Business
Council Boss Threatens To Prosecute Tax Defaulters
The Chairman of Mangu
Local Government Area in Plateau State, Mr Caleb Mutfwang, last Thursday threatened to prosecute tax defaulters within the council’s jurisdiction.
The Tide’s source said reports that the chairman gave the threat in Mangu while swearing in six supervisory councillors and inauguration of committees on market and security.
He said that contrary to other opinions, Internally Generated Revenue (IGR) served as “stimulant to growth and development”.
The supervisory councillors include Mr Erastus Chishak, Budget and Planning; Alh Garba Hassan, Agriculture; Rev. Geofrey Jidauna, Social Services; Mr James Dasar, Health Services; Mrs Julie Jwat, Education and Mr Mathias Ibrahim, Works.
Mutfwang said that the council would soon embark on aggressive revenue generation to meet up with the development plans of his administration.
“It will not be business as usual in terms of revenue collection and payment of taxes in and outside our markets and the environs.
“We will not hesitate to prosecute tax defaulters, who have already branded themselves as enemies of progress; therefore, all citizens must pay tax as when due,” he warned.
According to him, “internally generated revenue is a stimulant to growth and development in any society and we are ready to generate substantial revenue for our developmental objectives”.
The chairman also urged the citizens to cooperate with government, especially on policies and programmes geared toward delivering the dividend of democracy to masses.
Mutfwang said that the security challenges had made it imperative for the council to restrict the operations of commercial motorcycle operators to 9 p.m.
He urged operators without number plates to register and obtain their permits before the law would catch up with them.
The chairman tasked the supervisory councilors to cooperate with the council executive arm in ensuring the growth and development of the area.
He also charged the committees on market and security to perform their duties with utmost seriousness, to ensure positive results.
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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