Business
Demolition: FCTA Dept To Dialogue With Parties
The Department of Devel
opment Control of the Federal Capital Territory (FCTA) has resolved to engage more residents of the territory in dialogue and sensitisation to reduce the rate of demolition of structures.
The Acting Director of the department, Malam Hamza Madaki, made this known in an interview with newsmen in Abuja.
He said that the Department had resorted to organising town hall meetings in some FCT communities to sensitise residents and indigenes about proper steps to take in constructing their structures.
“ According to him, it is usually not in our interest to carry out demolition of structures unless it is extremely necessary.
“Abuja is a planned capital city which is supposed to serve as a pride of our great country and if we allow uncontrolled construction, it will become an eyesore.
“What we are trying to do is to sensitise residents and indigenes on proper steps to take so we don’t have to demolish anyone’s structure.”
The director said that the Department had marked some buildings for demolition in Katampe area of Abuja due to unapproved expansion and advised owners of the marked structures to remove them by themselves so as to salvage some valuable materials.
He added that it was illegal for indigenes who were given certain privileges in terms of building approval to sell plots and expand their communities.
“He said, recently, we marked some houses for demolition at Katampe due to such illegal expansion.
“We have advised owners of those structures to remove them by themselves so that they can salvage some valuable materials that can still but useful.
“We do not demolish houses belonging to indigenes who have not been relocated but it is illegal for such indigenes to keep expanding and selling land in such communities.
“We do not derive pleasure from demolishing people’s houses, but development in the FCT just has to be controlled,’’ he said.
The acting director advised residents of the FCT to always cooperate with the Department and to get proper counselling and approvals before embarking on construction.
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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