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We Have Fortified Security, Intelligence at Airports- FAAN MD

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Engineer Saleh Dunoma, managing director of the Federal Airports Authority of Nigeria (FAAN), has said that the agency has made significant efforts to fortify security at the airports and beef up intelligence.

Dunoma who made this known to journalists in Lagos at the weekend said with the efforts of the federal government, FAAN has developed efficient security infrastructure, which is being built on in response to new challenges and advancement in security equipment.

“Security is already in place, the only thing, is that once things happen you need to beef it up to a certain level above what we already have on ground. Such measures have been put in place. All the airports have been advised through a circular that they should improve security intelligence in all the airports, especially on the landside,” he said.

Dunoma said FAAN is developing intelligence, which has become effective tool in result-oriented security apparatus, noting that intelligence has been part of the security system together with hi-tech and ever advancing security equipment, adding that the agency has ensured effective security coverage of the airports over the years.

“Intelligence has always been there and hi-tech is a thing that is very dynamic; there are always changes; there are always new technologies that we need to adapt, but I want to assure you that we already have some technologies we have deployed and these are being used by our security personnel at the airports to make sure that as you move around they are there watching you.

“From time to time we improve on what we have as technology gets updated. Intelligence gathering is a normal thing; we have personnel doing that and analysis is also very important. Once it is analysed we share this intelligence with security agencies around the airports to make sure they take necessary actions as dictated by the analysis.” Dunoma said.

He said security personnel in FAAN and support security operatives undergo continuous training to ensure that they are fit and updated to effectively carry out their responsibilities.

Dunoma also spoke on the fears of insider threat and disclosed that the agency profiles workers who have access to the sensitive areas of the airport, including the airside and said that every six months the on-duty cards (ODC) is renewed and before the renewal the agency carries out background checks of its personnel and that of other workers to ensure that every person with the card passes security screening.

“There are a lot of efforts that have been put in by various security agencies and the federal government to make sure that our airports are secured. We have never disputed the possibility of insider threat. As people working for you, you cannot rule out the issue, but what we do in order to forestall that is that anybody that comes and wants to access any part of the airports, whether staff, personnel from government agencies or workers of our concessionaires, must go through some checks before we access them on-duty cards.

“We subject them to background checks, especially if they are staff. This is key and once we found you wanting we deny you the access and we send message to your agency and we do this periodically. Once we give you ODC and you want to renew it after six months, we carry out another background check. Through this we are able to check insider threat. And if we get a report of any questionable character at the airport, we make sure we get the person out,” he also said.

Dunoma assured that the agency would continue to ensure that the airports are protected and that the lives of passengers and other airport users are secured.


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Banks Close 2m Accounts over BVN, NIN, Others

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Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank accounts to the National Identity Number (NIN).

Banks Close 2m Accounts over BVN, NIN, Others

This is contained in a report by the Nigerian Interbank Settlement System (NIBSS), which also indicated that the number of inactive bank accounts grew month-on-month, MoM, by four million or 2.0 per cent to 19.7 million in March 2024 from 19.3 million in the previous month, February.

A bank account is classified inactive when it records zero transactions including deposits, withdrawals, transfers or point-of-sale transactions for six months.

However, details of the “Industry Bank Account Database”, a monthly data reported by banks, and compiled by the Nigerian Interbank Settlement System, NIBSS, also indicated that the number of active bank accounts grew by 6.62 million or 3.0 per cent to 219.64 million from 213.02 million in February.

Recall that in December 2023, the CBN issued a directive to all commercial banks in the country to restrict tier-1 accounts without proper Biometric Verification Number (BVN), and National Identity Number, NIN, that are not linked by Thursday, March 1st, 2024.

According to NIBSS data on BVN enrollment count, 61.6 million Nigerians have BVN as of April 2024.

 

Credit: Vanguard

 

 


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Dubai-Based Citizenship Firm Imperial Citizenship Expands to Lagos, Targets Africa’s Growing Wealth

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Imperial Citizenship, a Dubai-based firm specialising in Citizenship and Residency by Investment (CRBI) solutions, has set its sights on Africa’s burgeoning wealth with the launch of a new office in Lagos, Nigeria.

