Business
Bayelsa To Prosecute Payroll Fraudsters
Governor Seriake Dickson of Bayelsa State has authorised the establishment of special court to fast track the prosecution of those indicted in the payroll fraud in the state civil service.
The Tide recalls that Dickson had set up a prosecution team following staff verification exercise that uncovered 5, 000 ghost workers in Bayelsa State public service.
The governor spoke recently in Yenagoa, when he addressed members of the Committee on Public Service Reforms.
He said that government had alerted the Commissioner of Police and had constituted a committee to prosecute those affected in the fraud.
The nine-man judicial commission is headed by Justice Doris Adokeme.
“We have contacted the Commissioner of Police on the need for prosecution. I can assure you that no innocent person would be affected.
“That is why the Judicial Commission of Inquiry is there. Anybody who has a case, anybody who feels he is not fairly treated has the chance to go there.
“The prosecution team is waiting and the courts are waiting to commence action soon,” Dickson said.
The governor reiterated his resolve to do everything necessary to stop the bleeding of the state finances by some greedy unscrupulous elements.
The Tide recalls that a staff audit constituted in May 2016 to probe the payroll fraud in the local government system discovered 3,243 unauthorised employees in the Rural Development Authorities, and 3,037 in the eight constitutionally recognised local government areas.
Dickson lamented that the probe into the entire public service had uncovered widespread corruption costing the state about N1 billion every month.
Dickson ordered the compilation of the names of the alleged salary fraudsters, during one of the meetings with the committee chaired by the Deputy Governor, retired Rear Adm. Gboribiogha John Jonah.
According to Dickson, the first practical step towards implementing the painstaking reforms, is that those discovered to be drawing salaries from multiple agencies of the state, would stop receiving their pay with effect from October.
Commissioner for Information and Orientation, Mr Daniel Iworiso-Markson, told The Tide source in a telephone interview that full action on the committee’s report would commence soon.
“We are talking about fraud perpetrated over the years that has made the state to lose billions of naira.
“So if the governor, who demonstrated the courage to take on this evil, is making moves to prosecute them, then it should not be a surprise,’’ Iworiso-Markson said.
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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