Business
Commercial Drivers Decry Police Extortion In Rivers
Some commercial drivers in Port Harcourt, the Rivers State capital have cried out against alleged police extortion and insecurity on inter-city routes in the State.
A driver plying the Emohua Ahoada axis of the state attached to the NDDC Assisted Mass Transit Unit at the Abali Park, Mile One, Mr Igila Herbert, who spoke to The Tide last Friday complained that the police manning the checkpoints along that route were extorting too much money from the drivers while failing on their security duties.
Herbert noted that the spate of kidnapping along that route in the full glare of the police was alarming and called for a dismantling of checkpoints with replacement of military checkpoints.
According to him, “the police would park their patrol van which in reality is supposed to be used for patrol as money collection van from us drivers. They should use their patrol vans to chase criminal and not park them for collection of tolls from the commercial drivers. I plead with police high command to dismanthe those checkpoints with the immediate replacement by military checkpoints. He explained that driving along that route was challenging irrespective of the time of the day due to the level of in security the6y face, lamenting that they were suffering losses as a result of the criminal activities on the rout. In a related development, drivers plying the Port Harcourt Ikot Ekpene route have charged the government on the deplorable state of the road on that axis.
The Head Driver, Igo Travels, Waterlines, Mr Chucks Anule, said the deplorable state of the road was the reason for the increased level of criminal activities on the route. He called on government to come to their aid and fix the road to enhance their business and rid the route of criminals.
Tonye Nria-Dappa
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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