Business
Weapons Cache: SSS Produces Three Lebanese In Court
The State Security Service (SSS) yesterday complied with a court order and produced the three Lebanese allegedly involved in the importation of arms into the country.
The SSS brought the suspects ,Mustapha Fawaz, the owner of Amigo Supermarket, Abdallah Tahini and Tala Roda to the court.
On June 11, Justice Adeniyi Ademola of the Federal High Court in Abuja ordered the SSS, the Inspector-General of Police (I-G) and the Attorney-General of the Federation (AGF) to produce the trio.
The suspects had last week sued the SSS, I-G and AGF challenging their arrest and continued detention.
They also faulted the closure of their business premises by security agents, and demanded a public apology from the SSS, I-G and AGF, to be published in three national dailies.
They are also asking for N50 billion compensation.
At the sitting of the court yesterday, Counsel to the SSS, Mr Cliff Osagie, informed the court that following the court order, the SSS had produced the suspects in court.
“We have complied with the court order My Lord issued on June 11.
“The suspects are in court and in response, we have filed our counter affidavit in this matter,” he said.
He, however, told the court that he filed the counter affidavit and served the papers on the defendant’s Counsel, Mr Robert Clarke (SAN), in the court in the morning.
Cliff apologised to the court for the late filing of court processes on the defendant’s counsel.
Responding, Clarke told the court that the SSS had complied with the court order of June 11 and produced the suspects in court.
He told the court that the counsel to the SSS served him with a copy of the counter affidavit to their motion in court.
“My Lord, in all my years of practice, I have never seen where counsel will serve court papers in court on the day that the court has fixed a case for hearing.
“It is not a tidy way of practice. We would have agreed to go and overlook this, but the counsel on the other side, in his counter affidavit, mentioned some serious depositions.
“We will, therefore, need time within which to look at it and talk with our clients, ” he said.
Clarke told the court that he would need a reasonable time to go through the papers served on him and to prepare his reply.
He urged the court to give an order to the SSS to allow the suspects access to their lawyers at all times.
Clarke also urged the court to order for an accelerated hearing in the suit.
Upon listening to both counsels, Justice Adeniyi ordered that they serve and exchange all court processes before Monday, June 17.
Adeniyi also ordered the SSS, in which custody the suspects have been, to allow them have access to their lawyers at all times.
The judge, then adjourned hearing to June 21, in the suspects’ motion on notice which was dated June 3.
The suspects are praying for an interim order to grant them bail forthwith conditionally or unconditionally,pending the determination of the substantive Motion on Notice in the matter.
They are also praying for an interim order restraining the SSS, I-G and AGF from continued arrest, detention, harassment and intimidation of their families, relations and/or business interests, pending the determination of the substantive motion on notice in the matter.
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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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