Business
Travel Agent In Court Over Alleged Visa Fraud
A travel agent, Livinus Odoh, 44, last Thursday appeared before an Ojo Magistrate Court in Lagos, charged with defrauding a visa seeker of N550, 000.
Odoh, who lives in Ojo, is standing trial on a three-count charge of conspiracy, theft and fraud.
The Prosecutor, ASP Godwin Eze, told the court that the accused defrauded Mr Leo Ibekwe on February 4, at the Alaba International Market, Ojo.
He said that the accused presented himself as capable of securing a Qatar visa for Ibekwe, and collected the sum from him.
“The accused did not provide the visa for Ibekwe and did not refund his money,” the prosecutor said.
He said that the offences contravened Sections 285, 312 and 409 of the Criminal Law of Lagos State, 2011.
The Tide reports that the accused is liable to 15 years imprisonment if convicted.
However, he pleaded not guilty.
The Magistrate, Mr Taslimi Shomade, granted him bail in the sum of N50,000 with two sureties in like sum.
Shomade adjourned the case to Jan. 13, 2014 for mention.
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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.
Business
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