FAAN to Ban Cash Payments from February 29, 2026
The Federal Airports Authority of Nigeria (FAAN), led by Managing Director Olubunmi Kuku, has announced a ban on cash payments effective February 29, 2026. This initiative is part of a broader strategy to implement a cashless system in alignment with government policies.
The decision follows a directive from the Federal Executive Council aimed at phasing out cash transactions within FAAN. The agency's department heads have been instructed to take immediate action to ensure compliance with this new policy.
Any officials found handling cash after the deadline will face strict penalties. This move is expected to enhance financial transactions within the agency by approving electronic payment channels.
Plus234Feed summary based on reporting from Naijanews. Read the original report below.
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