Business
Smuggling: Customs Impounds Fedex’s Poultry Truck
The Nigeria Customs Ser
vice (NCS) has impounded a Fedex Courier Express truck for allegedly conveying 100 cartons of smuggled (frozen turkey, according to The Tide source.
The Isuzu Mini truck, with registration number LSR 22 XQ, was seized by the Headquarters Compliance Team, Idiroko axis of customs on the Ijebu Ode-Sagamu Road recently.
The seizure was disclosed at a press briefing marking the assumption of office of the new controller, Federal Operations Unit, Zone A of the Nigeria Customs Service, Mohammed Umar.
Also impounded was a large quantity of used tires seized by the controller FOU A Surveillance Team, Seme axis.
The poultry were said to have been concealed in courier parcels, fueling suspicion that this might not be the first time this illicit transaction would take place.
It would be recalled the same team made a similar seizure last year when it intercepted a truck belonging to a haulage company used in smuggling over 5,020 cartons of foreign frozen poultry concealed with 2016 cartons of table water.
The out-going controller, Sani Madugu, in his speech urged the officers to double check their level of commitment through identification of appropriate operational modalities to suppress the activities of smugglers.
He also praised the leader of the controller’s surveillance secure axis, Jude Ohagwu, for receiving another commendation from the customs hierarchy.
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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