Business
Zain Security Guards Protest Non-payment Of Salary
Millions of mobiles telecommunication subscribers using the Zain Network especially in Lagos, Ogun and Oyo states may soon run into difficulties as guards providing 24 hours security service to the company’s masts at various locations in the mentioned states are threatening to disrupt services in protest against the nonpayment of their salaries.
No few than 60 of the guards representing their colleagues numbering up to 1000 had gone on protest match to Indepeco Limited located at the Lekki area of Lagos last week to demand the immediate payment of their salary arrears.
It took the intervention of a detachment armed policemen from Maroko police station, Lekki-Lagos to avert what could have resulted in a serious breach-of-the- peace in the area as the company’s management closed its gates against the protesting workers.
The security guards were said to have been employed by one of the private security firms in Lagos (name withhold) and contracted to Indepco Limited; an engineering service provider to Zain Nigeria.
The Tide learnt that Indepco had secured the security service contract from Zain but chose to outsource some since security is not its core service.
Furthermore, this medium gathered that few months into the contract of providing services by the security outfit, Indepreco was said to terminated the contract and engage another private security outfit to take over the business during which most of the guards reportedly remained on the job as the staff of the new outfit that took over.
In competing the fees for the services as rendered by the first security company, Indepco allegedly excluded payment for the cost of providing security services for the most sites in Ogun and Oyo States, reportedly on the ground that there was no written agreement to that effect inspite the fact that the same engineering service company had provided the company with a comprehensive list of most locations both in Lagos and Oyo with an instruction to guard the sites.
The last week protest in front of Indepco’s Lekki office had lasted for several hours before the arrival of the police and there was no management staff of the company to speak with them neither was there any official to speak with newsmen who monitored the protest.
The company’s gate was under-lock-and key while some staff believed to be senior officials of the company watched the protesting guards from the floor of their office complex.
Some of the protesting workers, who spoke with journalists, said that they were forced to match to Indepco office since the company which employed them had not paid its service fees for months from which they ought to have earned their salaries.
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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