Business
Commission Probes Demolitions, Evictions In South-West
The National Human
Rights Commission (NHRC) has begun a four-day public inquiry into cases of demolitions and evictions in the South-West.
The inquiry which began last Monday is holding at the Federal High Court, Ikoyi in Lagos.
The Executive Secretary, NHRC, Prof. Ben Angwe, who is also the chairman of the probe panel, said the commission would look into all complaints and make recommendations to the Federal Government for appropriate action.
Angwe said the commission’s objective was to ensure that people, whose rights were violated, were addressed by the authority.
He said 11 complaints of illegal demolition by the Lagos State Government were received through the Centre for the Defence of Human Rights and Democracy in Africa.
The secretary said two of such complaints against the Ogun State Government were received from the Civil Liberties Organisation.
He stressed that the Monday session was to identify all cases while hearing would commence next Tuesday.
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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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