Business
Anambra Moves To Ban Okada In Onitsha, Awka
The Anambra State Government has said that enforcement of the order banning the use of motorcycles in Onitsha and Awka remains Sunday, July1, the Commissioner for Transport, Mr Uchenna Okafor has said.
Okafor made government’s stand known at a meeting with leaders of the Motorcycle Transport Union of Nigeria (MTUN) last Wednesday in Awka.
He said that security operatives had been authorised to impound any motorcycle being used within the two towns.
The commissioner maintained that the ban was due to security concerns expressed by residents of the state, adding that no week passed without complaints of robbery involving motorcyclists.
Okafor allayed the fears of the operators, saying that the state government had bought 1,000 shuttle buses for distribution to commercial motorcycle operators through Anambra State Small Business Agency.
“The vehicles will be distributed to those that will be affected by the governments decision to ensure they have alternative means of livelihood.
“This meeting is therefore an opportunity to interact with you and also seek your support in helping to identify genuine `okada (motorcycle) riders in the areas covered by the ban’’, he said.
The commissioner said each of the 1,000 shuttle buses had a value of N750,000 and that each beneficiary would be required to pay an initial N100,000.
The commissioner announced that the Ministry of Transport in collaboration with the Vehicle Inspection Officers and Federal Road Safety Corps would organise a week-long training programme for the riders.
He said that only those who passed through motor driving training would be allowed to ply the roads.
He explained that the ban would affect both commercial and private motorcyclists in affected areas.
In their reactions, Chief John Onedibe, Jude Udeagbe, national and state officers of MTUN respectively called for an extension of time for the enforcement of the ban from July 1 to January 2019.
They, however, expressed happiness that the government was carrying the union along in the implementation of the order.
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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