Business
State Withdraws Suit Against 2 Cult Suspects
A High Court sitting in Port Harcourt has granted the request by state counsel, Nse Udoh to withdraw a matter against one Kenneth Nweneka alias “Whyte”, a suspect in the murder of Dr Iknezam Ozuru, a lecturer in the University of Port Harcourt, killed in 2008.
The court presided over by Hon Justice Boma Diepiri, had last year granted the same request against one Gabriel Ejoor, a student of UNIPORT and suspect in the murder of Dr Ozuru.
State counsel Udoh, who pleaded that the name of the two suspects be struck out in the matter told the court that the two had died in the course of the matter.
The father of late Nweneka also informed the court that unknown gunmen came to his house last month and whisked his son away only to send him a text message few days later to go and recover his son’s body in the sea.
But Justice Diepiriye asked the prosecution counsel to go and investigate the claims to confirm the authenticity of the report and inform the court.
Both Nweneka and Ejoor with 12 others were arraigned in court on suit number PHC/1506/2008CR as they were accused of illegal possession of firearms, membership of secret cult, and attempting to cause breach of peace in the University of Port Harcourt.
Apart from being accused of killing Dr Ozuru, Ejoor was alleged to have with three others murdered a student on 20TH May , 2008.
However, state counsel, Nse Udoh argued that there was no need to include the name of the two suspects as they have been allegedly reported dead.
It would be recalled that Nweneka was also re-arrested for the state charges by the police and charged to a Magistrate Court, while his matter was still ongoing in the High Court.
He and 12 others were detained on a 19th count charge of murder, membership of secret cult, illegal possession of arms and conduct likely to cause the breach of peace in the University two years ago.
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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