Business
Tougher Times Await Rice Smugglers, Traders -Customs
Smugglers and marketers of smuggled rice should prepare for tougher times ahead, the Nigeria Customs Service, yesterday.
NCS spokesman, Mr Joseph Attah, told The Tide source that the warning became necessary following complaints by the Rice Processors Association of Nigeria that the country had been flooded with smuggled rice.
He said the Comptroller-General of Customs, Rtd. Col. Hameed Ali, had read the riot Act to Customs officers in commanding positions to arrest the rot.
He said the officers were directed to ensure that rice smugglers and those who dealt in smuggled rice did not have any respite.
“Last week, the Comptroller-General summoned Comptrollers operating at land borders, Commandants of Federal Operations Units and those of the Strike Force at the headquarters to do the needful on rice smuggling,’’ her said.
Attah enjoined the rice processors to share the intelligence they had with the Customs so as to check activities of rice smugglers and other prohibited items.
He said this was the time the Service needed critical stakeholders in the value chain for collaboration and synergy to collectively fight the menace of smuggling.
He stressed that the collaboration and synergy would boost the morale of operatives who put their lives on the line to secure the borders, noting that the Service had lost officers and men in the course of the fight against smuggling.
“Customs will not claim that we have been able to completely wipe out smuggling of rice and indeed any other prohibited items.
“As long as there are human beings who are ready to cut corners; that are driven by selfish interests; driven by profit motives and all that, there will be some isolated cases of smuggling.
“We have some compatriots who are ready to serve as informants to smugglers. We are aware that some smugglers provide motorbikes and telephone handsets for some people in border communities.
“Those things are provided for informants to monitor the movement of our anti-smuggling operatives and to provide information as to where we are; where we are heading to and how some of these smugglers can safely sneak through.
“Those that have beaten the `watch-and-check’ are assisted by fellow Nigerians. That is the reason you find some smuggled items in the markets and that is why you see cases of raiding warehouses by our officers and men,’’ Attah explained.
He said that the Service had been engaging traditional rulers in border communities to be on the same page with the Customs in the interest of the country.
Attah also said Customs was committed to ensuring that the Federal Government’s policy on rice and other foods production succeed.
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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