Business
FAAN Security In Trouble Over Explosives
Federal Airports Authority of Nigerian (FAAN) security officials who were on duty at the Nnamdi Azikiwe International Airport, Abuja, may be queried for allowing passenger to carry an explosive substance into an aircraft.
This is following the reports sent to the presidency over the air mishap which was avoided last Friday at the Port Harcourt International Airport which a Senior Magistrate with the Rivers State Judiciary was arrested.
Sources revealed to The Tide that the reports which indicted the security officials at the Nnamdi Azikiwe Airport for incompetence almost embarrassed the country last week Friday.
The Tide gathered that the state security service at the airport has widened up its dragnets at the airport at all the screening points and entries to ensure total security.
It would be recalled that the state security service officials at the airport last Friday, arrested a lady whose explosive from her hand bag.
The incident occurred on Arik Aircraft with registration number 5N-MSH which was said to have taken off from Nnamdi Azikwe International Airport, Abuja for Port Harcourt when an explosion occurred mid air, about 30 minutes after take off from one of the luggage compartment of the aircraft.
The explosion was said to have occurred in a lady’s hand bag just about 15 minutes to land at the Port Harcourt Airport.
The explosion was however promptly handled by the Air hostesses who used the five extinguishers on board the plane to put off the fire.
The lady was arrested and was later transferred to the SSS headquarters for further interrogations.
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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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