Business
Customs Seizes Elephant Tusks, Others Worth N22.3bn In Lagos
The Nigeria Customs Service (NCS) has arrested three suspected smugglers in connection with various kilograms of pangolin scales and elephant tusks worth N22,283,747,850 ($44.5m) in Lagos.
Conducting journalists around the seizures on Wednesday in Lagos, Comptroller General of Customs, Col. Hameed Ali Rtd, said the 17,137.44 kilograms of pangolin scales (196 sacks), 870.44 kilograms of elephant tusks and 4.60 kilograms of pangolin claws were evacuated at a location on Eastern side of Ijeoma Street, Lekki, Lagos State, after proper examination.
According to Ali, Customs’ collaboration with other security agencies and credible intelligence resulted in the seizure, adjudged to be the highest of its kind in the history of the NCS.
The Customs boss disclosed further that three suspects were arrested in connection with the seizure while the kingpin was said to be on the run.
He said the seizures are in line with Section 63 “e” and “g” of Customs and Excise Management Act (CEMA), Cap 45 LFN 2004 as amended, adding that it falls under Export Prohibition Schedule VI of the Extant Common External Tariff, which prohibits their exportation.
“Nigeria is a signatory to CITES convention, hence cannot be used as a transit hub. This feat is a testimony of what sincere collaboration between nations can achieve for our world, and individual nations in particular.
“Already three suspects who are non-nationals have been arrested. They are Mr. Traore Djakonba, Mr. Isiak Musa and Mr. Mohammed Bereta”, he said.
Ali advised the kingpin, Mr. Berete Morybinet, who is on the run to surrender himself to the security agencies, assuring that he cannot evade the long arm of the law.
The Customs boss said the suspects arrested would soon be prosecuted in court, promising that the NCS would leave no stone unturned to bring them to justice.
He said the Service would extend the same treatment to any person or organisation remotely connected to any illegal wildlife trade.
“While thanking our partners, especially the Wildlife justice commission, let me give assurances of the Service’s determination to treat any and every information with utmost confidentiality and swift appropriate action to stem this tide of illegality,” he said.
By: Nkpemenyie Mcdominic, 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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