total value is N453.3m; total duty is N88.9m; and total duty paid value is N545.4m along with other seizures that are yet to be properly examined.”
Although the Command is primarily enforcement in nature, a total of N127.6m was collected from underpayments and fees for the period under review. A total of 57 suspects were arrested within the period, most of who has been released on bail. Three cases have been successfully prosecuted in court and conviction secured.”
According to Kane, the Command lost five officers in the course of duty during the period under review.He further lamented the continuous attack on the Customs officers, saying that some were attacked and wounded at the Gbaji check point with their vehicles destroyed, adding that the unique nature of the task made the officers exposed to high risk.
He encouraged the officers to continue to do their best for the development of the economy and security of the nation, adding that the Command would not relent in its efforts to ensure that it increased revenue generation and sustain the fight against smuggling.Kane said, “Again, one of my patrol teams led by SC Ogbemi, S/F had a terrible head on collision with a tokunbo car being smuggled along Joga Orile road. My officers were wounded and two lives were lost in that incident. This is the type of situation we face daily. Needless to add the countless cases of assault on officers and men in the course of duty.”
He attributed the success of the Command to motivational measures especially in the area remuneration and equipment done by the Comptroller General of Customs, Alhaji Abdullahi Dikko, and charged the officers to discharge their duty accordingly.
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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