Business
Lagos Gridlock: Truckers Decry Brutalisation, Extortion By Security Operatives
Truckers have continued to decry traumatic experiences from the lingering gridlock on Lagos ports access roads.
Truckers, a vital component of the logistics supply chain, on Saturday appealed to the federal and Lagos State governments to address the situation to save their lives and their means of livelihood.
The haulage operators under the aegis of Containerised Truck Owners (CTO) told the press in Lagos that they were being extorted by security agencies while truck drivers were subjected to inhuman conditions.
They said that long queues encountered by truck drivers negatively affected their health and their vehicles.
CTO is a nascent amalgam of the Association of Maritime Truck Owners (AMATO) and the Container Truck Owners Association of Nigeria (COTOAN).
The Tide source reports that chieftains of the association have been holding meetings over the gridlock which keeps trucks about a month on port access roads.
The latest of such meetings was held last Friday.
In a communique they issued after the meeting, CTO said: “We are hereby using this platform to beg the federal and Lagos State governments to urgently look into our plight, which has resulted in the following:
“Untimely death of truck drivers while in queues of parked haulage vehicles and inability of the drivers on those parked truck queues to bathe, eat, sleep and rest adequately.
“Exposure of truck drivers in queues to regular harassment by street urchins, commonly known as area boys.
“Subjection of truckers to wanton extortion by countless security agencies at alarming rates ranging from N80,000 to N120,000 on every truck, depending on the particular operator’s power of negotiation.
“ Exposure of trucks in queues to vandals who constantly damage the vehicles and steal critical parts, which replacements further drain the lean purses of the operators.
‘’Subjection of the drivers to serial brutalisation and dehumanisation by security operatives,” the group said.
According to CTO, although increased delivery of imports and congestion at Nigerian ports characterise Christmas season, increased security challenges caused by criminal elements have added to the problems of truckers.
State Governments hearken to our cries and save our lives and means of livelihoods.
“CTO hereby makes a passionate appeal to members of the public, especially those who reside on corridors where trucks are either queued or parked, to kindly lend their voices for sanity on the roads by prevailing on the concerned authorities to do the needful by introducing an automated system to regulate movement of trucks in and out of the ports,’’ it 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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