Business
NDLEA Seizes 64,864kg Laughing Gas At Lagos, Imo Ports
Operatives of the National Drug Law Enforcement Agency (NDLEA) in Apapa Port, Lagos and Imo States have intercepted over 64, 863.5 kilograms of nitrous oxide, otherwise known as “laughing gas”.
The seizures happened shortly after NDLEA Chairman, Brig. Gen. Mohammed Buba Marwa (Retd), directed all commands and formations of the agency to begin an immediate clampdown on illegal sale and use of the gas following its abuse by people who use it for recreational purposes
NDLEA Director of Media and Advocacy, Femi Babafemi, who disclosed this in a statement made available to Journalists in Lagos, stated that three suspects were arrested in connection with the seizures.
On the Apapa Port seizure, Babafemi said the smuggled substance was uncovered during a joint examination of two containers following intelligence gathered by the agency.
“Following credible intelligence, NDLEA operatives at the Apapa seaport on Wednesday (12th July), intercepted two containers marked MSKU 7626856 and MSKU 7689448, suspected to contain cartons of Nitrous oxide and plastic pressure release nozzles imported from China.
“As a result, a joint examination of the containers was carried out by NDLEA officers, men of the Customs Service and other stakeholders the following day, Thursday 13th July.
“During the search of the two containers, a total of 522 cartons of Nitrous Oxide, containing 16,366 packages weighing 64,852kgs were recovered along with the paraphernalia for recreational use.’’
“The importer of the consignment, 30-year-old Stephen Eze and his agent, Michael Chukwuma, were thereafter arrested and detained for further investigation”, Babafemi stated.
“In the same vein, NDLEA operatives on patrol along Owerri/Onitsha expressway in Imo State on Thursday, 13th July intercepted three cartons containing 18 canisters of the same substance weighing 11.5kg heading to Port Harcourt, Rivers State.
“A swift follow up operation was conducted in the Stadium Road area of Elekahia, Port Harcourt same day leading to the arrest of the owner of the shipment, 24-year-old Tonye Kalio”, he said.
While commending the officers and men of the Apapa Port, and their Imo State Command counterparts for being pro-active and swift, Marwa said the clampdown on illegal sale and use of nitrous oxide will continue nationwide to protect young Nigerians from the devastating effects of abusing the substance and in the overall interest of public health.
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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