Home Politics BREAKING: FAAN Bans Cash Transactions Nationwide in Line with FG’s Cashless Policy

BREAKING: FAAN Bans Cash Transactions Nationwide in Line with FG’s Cashless Policy

0

The Federal Airports Authority of Nigeria (FAAN) has announced a sweeping ban on cash transactions across all its operations nationwide, effective February 29, 2026.

The move is in compliance with the Federal Government’s cashless policy, aimed at promoting transparency, curbing corruption, and enhancing efficiency in financial dealings. FAAN stated that passengers and stakeholders must now conduct all payments — including airport services, parking, and other charges — through electronic channels only.

Officials emphasized that the transition to cashless operations will improve accountability and reduce risks associated with handling physical cash. The directive has sparked mixed reactions, with some praising it as a step toward modernization, while others worry about accessibility challenges for travelers unfamiliar with digital payment systems.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version