Business
Customs Hands Over seized Arms To DSS
The Nigeria Customs Service (NCS) has handed over the 661 pump action rifles seized by the Federal Operations Unit Zone `A’ Ikeja, to the Department of State Security (DSS) for further investigation.
The Public Relations Officer of the unit, Mr Jerry Attah, said on Friday in Lagos, that the rifles were seized on Sunday, January 22, 2017,
The Tide source said the rifles were hidden in a Mack truck with registration number BDG 265 XG conveying a 1 x 40ft container before it was intercepted along Mile 2/Apapa road, Lagos.
Attah recalled that the truck was immediately taken to the premises of FOU Zone A, Ikeja, where physical examination revealed 49 boxes containing 661 pieces of pump action rifles were concealed with steel doors and other merchandise goods.
According to him, the interception of these arms is a clear indication of how committed and dedicated the service is to the economy, security and well-being of the country.
He said that three suspects were arrested in connection with the illegal importation.
“The 661 pump action rifles and the suspects were handed over to the Director, DSS, Lagos State Command, Ms Betty Adoki, who represented the Director-General of DSS, Mr Lawal Dau
The Deputy Comptroller-General of Customs in charge of Enforcement, Inspection and Investigation, Mr Dan Ugo, represented the Comptroller-General of Customs, Retired Col. Hameed Ali.
Ugo called on all well-meaning Nigerians to support the service with necessary information that could assist the service in performing its statutory responsibilities better.
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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