Business
AEDC Sets Up Division To Monitor, Control Fault Lines
Abuja Electricity Distribution Company (AEDC) says it has set up an inspectorate division to monitor fault lines and contain accidents in its franchise areas of FCT, Kogi, Niger and Nasarawa States.
The AEDC disclosed in a statement signed by its spokesperson, Mr Oyebode Fadipe on Tuesday in Abuja.
Fadipe quoted the firm’s Managing Director, Mr Ernest Mupwaya, as saying that the aim was to enable the company monitor faults before workers were deployed to rectify it.
Mupwaya, who recently presented three new vehicles to the division said the firm could no longer tolerate any fatality from its field officers.
He said the division comprised of nine members, selected from the technical and safety departments would be headed by the Director of Risk and Compliance, Mr Collins Chabuka.
“It is better for any fault to remain unattended to if it will result to the death of any worker or members of the public.
“Any staff who does any act adjudged to be capable of causing any accident or electrocution will be sanctioned, including losing his job,” he said.
Mupwaya said the division was also mandated to stop any unauthorised work within AEDC’s network and sanction any staff that could violate any safety standards.
According to him, the division should sanction any line management staff for failure to close out and recommend remedial measures for Health, Safety and Environment (HSE) actions, among others.
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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