Business
Union Lauds RSG Over Plan To Ban Illegal Parks
The President, Rivers Drivers Transport Co-operative Union, Comrade Binoye Sunday has expressed delight with government decision to demolish and ban all illegal Motor Parks in the state, saying it is timely and long over-due.
Sunday who barred his mind in an interview with our correspondent in his office in Port Harcourt soon after attending a stakeholders meeting at Government House last Thursday, said the move if carried out diligently and effectively will curb the menance of those who are operating them and ease free flow of traffic.
The union boss noted that it is unfortunate that the National Union of Road Transport Workers (NURTW) that operates most of these illegal motor parks denied vehemently that they have any hand on them, pointing out that it had exposed them and their illegal activities in the state.
According to him, they use most of these parks to extort money from drivers and the public, as those who refused to pay their demands were physically assaulted, their cabs vandalised and forcefully driven away while crime and criminality also strived unabated.
He further described the demolition and ban of illegal motor parks as a right step in the right direction as some persons who constitute themselves as a union deprived other motorists to use the parks as they monopolised them and claimed that they were approved by the government and thanked the Rivers State Government for the stakeholders meeting which was seen as a way forward to ease traffic gridlocks and to evacuate all rubbish dumped on the road and waterways.
Sunday also appealed to the Rivers State Government to call Port Harcourt City Local Government and its Obio/Akpor counterpart to order as NURTW claimed that they have letters from these councils to operate the illegal motor parks and bus stops, adding that such monopoly deprived other motorists from operating freely in the state as citizens and robbed them of their right as enshrined in the constitution.
He pledged that his union is solidly behind the government to remove all illegal motor parks in order to sanitise the state of criminal hide-outs and other nefarious businesses.
Collins Barasimeye
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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