Business
Badagry Residents Protest Against Demolition Of Houses
Residents of five communities in Olorunda Local Council Development Area, Badagry Lagos State, on Friday protested the demolition of numerous houses in their area, which left them displaced.
They took their protest to the Lagos State House of Assembly in Ikeja, where they urged the lawmakers to come to their rescue. Spokesman of the residents, Mr Charles Adu, said that the state government should urgently come to their aid because of the hardship the demolition had brought on them.
He also said that though the state government had written them a notification letter on the impending demolition of houses at Agemuwo and Agalato communities, the exercise was extended beyond the areas.
Adu said that the residents were surprised at the extension of the demolition to Muwo Phase Two, Araromi-Ale, and Atiporomeh communities.
He said that they believed that an unknown personality, who had been using the police to intimidate the residents, had engineered the demolition.
Adu said that 250 policemen invaded the communities on December 14, 2013 to effect the demolition of their houses.
The spokesman said that the displaced residents now lived in churches and mosques under terrible conditions.
Reports have it that the protesters also threatened to go on hunger strike at the Assembly premises, until their demands were met.
Addressing them, the Speaker, Mr Adeyemi Ikuforiji, who was represented by Mr Segun Olulade, Chairman House Committee on Information, Strategy, Publicity and Security, commended the protesters for their peaceful conduct.
“I thank you for having hope when it seems there is no hope.
“I want to assure you that the House will speedily investigate the matter to a logical conclusion by the grace of God. “We are not a government that derives joy in inflicting pains on those we serve,” the lawmaker said.
Ikuforiji said that since the residents had exonerated the Ministry of Physical Planning from the demolition, the Assembly would identify the faceless people behind the act.
“You might not need to go on any hunger strike before justice would come your way.
“So, I want to enjoin you to go back to your homes while you have two or three representatives that would stay behind for a meeting over the matter,” he said.
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.
