Business
Militants Are Pirates, JTF Tells Court
The former Sector III Commander of the Joint Military Task Force (JTF) in Rivers State, Col Mutia Adeyemi Yekini, has told a Port Harcourt High Court presided over by Justice Boma Diepiri that the 57 militant suspects standing trial before the court were responsible for various criminal activities on the Bonny waterways.
Col Yekini made the revelations while testifying before the court last Friday in Port Harcourt.
Col Yekini disclosed that prior to the arrest of the accused persons in November 2010, intelligence report reaching the security outfit revealed that the group led by one Otonyeme Kuna, alias Obese” was responsible for criminal activities off the Bonny coast.
The JTF sector commander stated that an order was given by the headquarters to dislodge the gang, adding that during one of the reconnaissance exercise conducted by JTF, the hideout of the accused was located at Borokiri.
The Borokiri camp, according to him, was located 21 nautical miles off the coast of Bonny and 1.5 kilometres from Ke community.
Col Yekini stated that after 14 reconnaissance operations by the security outfit, the gang was dislodged on November 18, 2010 as about 63 members of the gang were arrested.
Though he did not give figures of casualties, the army officer disclosed that during the operations, members of the taskforce carried out under ground fire from the camp, resulting in an exchange of gunfire for three days.
Col Yekini further stated that after the camp was overran in the early morning hours of 18 November, 19 hostages being held by the accused persons were released including eight foreigners and 11 Nigerians.
Besides, he told the court that huge cache of arms and live ammunition including other military kits and equipment were equally recovered from the Borokiri militant camp.
But during a cross examination by the accused counsel, Barrister Ogbuawa argued that the witness did not arrest any of his clients with arms neither were the ammunition recovered from Borokiri camp.
Barrister Oguawa submitted that there were no marks to show that the accused were the owners of the arms.
Another defence counsel, Barrister Fortune Amachree argued that against the claims made by Col Yekini, casualties would have arisen from the JTF operation, adding that if there were no casualty, then all the witness claims were false.
Barr Ken Asuete represented by Barrister T.G.Wokoma in the defence was of the view that the said camp was a fishing settlement in Kalabari land and had no links with militant activities.
State counsel,, Barrister Otoyetari Okoye pleaded the court to admit the photographs taken by the JTF commander during the operation, after admitting the photograph based on their relevance to the matter, Justice Boma Diepiri adjourned further cross examination to 8th of July.
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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