Business
Journalists Barred From Boko Haram Suspects’ Trial
Journalists were yesterday barred from covering proceedings at the Federal High Court, Lagos, when 17 alleged members of the Boko Haram sect were arraigned.
The suspects were charged with eight count charge of belonging to the proscribed organisation and for being in possession of explosives and dangerous weapons.
They were brought to the court presided over by Justice Musa Kurya at about 9.45am by a combined team of riot policemen and Department of State Security Services (DSS) officials who were armed with sophisticated weapons.
As proceedings were to begin, an SSS official asked everyone who was not a lawyer to leave the courtroom.
When the court reporters identified themselves and explained why they were in court, the security agent said the press had been barred from covering the case.
He said the SSS got a directive from the Presidency to stop journalists from covering the proceedings.
When the journalists complied and stood outside the courtroom, another armed SSS officer asked them to leave and not stay anywhere around the corridor.
“I give you five minutes to leave this place, or you will be handcuffed,” the security agent threatened.
Earlier, a lawyer who was caught taking photographs of the accused persons with his mobile phone as they marched into the court had it seized.
When the case ended at about 11.58am, journalists approached the prosecutor, Mrs. E. I. Alakija of the Directorate of Public Prosecution (DPP) in the Lagos State Ministry of Justice to get details of what transpired in court, but she was unwilling to speak to the press.
She directed the journalists to ask the court officials for a copy of the charge, saying she had none to spare.
She added that she had only one copy, but did not release it to be photocopied when asked.
One of the lawyers in the prosecution team told the journalists to be “patient” as “the case is very sensitive.”
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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