Business
Customs Intercepts 1,100 Imported Rifles
The Tin-Can Island Command of the Nigeria Customs Service (NCS) has intercepted 1,100 rifles which were imported into the country from Turkey under false declaration.
The Comptroller-General of NCS, Retired Col. Hameed Ali, told journalists in Lagos on Monday that the seizure was the third interception of ammunition at Lagos ports within nine months.
“As you may already be aware, the two previous cases are 661 Pump Action Rifles from Apapa Command and 440 rifles from this command.
“The 20ft container No GESU2555208 was intercepted on September 7 during examination, while the Bill of Lading falsely indicated wash hand basins and water closets.
“An officer of the service alleged to have authorised the cutting of the seal and the terminal clerk have been arrested and are undergoing investigation.
“NCS under my leadership will do all possible to fish out all those remotely connected with this devilish importation.
“We shall bring them to justice,” Ali said.
He said that the NCS would meet with the World Customs Organisation (WCO) and Foreign Affairs Ministry to stop illegal importation of ammunition.
He said that the service would not only pursue the agents but would also go after the shippers and terminal operators who took custody of the consignments.
The comptroller-general commended operatives of the Customs Intelligence Unit (CIU) for discovering the rifles in spite of the false declaration.
He also applauded the sister agencies for their collaboration with the NCS and urged the media to continue to disseminate information on the dangers of smuggling across borders.
Ali said that the present NCS management would continue to re-position and fine-tune operational strategies of the service in line with the Federal Government’s policies toward a new and better way of serving Nigerians.
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.
