Business
Border Drill: Buhari Orders Immediate Withdrawal, Sanction Of Security Operatives
President Muhammadu Buhari has ordered the withdrawal of security operatives involved in the release of 295 petroleum tankers without authorisation from the office of the National Security Adviser (NSA).
The President who frowned at the development which occurred on December 7, 2019, called on the relevant security agencies to investigate the crime.
He has also directed the respective organisations to mete out immediate appropriate disciplinary actions on those involved in the crime.
The President also directed the NSA to set up a board of inquiry to investigate the crime, adding that any one found to have connived to undermine government’s efforts should be withdrawn from the Border Drill and severely sanctioned by their respective organisations.
According to a statement made available to newsmen by SSA, Media and Publicity, Garba Shehu, the President has accepted the recommendations and directed the immediate withdrawal and replacement of all those found culpable.
The statement reads in part, “President Buhari finds it disheartening to learn that 295 petroleum tankers seized for smuggling were released without due authorisation on 17th December, 2019 by some security officials charged with the responsibility of protecting our borders.
“Sequel to this, the National Security Adviser (NSA) was directed to set up a Board of Inquiry to investigate the crime.
“It was subsequently recommended to the President that all officials (civilians or security operatives) found to have connived to undermine government’s efforts should be withdrawn from the Border Drill and severely sanctioned by their respective organisations.
“The President has accepted the recommendation and directed the immediate withdrawal and replacement of all those found culpable”
The Border Drill exercise has operatives of the various security outfit in Nigeria which was led by the Nigeria Customs Service.
Others are Nigeria Immigration Service, Nigeria Army, Department of State Services (DSS) etc.
Nkpemenyic Mcdomini, 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.
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