faan Archives - Business Today NG https://businesstodayng.com/tag/faan/ The Hub of News Reporting Mon, 16 Mar 2026 12:04:57 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 FAAN: Four Suspected Bandits Arrested Near Akure Airport https://businesstodayng.com/faan-four-suspected-bandits-arrested-near-akure-airport/ Mon, 16 Mar 2026 12:04:57 +0000 https://businesstodayng.com/?p=61784 BY NKECHI NAECHE-ESEZOBOR—The Federal Airports Authority of Nigeria( FAAN), on Monday announced the arrest of four suspected bandits within the vicinity of Akure Airport following a joint security operation involving aviation and local security agencies. According to statement released by Henry Agbebire, Director, Public Affairs and Consumer Protection, via the agency’s official X account, that, […]

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BY NKECHI NAECHE-ESEZOBOR—The Federal Airports Authority of Nigeria( FAAN), on Monday announced the arrest of four suspected bandits within the vicinity of Akure Airport following a joint security operation involving aviation and local security agencies.

According to statement released by Henry Agbebire, Director, Public Affairs and Consumer Protection, via the agency’s official X account, that, the suspects were apprehended today after a distress alert reported the presence of suspicious individuals behind the airport perimeter, close to the Eleyewo community in Akure.

The alert prompted an immediate response from security personnel comprising FAAN’s Aviation Security (AVSEC), the Nigerian Air Force, the Nigerian Army, the Nigeria Police Force, and other local security outfits.

During the search operation, some individuals reportedly attempted to flee the area. However, four suspects were eventually apprehended by the joint security team.

FAAN said the suspects have been handed over to the Nigeria Police Force Area Command for further interrogation and investigation.

The authority commended the swift collaboration among aviation security personnel, the military, the police, and local security groups, including the Amotekun Corps and community vigilantes, whose combined efforts led to the successful arrest.

FAAN also noted that the incident underscores the need to strengthen security around airport perimeters across the country.

It added that the Federal Government, through the Federal Ministry of Aviation and Aerospace Development, with the support of the Presidency under Bola Ahmed Tinubu, has accelerated the installation of modern perimeter fencing and other security infrastructure at airports nationwide.

According to the agency, work on the project has already commenced in phases to ensure airports under FAAN’s management are better protected against unlawful access and other security threats.

FAAN reassured travellers and host communities of its commitment to maintaining the safety and security of airport facilities across Nigeria.

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Tinubu Halts FAAN Cashless Toll System Amid Passenger Delays https://businesstodayng.com/tinubu-halts-faan-cashless-toll-system-amid-passenger-delays/ Wed, 04 Mar 2026 20:30:45 +0000 https://businesstodayng.com/?p=61566 President Bola Tinubu has ordered the immediate suspension of the newly introduced cashless payment system at airports nationwide following widespread traffic gridlock and delays experienced by travellers. The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the directive on Wednesday after the Federal Executive Council (FEC) meeting held at the State House, Abuja, and […]

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President Bola Tinubu has ordered the immediate suspension of the newly introduced cashless payment system at airports nationwide following widespread traffic gridlock and delays experienced by travellers.

The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the directive on Wednesday after the Federal Executive Council (FEC) meeting held at the State House, Abuja, and presided over by the President. Pls

According to Keyamo, the cashless policy — introduced to curb corruption and enhance transparency in revenue collection — instead led to severe congestion, particularly at the Lagos and Abuja airports.

“The idea behind introducing a cashless system was to eliminate corruption at the airports,” the minister said. “However, its implementation created significant gridlock, and Nigerians have suffered delays as a result.”

He explained that President Tinubu directed an immediate return to the previous payment arrangement pending improvements to the system.

“Mr President has directed that we suspend the current system because it is causing congestion. He said we should revert to the status quo while we perfect the platform properly,” Keyamo stated.

The President also instructed that the review of the electronic payment platform be carried out urgently, with greater private sector engagement to ensure a seamless process that does not disrupt passenger movement.

“The President said we should work with the private sector to develop a more efficient electronic system that can collect revenue without causing delays,” the minister added.

The Federal Airports Authority of Nigeria (FAAN) had commenced implementation of the cashless policy on March 1, barring cash payments at airport toll gates and requiring motorists to use prepaid access cards or electronic payment channels.

However, the rollout resulted in long queues at toll points, with some passengers reportedly missing flights due to extended waiting times.

Keyamo assured that consultations with FAAN and other stakeholders would continue to ensure a smoother and more efficient payment system going forward.

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FAAN Acknowledges Delays, Promises Smoother Access Under New Cashless Regime https://businesstodayng.com/faan-acknowledges-delays-promises-smoother-access-under-new-cashless-regime/ Mon, 02 Mar 2026 13:50:41 +0000 https://businesstodayng.com/?p=61478 The Federal Airports Authority of Nigeria (FAAN), has acknowledged the traffic delays experienced at airport access gates following the commencement of its Go Cashless Programme, assuring motorists and airport users that measures have been put in place to ensure smoother and more efficient entry going forward. The authority said the temporary congestion recorded at the […]

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The Federal Airports Authority of Nigeria (FAAN), has acknowledged the traffic delays experienced at airport access gates following the commencement of its Go Cashless Programme, assuring motorists and airport users that measures have been put in place to ensure smoother and more efficient entry going forward.

