Business
Customs Destabilises Illegal Rice Smugglers .Impounds 10,000 Bags Of Rice
A Nigeria Customs Service (NCS) anti-smuggling squad led by Chief Superintendent Yusfu Ahmed (CSC), has dealt a massive blow to some illegal rice importers, as his squad seized 10,000 bags of rice along the Badagry coastal water.
But he did not arrest any of the smugglers, a situation watcher of industry do not seem very proud about.
For years the Customs appeared to have been satisfied making seizures, but have failed to bring the underworld smugglers to book while smuggling appear to grow in seize and sophistication, day by day.
The Custom Comptroller-General’s Special Anti-Smuggling Squad, Western Zone, headed by Chief Superintended Ahmed Yusuf incidentally at a press briefing displayed over 10,000 bags of rice seized along Badagry –Lagos coastal water.
An elated Yusuf explained that customs surveillance activities along the Lagos Coastline within the metropolis and the suburbs had been rewarded recently when a patrol team intercepted and arrested a boat loaded with rice.
He disclosed that the big time seizure which valuation was yet to be determined as at press time was as a result of networking.
But despite its avowed war on smuggling, the NCS may have an uphill task explaining the mysterious disappearance of a certain smuggling kingpin in a huge seizure like that of Yusuf. Or where is the meeting point between the Customs and the smugglers kingpin.
All efforts to reach the Squad Coordinator, Deputy Comptroller Shallangwa Hassan, to comment on the issue in person or on the telephone proved abortive.
Nevertheless, many industry watchers posit that the matter follows a worrisome trend where often Customs claim to have impounded abandoned smuggled goods or to have intercepted and seized vehicle bearing smuggled goods, arresting the drivers, while the owners are said to have fled, and never ever to be found.
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.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
News4 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Sports3 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
Politics3 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Politics3 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Sports3 days agoNPFL To Settle Feud between Remo Stars, Ikorodu City
-
Sports3 days agoPalace ready To Sell Guehi For Right Price
-
Sports3 days agoArsenal must win trophies to leave legacy – Arteta
-
Sports3 days agoTottenham Captain Criticises Club’s Hierarchy
