Business
Speed Limit: FRSC Pledges Total Enforcement, Begins Special Intervention
The Federal Road Safety
Commission (FRSC) has said that it would ensure total enforcement and compliance when the speed limit programme begins in June.
The Zonal Commanding Officer, FRSC, Lagos Zone, Assistant Corp Marshal Nseobong Akpabio, said this at Ogere during the inauguration of the Special Intervention Patrol between RS 2 and RS 11 on Lagos-Ibadan Expressway.
He said that the commission had enlightened the public about the programme, adding that stiffer sanctions awaited erring motorists.
Akpabio said the focus of the special intervention on the major highway was to monitor the usage of the road by all and to sanction erring motorists, to bring about sanity and reduce road crashes.
He enjoined all commanding officers of the participating commands to ensure that operatives were adequately kitted in readiness for the operation, in order to achieve the objective of the scheme.
“We should be using about 20 patrol vehicles, one heavy tow truck, two ambulances and motorcycles on this operation with effect from today,” he said.
He, however, warned motorists and other stakeholders to cooperate with the commission to achieve the objective of the programme.
“Tougher times are ahead for reckless and recalcitrant drivers because the corps will use everything within its arsenal to bring them to book”.
Representatives of the Nigeria Union of Road Transport Workers (NURTW) and Road Transport Employers Association of Nigeria (RTEAN) attended the occasion.
They promised to work with the commission to ensure accident-free regime and pleaded with the FRSC to tbe lenient their members erred.
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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