Business
Amaewhule Laments Non-Compliance With Task Force Laws
The Coordinator, Rivers State Task force on Illegal Street Trading, Motor Park and Mechanics, Bright Amaewhule, has expressed dismay over the disobedience of the laws on illegal operations in the state by many residents.
Amaewhule expressed his displeasure during a current affairs radio programme “talk of the town” monitored by our correspondent.
He said that many people had shown they would not obey the law.
He, however, assured that the taskforce would not be deterred to return Port Harcourt to its garden city status despite what he described as blackmail against the activities of the task force.
According to him, “seven months into the existence of the task force, people are still operating illegal parks, carrying out illegal markets, street trading and mechanics. Because we are determined to return Port Harcourt to its original garden city status, people are giving us bad name and problems, just for the fact that they do not want to obey the laws”.
He admitted that there were some criminal elements in the system, saying those of them that were found wanting had been dismissed.
He insisted that the task force would continue to sanction erring members who work against the interest of the public.
He said, “some persons have been commending our efforts, but cautioned on the activities of the criminal elements in our midst. But as co-ordinator, I will not be everywhere, the information I get from the public is what guide our operations sometimes, we have sacked those confirmed to have been extorting money from the public, we have sacked those that are found to be too had on people, we will caution them, sometimes suspend them for about one month as a warning”.
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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