Business
PDP Chieftain Wants Death Penalty For Embezzlement
The Peoples Democratic Party (PDP) chieftain in Sokoto State, Muktar Mapia, yesterday advocated death penalty for public office holders found guilty of embezzling public funds.
Mapia told The Tide correspondent in Sokoto that such law would bring to an end cases of corrupt practice among public office holders .
He said that the nation would have achieved a lot since independence if proper measures were put in place to check the activities of corrupt public office holders
“Just take a look at China, any public officer found wanting was publicly executed,’’ he said.
Mapia added that the task ahead for the members of the National Assembly was to see to the possibility of enacting that law for corrupt practices.
“We have suffered too much in the hand of corrupt public office holders and it is time to put behind us corruption for the sake of generation yet unborn, ‘’ he said.
He said that the future generation would not “forgive us if we fail to lay a sound economic foundation for them”.
He also called on the judiciary to complement the effort of the Federal Government in the fight against corrupt practices.
“For us as a nation to achieve our desire of building a strong and viable country we must fight corruption in all ramifications, “ he said.
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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