Business
Criminal Gangs Make Fortunes At Lagos Diplomatic Zone
Criminal gangs have taken
over the diplomatic district at Walter Carrington Crescent on Victoria Island, Lagos, extorting money from people besieging the area to transact consular businesses.
The Tide source reports that unscrupulous young men have turned the area, popularly known as Eleke Crescent into a goldmine, collecting money from visitors for various services.
The gangs often compel visitors to pay as much as N1, 000 before they could be allowed to urinate in bushes on the lagoon coastline.
Visitors desiring to use shanties erected by the gangs to ease themselves were forced to pay N200 before they could be allowed to use the facilities.
A company executive, Mr Andrew Ekpah, told reporters that he was man-handled for daring to resist paying the gangs after he urinated at the lagoon coastline.
“The guys swooped on me and insisted that I must pay them one hundred naira after I finished urinating at the refuse heap at the lagoon coastline.
“I didn’t see why I should pay them because the place I urinated belonged to nobody. It is bush.
“More so, the boys are not local government officials. I argued that people should not be extorting money from innocent people simply because they can fight and intimidate.
“Has government abandoned its citizens to be exploited by unscrupulous elements?’’, he asked, displaying wounds inflicted on him by the hoodlums.
Investigations showed that motorists paid as much as N1, 000 to park on the road adjacent the Indian High Commission on Walter Carrington Crescent.
The toll collectors told our correspondent that they were collecting the money for Capital Oil Ltd, whom they said, “owned the road.’’
One of the collectors, who pleaded for anonymity told our source that “the road belongs to Capital Oil not local government; we have been collecting tolls here for many years’’.
But motorists are wondering why such tolls should be paid to a private company, instead of the Eti-Osa Local Government Council, the statutory owner of the road.
Eti-Osa Local Government Council officials kept sealed lips on the matter when a our correspondent sought their view on the issue.
A visa seeker, Mr Johnson Oye, told reporters that the activities of criminal gangs at the diplomatic area could be sending wrong signals on the level of lawlessness in Nigeria.
“How can some unscrupulous elements take it upon themselves to collect revenues for themselves that should ordinarily be collected by government?
“Government should arrest persons or gangs extorting money from people who come to Eleke Crescent to do legitimate businesses,’’ Oye said.
Another visa seeker, Mr Obasegun Olaoye, described Eleke Crescent as a goldmine that had provided limitless income to unscrupulous people over the years.
“Something must be done to curb the excesses of boys around the embassy areas. What they do here is not just good for our country because foreigners see these things every day.’’
A photographer, Mr Vincent Ogbonna, who runs a shop at one of the car parks, said that some people had been making their living from illegal businesses at the diplomatic area.
Business
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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.
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