Business
Police Intercept N15m Fake Drugs In Zaria
The Kaduna State Police Command on Tuesday confirmed the interception of fake drugs worth over N15 million in Zaria.
The command’s spokesperson, ASP Muktar Aliyu, made the disclosure to the News Agency of Nigeria (NAN) in a telephone interview.
He said the Police Area Command in Zaria had intercepted the fake drugs after a tip-off by some residents.
“On getting the information, our men swung into action and eventually intercepted the adulterated drugs which would have destroyed the lives of innocent citizens.
“The said fake drugs were intercepted at Sabon gari market in Zaria where the owner had already offloaded the consignment for distribution.
“This is a serious calamity and of course harmful to human existence.
“ I want to plead with people not to be discouraged in providing useful information to security personnel for prompt action,” he said.
According to him, investigation into the matter is ongoing in order to ascertain the origin of the drugs as well as the channels of distribution.
Investigation conducted by NAN at the Zaria Police Area Command reveals that about 10 cartons of adulterated “Ampicloxin” with “Made-in-India” label were sighted.
A competent source at the command told NAN that the 10 cartons contained about 200,000 packets said to belong to the suspect arrested in connection with the incident.
The source said the case would be transferred to Criminal Investigation Department (CID) at the police headquarters in Kaduna for further investigation.
The source also said that no fewer than 15 drugs addicts were arrested in Zaria with Indian hemp, trampoline and other intoxicants.
“These suspected drug addicts will be charged to court to face the wrath of the law. The police will not relent in its efforts at combating criminal activities in the society.
“Remember, most crimes are committed after the perpetrators get intoxicated; therefore, members of the society must feel free to furnish the security agencies with vital information.
“ We are, however, happy that people are now complying,” the source said.
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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