Business
Aviation Officials Hail Re-Organisation In FAAN
Some officials of the
Federal Ministry of Transportation have said that the ongoing reorganisation in Federal Airports Authority of Nigeria (FAAN) was expected.
A source in the Office of the Minister of State, Aviation, who pleaded anonymity, told newsmen on Monday that the exercise was necessary to correct errors in previous appointments in the agency.
According to the source, some of the aviation unions had sent petitions to the minister, citing irregular appointments in the agency since 2011.
The source also said that during the visit of the leadership of Air Transport Senior Staff Association of Nigeria (ATSSAN) to the Minister of State, the same complaint was tabled before him.
He recalled that the minister had reiterated his determination to correct the anomalies in FAAN.
He said that the committee constituted to look into the complaint had since submitted its report which was forwarded to the Head of Service for advice and further action.
“It is not an unexpected thing because there were petitions by the aviation workers’ unions, especially ATSSAN led by Benjamin Okewu.
“When the Minister of State assumed office, he recieved the same complaint from the union and other stakeholders requesting him to look into the anomaly.
“It will shock you to hear that some of the affected staff were placed on levels far above where should have been placed.
“While some of them were shown the way out, others were demoted from grade level 17 to grade level 10 because they were not qualified for the positions.
“I think it will go a long way in addressing the anomalies and illegalities that had taken place in FAAN for a long time,” he said.
Similarly, a senior staff of FAAN who also spoke with The Tide source on condition of anonymity noted that the Civil Service is supposed to be a career progression institution.
He expressed regret that some past Ministers of Aviation turned the General Manager into a political appointment.
The source explained that the directorship cadre is a political appointment while the position of general manager is the highest career position.
According to the source, politicians also hijacked the position of GM for their families and cronies.
“This tsunami is a welcome development, especially for the career civil servants who have been short-changed by those illegal appointments.’’
Our source learnt that no fewer than 22 top management staff of FAAN had either been sacked or demoted.
However, FAAN has not made public the identities of those affected.
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.
