Business
Group Urges Govt To Ease Land Purchase Process
The Enugu Coalition of Business and Professional Associations (ECOBPA) has advised Enugu State Government to ease the process of acquiring land Certificate of Occupancy (C of O) to ensure development.
The Co-ordinator of the Coalition, Chief Emeka Okereke, made the call in an interview with newsmen in Enugu on Saturday.
Okereke said that government should streamline the process of acquiring land by collapsing the administrative process into “one-stop shop’’ and institute good internal control mechanism.
“This will eliminate bribery and corrupt practices associated with the process. Genuine local and foreign investors will also see the seriousness in government drive for economic development in the state,’’ he said.
He urged the government to resolve the problem of giving lands that had multiples C of O to different persons.
According to him, the incidences of original owners losing their land under fraudulent circumstances are not a welcome development.
“The application for C of O is fraught with abuses, such as nonchalant attitude by officials to applications.
“This happens to applicants that do not get recommendations from prominent politicians or top-ranking bureaucrats.
“The government should institute a transparent electronic system of processing C of O that does not exceed one month to boost economic activities, and property development for both residential and commercial purpose.
“Government should ensure that private developers who are allocated land acquired from communities or land owners for public interest are protected from the threats of the community members.’’
The co-ordinator said that the measure would decongest Enugu metropolis in terms of housing and infrastructural development.
“This will spur even development and attract investments into the state,’’ Okereke said.
ECOBPA is made up of 32 different business and professional associations.
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.
