Business
FAAN Graduates 154 Aviation Officers
The Federal Airports Authority of Nigeria (FAAN) last Friday graduated 154 aviation security officers for the 2011 AVSEC STP 123 Basic Course.
The event, which took place at the Murtala Mohammed International Airport, Ikeja, was attended by officers of the Nigerian Air Force and the Nigeria Police Force.
Mr Richard Aisuebeogun, the FAAN Managing Director, said on the event that the graduation was a demonstration of the Federal Government’s commitment to maintaining the International Civil Aviation Organisation’s (ICAOs) standards in aviation security.
Aisuebeogun, who was represented by the FAAN Director of Administration, Mr Adeniyi Ajakaiye, said the recent bombings and terrorist attacks worldwide posed a great challenge to the aviation industry.
“It is important to remind the cadets that the ICAO Annex 17, which relates to issues of security at the airports, is very clear on the requirements and professional conducts of aviation security personnel.
“I am sure that you have been made aware of the danger in compromising standards in the discharge of your sensitive duties at our airports.
“Management will not hesitate to discipline those found wanting,’’ he said.
The managing director urged the graduates to distinguish themselves through dedication to duty.
“There is no doubt that the period you have spent during your training has considerably prepared you in learning and in character to become ambassadors of the authority, and the country,’’ he said.
One of the graduates, Mr Adoh Olufemi, told newsmen that he and his colleagues would do their best in the service.
The graduates would be posted to the various airports in the country.
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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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