Business
Okada Ban: Operators Cry Out Over Police Harassment
Following the ban on the
operations of commercial motor-cycle business in four local government areas of Rivers State, the operators have cried out over police harassment before the stipulated time.
It would be recalled that the ban, was announced by the Rivers State Governor Nyesom Wike last week, that operation of the business should be restricted to between 5am and 8pm.
However, members of the Amalgamated Union in Ahoada East Local Government Area who spoke to The Tide said their members’ machines were seized before 8pm.
According to an official of The Union who gave his name as Chibuike Uche, he was surprised that at exactly 5pm, some police officers seized his machine at a junction between Ula-Ehuda and Ahoada main town.
According to him, initially every member of the union was asked to obey the order.
The ban which includes, Abua/Odual, Ahoada East, Ahoada West, and Ogba/Egbema/Ndoni LGAs was geared toward reducing the incidence of insecurity in the zones.
A Cross section of the riders who spoke to our correspondent however welcomed the order by the state governor even as they expressed worry over the operations of the police and other security agencies in the area in their enforcement methods.
When The Tide visited the zonal police Headquarters at Ahoada to ascertain the claim of the operators, a policeman on duty said he was not competent to speak on the matter.
However, further efforts to speak with the zonal commander or the Deputy Police Officer at the station were not fruitful as they were said to be out on official duty.
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.
