Business
PTAD Begins Digital Verification For Pensioners
The Pension Transitional Arrangement Directorate (PTAD) has begun a digital verification programme to fish out ghost and dead government pensioners under the directorate.
Unveiling the ‘I’m Alive’ Confirmation Solution on Friday in Abuja, the directorate noted that the verification exercise would begin with the Police Directorate from April 14 to October 13, 2023.
The technology solution is an online platform designed to enable pensioners under the Defined Benefits Scheme to easily confirm they are still alive from the comfort of their homes or neighbourhood, using a smartphone or a computer system.
During the unveiling, the Executive Secretary of PTAD, Dr Chioma Ejikeme, said the technology would reduce the cost and stress of the old field verification method.
She said, “Continuing with periodic field verifications to ascertain the aliveness of our pensioners is not only expensive both for the pensioners and government, but is also a stressful exercise for our senior citizens.
“Looking for a solution that would eliminate field verifications became imperative and gave birth to the’I Am Alive’ Confirmation Solution.
“We wish to use this opportunity to assure our esteemed pensioners that the ‘I Am Alive’ Confirmation Solution has been designed with their utmost welfare in mind, leveraging on accuracy, reliability, user-friendliness and convenience.
“PTAD has over the years promised that the era of bringing out our aged pensioners for field verification is over, and we are standing by this promise”.
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.
