Business
Man Arrested For Burning A Vehicle
A 50-year-old tricycle operator, who allegedly mobilised motorcyclists to set a taxi cap on fire on Nov. 1, on Old Kutunku Road, Gwagwalada, FCT, has been arrested by the police.
Mr Charles Mozie, Gwagwalada Divisional Police Office, confirmed the arrest in an interview with our correspondent.
The DPO said that the burnt taxi, with plate number SA 729 GKB belonged to one Mr Komolafe Oluwaseun, a resident of Giri in Gwagwalada.
Mozie debunked the rumour, that Oluwaseun kidnapped three children for rituals.
He said that the burning of the taxi, resulted from a misunderstanding between the tricycle operator and the taxi driver at a narrow spot on the road that is under construction.
“Oluwaseun, his brother, the brother’s wife and their two children were returning from the church and discovered a Keke Napep abandoned on the narrow road.’’
Mozie said that since the owner of the tricycle was not around, Oluwaseun and the relations decided to move the Keke Napep away from the road to enable him and others continue their journey.
“The Napep operator, having seen his tricycle removed, showed up and claimed his handset and the money he realised for the day were stolen by the taxi driver.’’
The DPO alleged that tricycle operator mobilised some motorcyclists to chase Oluwaseun, adding that they caught him and inflicted injuries on him and also burnt his car.
Oluwaseun, who spoke in a telephone interview with our correspondent, said he was receiving treatment at the Gwagwalada Specialist Hospital.
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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