Business
Association Frowns At Recklessness Of “Okada’’ Riders In Lagos
The State Chairman of the Motorcycle Operators Association in Lagos State (MOALS), Mr Tijani Pekis on Monday frowned at the recklessness of commercial cyclists in the area.
In an interview with The Tide source in Lagos, Pekis appealed to riders to be extra careful to reduce the high rate of accidents involving motorcyclists.
“Accidents from okada (commercial motorcycles) have led many riders and passengers to their early graves and those fortunate to be alive have permanent disabilities.
“Accidents involving okada are always fatal because an okada passenger has nothing to hold on to in case of any eventuality, as is the case with other vehicles,’’ he said.
The MOALS chairman advised riders to be mindful of their passengers as many of them were the breadwinners of their families, adding that they should know that life has no duplicate.
Pekis also advised passengers to caution the riders when they ride carelessly, saying if a rider refused to slow down, the passenger had the right to stop the rider and disembark.
He also urged commuters to desist from overloading motorcycles as more than one passenger would not allow for balance.
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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