Business
Land Use Planning Report ‘ll Curb Fraudulent Practices -Institute
The Nigerian Institute of
Town Planners (NITP) has said that its planned Land Use Planning Report would help tackle fraudulent transactions and stop the rise of illegal settlements. The President of NITP, Femi Olomola told newsmen in Lagos on Wednesday that the report would also provide accurate information on the location of clients for the benefit of all stakeholders.
“This report, we will soon recommend it, make it a condition for the operation of a corporate account in the bank, registration of corporate account with the Corporate Affairs Commission, condition for the granting of building plan approval.
“A condition for the issuance of C of O (Certificate of Occupancy) and so many others.
“Imagine that kind of report is available to a bank when they want to open an account, the bank would be able to know the location very well of the proposed office or anything and they would be able to have the benefit of a detailed knowledge of the surrounding area.
“The name of the building, the owner of the building, all these would be in the Land Use Planning Report; the status of that particular property would be there, the title.
“If you want to apply for building plan approval, the same thing applies.
“Under the land use survey and analysis, we would look at all developments within that radius and do what we call analysis of it and we put it in our professional code.
“So by looking at that area, I can tell you of say 200 buildings or 300 buildings, or 400 buildings within that radius and that would be able to contextualise that development or that proposal on that plot of land.“
He said that the Bank Verification Number (BVN) introduced by the CBN would further enhance the Land Use Planning Report.
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.
