Business
PHED’s Customers Arrest Fake Marketer In Uyo
A middle-aged man who has been parading himself as a marketer of Port Harcourt Electricity Distribution Company (PHED) was recently apprehended’s at Nwaniba area of Uyo, the Akwa Ibom State capital.
A statement by the company, Thursday, said the suspect whose name was given as Ndifreke Sunday was not lucky on that fatefull day when some PHED customers whom he had previously collected money from with intention of helping them to pay their electricity bills, ran into him at the point of doing the same to a customer.
The statement signed by the Head of Communication, John Onyi further said that the swindled customers raised an alarm which attracted the neighbourhood and he was immediately arrested and handed over to Ewet Housing Estate Divisional Police Station, Uyo from where he would be charged to court.
An eyewitness who pleaded anonymity said that the fake marketer had for the past two months been collecting money from the unsuspecting customers, claiming that he was recently engaged as the new marketer covering the area.
However, the affected customers started raising eye brow and began to search for the suspect when the money he claimed to have paid did not reflect in their subsequent electricity bills.
The Acting Chief Executive Officer, Engr. Kingsley Achife had earlier in 2017 during a public forum drawn the attention of the customers to the presence of fraudsters who are masquerading themselves as PHED’s staff .
Achife warned electricity users not to give anybody money, including staff of PHED for the purposes of paying bills on their behalf apart from the designated PHED offices, banks and the accredited agents.
He had advised customers to pay their electricity bills at the offices of the Port Harcourt Electricity Distribution Company, PHED, banks, and accredited G-PAY agents nearest to them.
According to him, Upon payment, you are requested to demand for receipts and confirmation of the amount paid including alert messages for further confirmation and in the case of the banks, you must obtain e-receipt before leaving the banking hall’.
“You are also cautioned to avoid giving money to anyone to pay on your behalf to avoid being swindled”, he advised.
Business
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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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