The authority said the temporary congestion recorded at the access gates of Murtala Muhammed International Airport and Nnamdi Azikiwe International Airport on Sunday, March 1, 2026, was largely due to last-minute card registrations by motorists despite prior notices and publicity ahead of the rollout.

FAAN expressed regret over the inconvenience caused and reaffirmed its commitment to streamlining the process in line with the Federal Government’s cashless policy directive.

 FAAN on its x handle acknowledges the traffic build-up experienced at the access gates on sunday march 1st. 

The authority says despite the wide publicity, notices, and repeated announcements issued ahead of the commencement date, a significant number of motorists opted to register for their go cashless cards at the gates on sunday which created pressure on the toll lanes and resulted in temporary gridlock. 

FAAN remains deeply empathetic to the inconvenience experienced. 

To ease the situation the authority has deployed additional personnel to the access gates, increased registration points to fast-track first-time card issuance, and enhanced on-ground coordination to improve traffic flow.

 FAAN therefore appeals for patience, understanding, and cooperation of all motorists adding that they are working diligently to stabilise and streamline the process.

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MMIA Fire Update: All Trapped Victims Rescued as MMIA Terminal 1 Fire Contained https://businesstodayng.com/mmia-fire-update-all-trapped-victims-rescued-as-mmia-terminal-1-fire-contained/ Mon, 23 Feb 2026 21:32:31 +0000 https://businesstodayng.com/?p=61325 BY NKECHI NAECHE-ESEZOBOR—The Federal Airports Authority of Nigeria (FAAN) has confirmed that all 14 persons initially trapped in the Control Tower during the fire incident at Terminal 1 of the Murtala Muhammed International Airport (MMIA), Lagos, have been safely rescued and evacuated. According to the agency, emergency response teams have largely contained the blaze, with […]

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BY NKECHI NAECHE-ESEZOBOR—The Federal Airports Authority of Nigeria (FAAN) has confirmed that all 14 persons initially trapped in the Control Tower during the fire incident at Terminal 1 of the Murtala Muhammed International Airport (MMIA), Lagos, have been safely rescued and evacuated.

According to the agency, emergency response teams have largely contained the blaze, with coordinated firefighting, rescue, and safety operations preventing further spread and ensuring the protection of lives and critical infrastructure.

A total of six (6) casualties — comprising three males and three females — were recorded, all of whom are in stable condition. One affected individual has been transferred to the FAAN Headquarters Hospital for further medical evaluation and remains stable.

As an additional safety precaution, the sixth floor of the affected facility has been completely evacuated to support ongoing emergency operations and risk mitigation.

Preliminary findings from the Fire Service indicate that the fire originated from the server room on the first floor of Terminal 1. The fire within the departure hall is now largely under control, while responders continue close monitoring to prevent any spread to adjoining sections of the terminal.

In line with established safety protocols, the airspace remains temporarily closed. Meanwhile, the Nigerian Airspace Management Agency (NAMA) is actively working to establish a temporary Control Tower to enable the safe and timely restoration of airport operations as soon as practicable.

FAAN confirms that all emergency procedures were promptly activated and continues to collaborate with relevant emergency and support agencies to safeguard lives, infrastructure, and operational integrity.

Further verified updates will be communicated as more information becomes available.

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FAAN Implements Nationwide Cashless Payments Across All Airports from Feb. 28 https://businesstodayng.com/faan-implements-nationwide-cashless-payments-across-all-airports-from-feb-28/ Thu, 19 Feb 2026 22:06:23 +0000 https://businesstodayng.com/?p=61274 The Federal Airports Authority of Nigeria (FAAN) has announced a ban on cash transactions for all airport services nationwide, effective February 28, 2026. In a statement issued in Lagos by its Director of Public Relations and Consumer Protection, Henry Agbebire, FAAN said the move aligns with Federal Government directives mandating Ministries, Departments and Agencies (MDAs) […]

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The Federal Airports Authority of Nigeria (FAAN) has announced a ban on cash transactions for all airport services nationwide, effective February 28, 2026.

In a statement issued in Lagos by its Director of Public Relations and Consumer Protection, Henry Agbebire, FAAN said the move aligns with Federal Government directives mandating Ministries, Departments and Agencies (MDAs) to discontinue physical cash collections.

FAAN Managing Director, Mrs. Olubunmi Kuku, said the transition to a fully cashless system is aimed at enhancing transparency, accountability, revenue assurance, and operational efficiency across Nigeria’s airports.

She clarified that payment gateway provider Paystack will only process transactions, while all funds will go directly into designated Federal Government accounts.

Kuku explained that the policy is in line with a Treasury Circular issued by the Office of the Accountant-General of the Federation and approved by the Federal Executive Council as part of broader public finance reforms. According to her, the initiative will reduce revenue leakages, improve transaction traceability, and enhance service delivery across airport facilities.

Aviation unions — NUATE, ATSSSAN and ANAP — had earlier sought clarification on the policy during a meeting with FAAN management. At the end of the engagement, union leaders expressed satisfaction with the explanations provided and pledged support for the seamless implementation of the cashless system nationwide.

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