Business
MWUN Dissociates Self From Involvement In Narcotics Importation
The Maritime Workers Union of Nigeria (MWUN) has dissociated itself from a dockworker, Falowo Samuel Kayode, who was arrested along side others at Tin Can Island Port in connection with alleged importation of cocaine and other dangerous substances.
The union disclosed this on Friday in a statement signed by its Head of Media, Comrade John Kennedy Ikemefuna.
In a rejoinder, MWUN expressed dismay over reports that the Nigeria Drug Law Enforcement Agency (NDLEA) arrested Kayode alongside other culprits in connection with cocaine importation.
It refuted the claim that the stated Kayode is a member of the dockworkers branch of MWUN, stressing that he is contrarily a staff of Five Star Logistics.
The statement reads,”The Maritime Workers Union of Nigeria (MWUN) under the leadership of Comrade (Prince) Dr. Adewale Adeyanju, read with dismay the above captioned On-line publications, the prints and some other sections of the press of Sunday 25th February, 2024 reporting that the Nigeria Drug Law Enforcement Agency (NDLEA) arrested one Falowo Samuel Kayode, a Dockworker, alongside other culprits in connection with two seized containers with Nos. MSCU 4581770 and TRHU 7968071 laded with 56.39kg of Cocaine and 795kg of Colorado respectively.
“The Maritime Workers Union wish to draw the attention of the NDLEA that the said Falowo Samuel Kayode is a staff of Five Star Logistics Terminal and not a member of the Dockworkers Branch of the Maritime Workers Union of Nigeria, hence the Union wants to clear the air that Falowo Samuel Kayode is not in any way a Dockworker under the Maritime Workers Union of Nigeria as against the various reportage by some quarters of the press.
“The Union also wants to correct these erroneous publications and broadcasts by the media that associates Kayode with the name of this great Union, which had since been on vigorous campaign against the peddling of hard drugs within the Ports and its environs, as indulging in such acts would be detrimental to the image of the country amongst the comity of maritime nations.
“The Maritime Workers Union of Nigeria (MWUN) had taken its campaign across all the port formations nationwide, sensitizing its members on the need to not involve themselves in dealings involving narcotics in any form.
“It had also warned that members must not engage themselves with importers, barons, and clearing agents over the handling and discharge of narcotics at the ports, and that any member(s) found wanting in cases of narcotics ceases to be member of the Maritime Workers Union of Nigeria”.
Nkpemenyie Mcdominic, Lagos
Business
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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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