Business
FG Blacklists Firm Over Collapse Of Naval Quarters
The Federal Government has
blacklisted a construction company, EC Oba Industrial Company Limited, over the
collapsed Naval Quarters at Gwarinpa, Abuja.
The Minister
of Housing, Land and Urban Development, Ms Ama Pepple, announced this in Abuja
while briefing State House Correspondents on the outcome of the weekly Federal
Executive Council (FEC) meeting.
She said that
the ban followed the approval of the recommendations of the committee set up by
the government to investigate the collapsed three-storey building which killed
two persons in January 2012.
Pepple said
that all buildings constructed by the contractor would be subjected to
‘integrity tests’.
She said that
all the Federal Housing Authority (FHA) and Engineers involved in the
construction work were also recommended for various disciplinary measures to
serve as deterrent to others.
“Those hired
to demolish the building were not professionals and the engineers were fake.
The committee recommended that they should be prosecuted for false dignity.
“Staff of the
Federal Housing Authority implicated should be disciplined for their
complicity,” she added.
The minister
said that already her ministry had set up a committee to review the country’s
building code.
According to
her, a stakeholders’ conference is to be held by the ministry in order to
dialogue and seek support of stakeholders on the building code.
She said that State Governments would also be invited to key
into the new building code.
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.
