Business
Illegal Structures At MMA To Go
The Federal Airport Au-thority of Nigeria (FAAN) is fashioning a legitimate means of demolishing all structures built by individuals without approval at any part of the land allocated to the Murtala Mohammed International Airport (MMA) Lagos, as well as other airports in Nigeria.
The General Manager, Public Affairs, FAAN, Mr. Akin Olukunle, who made this confirmation said the authority will give owners of the said structure one month to voluntarily demolish the structures or allow FAAN to do so, immediately it receives legal backing from the court.
He said that most of the areas that would be demolished include parts of Mafoluku, Shasha and Ajao Estate along the Airport road.
The FAAN spokesman added that the illegal structure at the airport premises in Abuja, Kano and Port Harcourt will also be affected with the demolition.
FAAN said that the decision to demolish these structures was to prevent situation beyond the control of airport management, that might jeopardize security and safety at the airport.
He said that it is against international standard for private individual to encroach and build houses at the airport, as airport management may not be able to subject such people to the strict conditions needed to ensure security of passengers and other airport users.
The FAAN image maker also posited that one thing that has given them headache is the encroachment of its land beginning from the Murtala Mohammed Airport road to Shasha and Mafoluku, such that will make it difficult to expand the airport.
He lamented that car dealers, commercial banks and other companies have hijacked one side of the airport territory along Ajao Estate, while the opposite side has been taken over by furniture makers and structures housing all shades of business.
Olukunle also disclosed that the agency had long ago discovered that some people have been encroaching on FAAN’s territory, stressing that the agency had served concerned organisations and individuals notice to move away from the area.
He said, “so we have gone to tell them to stop further construction, some of them have been writing letters to us, sending emissaries, all those are under pretences… that is why this time around, we are going to take decisive action. The notice is in the media, so that we can reach out to the people.”
Business
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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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