Business
Collapsed Building: RVHA Orders Owners Arrest
Collapsed Building: RVHA Orders Owners Arrest
The Rivers State House of Assembly has ordered the Rivers State Ministry of Urban Development and Physical Planning to arrest and prosecute the owner of the collapsed building at Alakahia and the institution that submitted the building plans for approval.
The lawmakers made the declaration on Wednesday when members of the House Committee on Urban and Housing visited the site of the building and suggested that the premises should be confiscated to serve as deterrent to other building defaulters in the state.
The House committee chairman, Hon Deeyeh Barine, said the lawmakers observed that the builder and owner of the property obtained a building plan approval from the ministry of Urban Development and Physical Planning to construct a bungalow at Rumuepirikom and not for a three story building at Alakahia, in Obio/Akpor Local Government Area
Barine described the actions of the builder and owner of the peoptery as fraudulent and breach of content, stating that both the builder and the engineer should be arrested immediately and be prosecuted by the police and ordered the ministry to urgently demolish the remaining parts of the ill fated structure.
The committee chairman enjoined the ministry to always embark on routine checks to avoid future occurrences in and around the state, explaining that building plans must follow specifications.
According to him, the ministry must ensure that all high rising building under construction should not accommodate or harbor the workers
Earlier, the commissioner for Urban Development and Physical Planning, Hon Chinyere Igwe had informed that the building was not contained in the data base.
Igwe said the building has no plan and also has no building approval, explaining that the number on the data base was to develop a bungalow at Rumupirikom and not a story building at Alakahia.
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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