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FAAN set to transform domestic air travel with V-Pass facial recognition system

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The Federal Airports Authority of Nigeria (FAAN) is rolling out V-Pass, a biometric identity verification system designed to make domestic air travel faster, safer and more seamless.

Developed in partnership with M/S Verxid Technologies Limited, the system will let passengers confirm their identities through facial recognition, reducing the need to rely on physical ID documents at airports.

The rollout was reviewed during a strategic meeting between FAAN and Verxid Technologies Limited, where both sides discussed deployment plans, security measures and ways to improve the passenger experience.

FAAN said the initiative shows its commitment to using technology to improve passenger facilitation and aviation security across domestic airports. V-Pass will give travellers a secure digital identity through a one-time enrolment process.

Nigerian passengers will register with their NIN and facial biometric capture, while foreign passengers will enrol using international passports through OCR and biometric authentication. The system will check passengers before they enter restricted areas and again before boarding.

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This dual-verification process is meant to prevent impersonation, unauthorized access and identity fraud, while giving security agencies greater confidence in passenger authentication. During rollout, passengers will be able to use self-service kiosks or get help from FAAN staff.

E-Gates will automate access to controlled areas, reduce queues and improve passenger flow. Developers say biometric processing will take less than 30 seconds after enrolment, while first-time registration will take about one minute. V-Pass will also give airlines secure access to flight schedules, passenger manifests and boarding statistics through a digital platform.

FAAN will benefit from a Central Management System that tracks passenger movement, generates analytics and supports future integration with other airport systems. FAAN and Verxid said data privacy remains central to the project.

READ ALSO: FAAN defends airport cab tariff hike amid protest against vehicle upgrade policy

The system complies with the Nigeria Data Protection Regulation (NDPR), and passenger data will not be stored on kiosks or handheld devices. Before deployment, FAAN and Verxid plan to launch a nationwide sensitisation campaign.

The campaign will run across TV, radio, social media, airport announcements and airline advisories to help passengers understand how V-Pass works. A live Proof of Concept demonstration and technical site assessment will also be carried out before full rollout

FAAN says V-Pass is part of its broader digital transformation agenda. By combining biometric technology with modern access control, FAAN hopes to build a smarter, safer and more efficient airport system for domestic travellers.


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Business

Guinea Insurance Positions for Next Growth Phase Following NAICOM Recapitalisation Approval

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BY NKECHI NAECHE-ESEZOBOR—Emerging from National Insurance Commission, (NAICOM), sector-wide recapitalisation drive with a capital base exceeding ₦15 billion, Guinea Insurance Plc on Friday said its positioning itself for a major market transformation.

With NAICOM verification now completed, the non-life insurer plans to deploy its strengthened capital position toward underwriting larger corporate risks, expanding digital infrastructure, and competing more aggressively for market leadership within Nigeria’s financial ecosystem.

A statement released by the insurer noted that, recapitalisation is not the destination. It is the platform for growth.

The statement further said is now focused on converting its enhanced capital position into greater underwriting capacity, stronger customer propositions, improved service delivery, strategic partnerships and sustainable market growth.

Commenting on the development, the Managing Director/Chief Executive Officer, Mr. Ademola Abidogun, said:

“Recapitalisation has given Guinea Insurance the strength to think bigger, compete harder and pursue opportunities with greater confidence. We have strengthened our capital; now we are focused on strengthening our position in the market.”

“Nigeria is a market of enormous opportunities, and Guinea Insurance intends to be at the forefront of capturing those opportunities. Whether it is supporting major corporates, SMEs, institutions or individuals, we are ready to provide the capacity, expertise and confidence that businesses need to grow.”

The completion of the recapitalisation also reinforces Guinea Insurance’s ambition to become a more competitive, innovative and customer-focused insurer, with increased capacity to participate in larger risks, develop relevant insurance solutions and deepen its relationships across the insurance value chain.

The Company will build on this stronger foundation through disciplined underwriting, technology and innovation, operational excellence, robust risk management and a relentless focus on customer experience.

It will also pursue strategic opportunities that expand its market reach and create sustainable value for shareholders and other stakeholders.

According to the Company, the objective is clear: to turn capital strength into market strength.

Guinea Insurance expressed its appreciation to its shareholders, investors, policyholders, brokers, employees, business partners, regulators and other stakeholders whose confidence and support contributed to the successful completion of the recapitalisation exercise.

As Guinea Insurance enters its next phase, the Company is looking beyond compliance and capital adequacy. It is preparing to compete for bigger opportunities, serve more customers, support more businesses and deliver greater value across the Nigerian economy.

The post Guinea Insurance Positions for Next Growth Phase Following NAICOM Recapitalisation Approval appeared first on Business Today NG.

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Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance

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BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc and Guinea Insurance Plc are among seven additional underwriting firms officially cleared and verified by the National Insurance Commission (NAICOM) as compliant with the Minimum Capital Requirements stipulated under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

This final batch of approvals formally completes the nation’s insurance recapitalization exercise, bringing the total roster of fully capitalized operators in Nigeria to 48 insurance companies and two reinsurance companies.

See details below:

List of Additional Insurance Companies that Complied with the MCR Prescribed by NIIRA 2025

The post Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance appeared first on Business Today NG.

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