This strategic move positions Imperial Citizenship to capitalise on the continent’s growing population of high net worth individuals (HNWIs) seeking international investment and mobility options.

Imperial Citizenship boasts a proven track record of success, having secured over 2,000 approvals for clients seeking alternative citizenship and residency pathways. Their partnerships with over 15 governments worldwide provide a diverse portfolio of investment opportunities that adhere to strict international regulations.

With its Lagos launch, Imperial Citizenship begins its foray into Africa. The continent boasts a burgeoning HNWI population, according to PwC, presenting a lucrative market for investment firms like Imperial Citizenship.

According to the World Bank, African economies are projected to grow by 3.4 % in 2024 as the African Development Bank Africa has reported that Africa will account for eleven of the world’s 20 fastest-growing economies in 2024. Highlighting the market’s potential, Mr. Zaid Al Hindi, Founder and CEO of Imperial Citizenship, says, “our expansion into Lagos allows us to directly cater to this affluent segment, offering them strategic solutions for global asset diversification, optimised investment opportunities, and enhanced global mobility.”

“At Imperial Citizenship, we do not operate through intermediaries, as we differentiate ourselves through direct government partnerships. This ensures transparency, legality, and efficiency throughout the application process, providing peace of mind for investment-minded clients” Zaid stated during the launch event in Lagos.

Speaking on the company’s approach to CRBI, Zaid mentioned, “At Imperial Citizenship, we prioritise a client-centric approach. We go beyond simply offering programs; we provide dedicated advisors who understand the unique needs and aspirations of each client. This personalised service ensures clients receive tailored investment options that align with their financial goals and risk tolerance”.

The launch of the Lagos office underscores Imperial Citizenship’s commitment to global expansion. With physical offices in Dubai and now Nigeria as well as operational representatives in Mexico, Algeria, and Turkey, Imperial Citizenship demonstrates its ability to cater to a geographically diverse clientele.

Looking ahead, Zaid highlighted that Imperial Citizenship plans to broaden its service offerings and expand its reach into new markets. By strategically targeting Africa’s rising wealth, Imperial Citizenship is well-positioned to solidify its role as a leading player in the CRBI industry, offering investors a gateway to global opportunities.


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234Finance Moves to Boost Economic Progress in South East

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In a recent gathering, organized by 234Finance, key stakeholders and HNIs came together to discuss the theme “Fueling Progress in the South East.”

The conversation highlighted the rich heritage, entrepreneurial spirit, opportunities for growth and the potential of the South East to be economic powerhouse.

During the discussion, the Managing Partner of 234Finance, Ezinne Nwazulu unveiled plans for an upcoming event of significant impact: the 4-week intensive SME Bootcamp and Mentor Matchup Challenge South East edition designed to empower SMEs. The program aims to empower SMEs with the knowledge, tools, and capital for rapid expansion and global competitiveness.

This initiative is building on the success of previous Mentor Matchup Challenge events, which equipped SMEs with actionable strategies and one-on-one mentorship, resulting in winners of the pitching competition securing grant funding to scale their businesses by 4x-10x.

The SME Bootcamp will feature an array of activities, including physical and virtual training sessions, onsite industrial training, and a pitching competition.

Ezinne Nwazulu emphasized the rigorous selection process, where the top 100 applicants meeting the criteria will undergo intensive training at two training centres in Abia and Anambra. From there, the most promising 15 participants will have the opportunity to pitch their business for grant funding.

Dr Chima Anyaso, Chairman of Caades Group, expressed his commitment to the region’s development and encouraged entrepreneurs with innovative crafts to seize this opportunity.

Criteria for selection are uncompromising, emphasizing technical expertise in core sectors; Agribusiness, Manufacturing, Supply Chain & Logistics, Fashion & Textile, and Retail, with a particular focus on businesses operating within the South-East region for at least three years and significant growth potential of 4x-10x.

The Bootcamp is set to commence from May 14 to June 14 2024 with Southeast-based entrepreneurs encouraged to visit the 234finance bootcamp to apply.


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