Business
NNPC Demolishes Illegal Structures Along Arepo Pipeline
The Nigeria National Petroleum Corporation (NNPC) has demolished all illegal structures constructed along its pipelines’ right of way, at Arepo in Ogun State.
Report also say that the affected structures include shops, fences, street gates, block industries, welder workshops and churches.
Armed soldiers and other security officials, including those of the Nigeria Security and Civil Defence Corps (NSCDC), were seen supervising the exercise.
Also, some people whose properties were affected were seen removing the debris, while others were seen in groups discussing the development.
Farmers who planted cassava plant along the route were also seen removing them pre-maturedly.
An official of the NNPC, who spoke to newsmen on condition of anonymity, noted that the exercise was as a result of the pipeline explosion that killed over 30 suspected petroleum pipeline vandals in the area recently.
It would be recall that Dr Ade Abolurin, Commandant General, NSCDC, recommended the demolition of the structures to curb incessant explosions caused by vandals.
Ogun State Commandant, NSCDC, Mr Aboluwoye Ebenezer, said that the exercise started on Monday, adding that his men were fully on ground to monitor the situation.
Pastor Remi Johnson, Celestial Church of Christ, whose church was affected, told newsmen that they were not aware that their structure was close to the NNPC’s right of way.
“When we bought this place, we were told that the pipeline was far from us. We are not happy that part of our church was demolished.
“There is nothing we can do. The main people that caused this problem are the vandals.
“The government should go after the vandals, who are destroying the NNPC pipes”, Johnson said.
A dry cleaner, whose shop was pulled down, Mr Etim Epko, said that they were not angry with the government, rather, they were vexed with the vandals that exposed them to the current problem.
“We will still manage the remaining part of the shop for our business. We were only given two weeks’ notice of the demolition exercise.
“We never knew there was NNPC pipeline when we bought this plot, “ Ekpo said.
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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