Business
Customs Nabs 14 Suspects Over 125 Seizures …Recovers N28.860m In One Week
The Federal Operation Unit of the Nigeria Customs Service Zone “A” Lagos said it arrested fourteen (14) Suspects in connection with One Hundred and Twenty-Five (125) seizures made between the period of April 10th to May 15th, 2018.
The Customs Area Controller Compt. Mohammed Uba who disclosed this in Lagos while briefing newsmen recently said the Unit intercepted various Uncustomed goods and other goods on detention with a Duty Paid Value(DPV) of N1,010,296,666.02 (One billion, ten million, two hundred and ninety-six thousand, six hundred and sixty-six naira).
The Customs boss also said that the Unit through its interventions recorded N28,860,788.00 (Twenty Eight Million, Eight Hundred and Sixty Thousand, Seven Hundred and Eighty Eight Naira).
Comptroller Uba listed the detained seized items to includes, 30 Exotic Vehicles which included 7 Toyotta Hilux (2018 models), 3 Toyotta Prado Jeep (2017), 1Range Rover, 1 Ford Edge (2015), 5,516 bags of Parboiled Rice (9 Trailers).
Others include 1,078 cartons of Frozen Poultry products, 216 Jerrycans of Vegetable Oil, 683 piece of use tyres.
Among the items seized in the past one month by the unit include 173 bales of used clothing and 8 sacks of Indian hemp.
The Customs Area Controller also told newsmen that importers who could not pay correct duties were compelled to pay the appropriate duties when they were caught, adding that this was the best way to handle non-compliant traders.
In his words, “ for non-complaint traders who do not confirm to import rules, whenever we have such information, we cross check and if we discover that the Federal Government Money is not fully collected, we don’t allow that and we make sure that such money is collected”.
Uba also revealed that his men were already aware of the smugglers antics of concealing smuggled products, warning those who have chosen the path of smuggling to earn a new leaf as the service and indeed the unit will not renege on it statutory functions most especially in suppressing smuggling.
Meanwhile, the Customs Area Controller, Fou Zone “A” compt. Mohammed Uba has hinted that following court processes and condemnation , the Presidential committee on IDPs chaired by the Comptroller General of Customs, Col. Hammed Ali (Rtd) had approved the evacuation of some seized items to the Borno State Government for distribution to the Internally Displaced Persons (IDPs) through the Nigerian Army Corps of Supply and Transport (NACST).
The items according to the CAC includes 25,318 Bags of Rice 50kg, (42 trailers), 3,366 Jerry cans of 25 Liters, 175 Gallons of Vegetable Oil (5 Liters), 1,564 Bales of used clothing and 122 Sacks and 938 Pairs of used Shoes.
Nkpemenyie Mcdominic, Lagos
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.
