Business
Subscriber Petitions NCC Over Fraudlent Flash Messages
The Nigerian Communication Commission (NCC) was on September 9 petitioned over alleged fraudulent acts by the Global System for Mobile communication, GSM, companies particularly, the South-African telecommunication giant, MTN Nigeria. In a letter to the Executive Vice Chairman, Professor Umar GarbaDanbatta, the petitioner, Mr Carl Umegboro, a lawyer and public affairs analyst lambasted the GSM company over copious fraudulent flash messages from the network strategically automated to forcefully siphon money from their vulnerable subscribers with sundry deductions in disguise of service subscriptions.
“Often, we and I, in particular receive uncountable network posts from the GSM networks especially MTN introducing one subscribing service or the other but will always end with, “To Subscribe, click OK” instead of providing codes or numbers for interested subscribers”.
“The moment your hand touches the handset especially those programmed to accept OK by touch of any button, monetary deductions will commence. Worse, some of the subscriptions are on daily, weekly and bi-monthly basis. Or if you click ‘OK’ for the message to disappear from your screen, you’re activated to the subscription. Is this not MMM re-branded? Imagine where such posts are sent to fifty million subscribers and N50 or N100 or whatever amounts are deducted, I leave the calculations for you”.
“It therefore implies that even if your hand touches your handset mistakenly or while in the pocket or with a child, the ‘OK’ programmed after the posts will be activated against you with deductions as a bona fide subscriber to the unsolicited messages until you detect and complain”.
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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