Business
NCC Confiscates N8.3bn Pirated Items
In a bid to protect intellectual property and boost creativity, the Nigerian Copyright Commission (NCC), has confiscated N275 million worth of pirated works intercepted at the sea ports.
The Director-General of NCC, Mr Afam Ezekude, while displaying the three containers of Bibles, books and compact discs, told journalists that the commission seized a total of N8.3 billion worth of pirated goods from 2011 to 2016.
Ezekude said that the goods in the three seized containers worth N275 million were imported from China.
“From 2011 to the third quarter of 2016, our collaboration with the Nigerian Customs Service led to the seizure of a total of 25 containers of pirated copyright works.
“Within the same period, the commission carried out a total of 289 anti-piracy operations across the country and seized over eight million assorted pirated copyright products with a market value of about N8.3 billion.
“If these goods were allowed to enter the Nigerian market, Nigerian copyright owners will be losing that value to pirates.
“Furthermore, the commission within the period filed several criminal charges against offenders in Federal High Courts and secured a total of 55 convictions against offenders,” he said.
Ezekude said that the commission was committed to ending piracy.
He sought the cooperation of copyright owners and organisations toward ending the menace.
He thanked the Bible Society of Nigeria (BSN) and the Comptroller of Customs whose support, he said, led to the seizure and delivery of the three containers to the commission.
He said that the copyright owners had a right to go through legal procedures to make the goods theirs.
“In the last six years, we have done so much to reduce the activities of pirates,” he said.
While receiving the seized Bibles, Rev. Dare Ajiboye, General Secretary/ Chief Executive Officer, BSN, commended the efforts of the commission.
“As an organisation, one of the greatest challenges we have is piracy.
“It is saddening to invest time, money and energy to produce a creative work which is stolen and reproduced by pirates,” he said.
He advised pirates to desist from the criminal act and pursue a decent way to earn a living.
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.
