Business
JTF Destroys 135 Illegal Refineries, Seizes Two Barges
The Joint Task Force (JTF)
in the Niger Delta said last Sunday, in Yenagoa that it had shut down 135 illegal crude refineries and seized two barges used by oil thieves.
In a statement by JTF’s Media Co-ordinator, Col. Onyema Nwachukwu, the taskforce said the operation was carried out between November 22 and November 30 in Rivers, Bayelsa and Delta State.
Reports say that the operation was tagged “Operation Pulo Shield’’.
The JTF, which stated that it remained resolute and committed to reducing oil theft in the region, said a suspected oil thief arrested during the crackdown was being interrogated.
“In Bayelsa, we have uncovered and cracked down on 134 illegal crude oil distillation camps, 34 Cotonou boats and 36 pumping machines.
“We have also recovered 12 illegal oil dumps used by oil thieves in Igbematoru, Oyeregbene, Lasukugbere, Mbikiba and Ewesusho communities in Southern Ijaw, Brass and Nembe local government areas of Bayelsa.
“Some of the camps were being regenerated by the oil thieves before the crackdown.
“A locally-fabricated steel barge containing products suspected to be illegally-distilled Automated Gas Oil (AGO) was also intercepted by the patrol team around Nembe 2 flow station,’’ Nwachukwu said.
He said the barge had been towed to Nembe 1 flow station for safe custody.
The statement also said a wooden barge and two wooden boats conveying unascertained quantity of adulterated AGO were seized during patrols in Alakri-Okirika waterways in the Okirika local government areas of Rivers State.
It added that the wooden barge had been recovered and secured at Peterside House Boat, a detachment of the JTF.
The statement said further that JTF operatives shut down an illegal crude oil distillation camp at Orhobo village in Jesse, Ethiope East local government area of Delta.
“A suspected oil thief was caught ‘in the act’ at Odidi II, near Takula in Warri South West local government area of Delta.
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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