Business
Building Collapse: Lagos Agency Boss Loses Job
Lagos State Governor,
Akinwunmi Ambode, has approved the dismissal of the General Manager of the State’s Building Control Agency (LASBCA), Mr Adeigbe Olushola, following the Lekki Gardens building collapse.
This was contained in a statement signed by the Head of Service, Mrs Olabowale Ademola.
According to the statement Ambode also approved the dismissal of Head of Inspection and Quality Control in the agency, Mr Adeoye Adeyemi and the Zonal District Officer, Mr Gbadebo Dosumu.
Also affected, was the Zonal Head of Etiosa West of the agency, Mrs Sherifat Akinda, who was compulsorily retired from the civil service.
According to available report, the affected officers were dismissed having been indicted of negligence, which Ademoal said was act of misconduct under the Public Service Rule 040401.
The Head of Service said the disciplinary measure was the outcome of the recommendations of the Personnel Management Board to Ambode.
She said the governor was personally grieved by the number of fatalities that occurred as a result of the building collapse.
Ademola also warned public officials, private building owners or contractors who violate or subvert building regulations that it would no longer be business as usual.
She said the dismissal of the officers should serve as a wake-up call to public servants, “it is also a clarion call to them to be alive to their responsibilities as any act of negligence will face sanctions, while hard working officers would be rewarded appropriately”.
The said building was under construction at Lekki Gardens, Ikusenea Road, Ikate Elegush, which collapse resulted in 34 fatalities.
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.
