Business
Nigeria Records 271 Building Collapse In 10 Years
So far, Lagos State tops the list of fatalities in building collapse, as over 271 buildings collapsed in the last 10 years in Nigeria, according to documents from the Building Collapse Prevention Guild.
The documents showed that 271 collapsed buildings cases, represent 50 percent of a total of 541 recorded cases in the country between 1974 and 2022.
Out of the 271 collapses recorded within the past 10 years, at least 531 persons have died as the menace of crumbling structures continues to plague the nation’s built industry.
Findings also revealed that professional ineptitude, ranging from excessive loading, use of substandard materials, faulty design, poor workmanship and weak foundation accounted for a significant fraction of the collapses recorded during the period in review.
Out of the 271 collapses recorded in the past decade, 115 cases, representing 42.4 per cent of the total number, were recorded in Lagos State.
Most tragic and perhaps notable of the cases was the collapse of a part of a multiple-storey building inside the Synagogue Church of All Nations, SCOAN, which left more than 80 worshipers dead, while several others were critically injured.
The structure, which reportedly collapsed at 12.45 pm on September 12, 2014, served as a guest house for foreigners, who usually thronged the church in search of miracles.
There were different accounts as to how the building, located in the New Land area of the church, caved in.
Also worthy of note was the Lekki Garden building collapse, which occurred on March 8, 2016. The event, which occurred at Horizon 1, Ikate in the Lekki area of Lagos State, claimed 35 lives while many others were left in critical condition.
Investigations that followed weeks after the event revealed that the construction project did not have the necessary approval from regulatory authorities.
On 1 November 2021, yet another calamity struck after a high-rise block of luxury flats under construction in the neighbourhood of Ikoyi in Lagos, collapsed. At least 45 people perished beneath the rubble of the collapsed structure.
Former President of the Nigerian Institute of Builders, Kunle Awobodu, had blamed weak regulations for the incessant cases of building collapse in Lagos State.
According to him, many quacks have been emboldened by the fact that regulatory bodies and relevant apparatuses of government have been unwilling or unable to prosecute and convict persons found culpable of professional ineptitude with regard to incidents of building collapse.
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.
Business
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