Business
Reps Want Aviation Sector To Comply With Laws

Representative of Nigerian Navy Medical Centre, Lt.- Commodore Esther Bitrus (left), displaying the award she won on behalf of the Navy, at the 2nd National Healthcare Waste Summit in Lagos last Tuesday. With her is Managing Director, Lagos State Waste Management Authority, Mr Ola Oresanya,
The House of
Representatives Committees on Aviation, Treaty and Agreement, and Local Content have been directed to investigate the compliance of airline operators with the relevant international and domestic laws on aviation.
The House gave the directive to the three committees in Abuja on Thursday during its plenary.
The Representatives said that the investigation would be in relation to insurance and payment of compensation to victims of air disasters.
It urged the Ministry of Aviation to ensure that the families of the victims of the air crash that occurred on October 3 were adequately compensated in line with all relevant domestic laws.
The committees are to report back to the House within six weeks with their recommendations.
The resolution followed a motion by Rep. Ifeoluwa Arowosoge which was adopted by the House without debate when put to vote by the Speaker, Aminu Tambuwal.
The motion is entitled: “The Need to Frantically Tackle the Human Factor in the Aviation Sector”.
Arowosoge, moving the motion said that an Embraer 120 airplane on October 3, 2013 conveying the corpse of late former governor of Ondo, Dr Olusegun Agagu, crashed killing 13 passengers on board.
He said that the crash which occurred on October 3 could have been avoided in view of the advice of the co-pilot and warning signs in the airplane itself.
He said the insurance status of the Embraer 120 had been generating controversies in many quarters since the Nigerian insurance firm alleged to have insured the plane denied having any business with the company operating the plane.
The lawmaker said this issue had left Nigerians in confusion as to whether the airline was insured or not insured.
He said that the lack of proper supervision of the airlines’ operation with respect to insurance policy had led to inadequate compensation to the families of victims of air crashes in the country.
He urged the House to support the motion so that the human factor in the aviation industry could be tackled.
Meanwhile, the House passed into second reading the total sum of N315.805 billion for the 2013 budget of the Niger Delta Development Commission (NDDC).
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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