Business
Ogun FRSC Warns Motorists With Fake Number Plates
The Ijebu-Ode unit command of the FRSC, Ogun, said recently that it would henceforth prosecute any person found using fake plate number in the town.
Mr Yakubu Anto, the unit commander, said in an interview with The Tide source in Ijebu-Ode that any motorist caught with fake plate number would have his/her car impounded and sanctioned accordingly.
Anto said the command had received an order from the commission’s headquarters to impound and sanction any motorist going about with fake or unregistered plate number.
The unit commander pointed out that plate numbers are for proper identification and could be used in recovering snatched vehicles as well as tracing of owners of vehicles that were involved in accidents.
Anto advised traditional rulers and chiefs that go about with unregistered plate numbers in the town to stop the act, stressing that anyone caught would be sanctioned.
“Most people do not know the implication of using fake plate numbers.
“It is rather funny that people can spend huge sum of money in purchasing cars but find it difficult to buy registered plate numbers.
“It is, however, unfortunate that most of these fake plate numbers are used mostly by royal groups.
“Henceforth, anyone caught with fake number will be arrested, and appropriate sanction will be applied, that is the express order from the headquarters,” he stated.
Anto, however, urged motorists with fake and fancy plate numbers to get the original ones from government or reverse to the normal plate number.
Business
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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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