The Federal Airports Authority of Nigeria (FAAN) has banned all cash collections and transactions across its airports and other facilities effective February 29.
The directive followed approval by the Federal Executive Council that government agencies should discontinue cash transactions.
Managing Director of FAAN, Mrs Olubunmi Kuku, issued the directive in a memorandum titled: ‘Cessation of Cash Collections/Transactions,’ and dated February 3, 2026, copying all directorates in the Authority.
“Further to the approval on cessation of cash collections/transactions by the FEC, it has become expedient that FAAN complies strictly with the policy of cashless economy by conducting all its financial and business transactions through cashless system.
“Accordingly, directive is hereby given that all cash collections or transactions in the conduct of FAAN’s official businesses MUST STOP with effect from February 29, 2026.
“In addition, all Directors are requested to immediately take necessary steps to ensure full compliance with this directive. Alternative approved payment channels should be fully adopted, and no cash transactions should be accepted beyond the stated deadline, failure will attract stiff penalties.” , the statement reads.
Recall that the Authority announced partnership with Paystack, a digital banking platform, to launch “Operation Go Cashless”, a secure, contactless payment system across Nigeria’s airports, some months ago.
