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POS dealers ATM make brisk businesses in Borno and Yobe state due to scarcity of naira notes

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POS dealers ATM make brisk businesses in Borno and Yobe state due to scarcity of naira notes

By: Bodunrin Kayode

Naira sale has become big business in the capital of Borno and Yobe states as Point Of Sale (POS) agents are making brisk business beyond the normal charges from customers.

Even the Automated Teller Machines ATM which are supposed to give customers their cash as at when needed have restricted them badly to just N2000 in some cases even as our findings indicate that they drive big amounts of new cash in their private cars back to the bedrooms of those big time business men and politicians for fear of loosing their accounts to willing bank managers.

For those in Damaturu, a smaller town and capital of Yobe State, the scarcity of old naira notes still persists as it does in maiduguri but our investigations indicate that residents are trying to survive the tensed atmosphere this has quagmire has created.

The scarcity of naira notes has caused very long queues in most of the major towns around the two states such that there are worries that some people may never have respite even after the deadline issued by the central bank of Nigeria.

It’s the same sing song in Potiskum where a security source name withheld told this reporter that the policy should have been implemented long ago and not just when the election is at the corner.

“imagine you implement a policy that you think will cripple the political class who horde billions of this same naira for the election. Do you think some of them step into the bank? The answer is no. These bankers drive the cash back into their bedrooms. So who is loosing now? It’s the common man who has to buy naira at exorbitant prices.”he pointed.

Investigation conducted by this reporter indicates that because most of the council areas of these two states do not have branches of banks, there is an acute scarcity of even the old naira notes in the hinterland 200 to 300km outside the city of maiduguri and Damaturu.

A source who also prefers anonymity in Gamboru Ngala told this reporter that some residents in the border town that have relatives in Cameroon have resolved to buy most of their needs in foreign cfa currency which is available in their area as the bite of the scarcity of the naira persists.

She went on “We become lucky only when the POS agents travel to maiduguri and bring cash for us. Even that, they charge us 300 naira for every new N1000 we ask them to change for us. Some take half of the money in the name of selling new notes to us.

” This is our sad plight because we do not have banks here, not even micro finance banks to benefit from the enormous border trade going on with the gradual advent of peace in the place.

A drive round maiduguri within the period under review indicates that some of the banks deliberately refused to pay the old money to some customers and even POS agents on the counter since Monday and that is after the central bank of Nigeria had given a directive that they should dispense cash to them.

Service providers stranded

A tailor who called himself Bomboy complained that since Monday he has been working yet people were not coming to take their clothes and pay up even old notes for services.

He said those who want to pay him are met with stiff agency charges such as 1,500 taken from their salaries for every 5000.

“So if her salary is just N15,000 monthly you can imagine how she will feel loosing up to 4,500 from her pay if she wants to withdraw the cash for keeps so she can use accordingly.” said Bomboy.

At kasua fara which is part of konduga council area of Borno, charges rose from N100 for each N5000 withdrawal to about N500 which is ten percent of the money one desires to withdraw.

In the second largest town of Bama, the report was not different right up to Pulka and Gwoza, lack of money was a recurring decimal.

The POS sellers alleged that even though it is illegal to buy the naira, they have no choice but to buy behind the counter from some willing banks to go and sell for the customers who can afford to pay for the excess charges.

Paralysis of commercial activities

The scarcity has badly affected the buying and selling going on within the city because of the fear of losses they will incur if they get to the POS which is the only leeway to escape the mammoth crowd at the banks.

Some residents who spoke to this reporter noted that going out to the Atm centres of some banks is a waste of time because after two hours of waiting you realize that it can only dispense between 3 and 5,000.

“what if my wife is sick and we need to buy drugs worth more than 5000? Do that is how I will be restricted because they now dish out only 5000 in some ATM centres averagely which is bad for business.

Meanwhile, in these the CBN has set up committees that have been going round the states to enforce compliance. In Borno the committee is headed by Mohammed Tumala, a director of statistics in the CBN.

He told this reporter that the CBN is really serious about monitoring the whole exercise and would stick to the deadline which is why they are on ground to ensure enforcement by commercial banks.

He Saud that Borno Yobe has been taken care of because over N8. 4 billion was distributed to Borno as at last week while over N4 billion has been disbursed to Yobe alone.

He said that his team has been to many areas of the state and have disbursed directly to POS and other organized groups in need of the new notes.

The team leader said that they have been working with security agencies. Icpc, efcc and other relevant groups supporting the implementation of the policy by the CBN.

Reaction from Kano

Another anonymous source in kano said that it was true that some people were making brisk businesses from the currency business.

“But it is to our own disadvantage because our kids are the people I am thinking of. How will their generation live their lives? The masses are suffering and things are not getting better in anyway.

” There is no scarcity in kano except that people are buying the notes and keeping them in their homes as surety for the dry day.

” A lot of people have turned the crave for new naira notes into business and that is the only time it becomes scarce. Imagine someone withdrawing a million while others do not have anything.

” The POS agents are equally not helping matters because they exploit people a lot, by selling the currency at cut throat prices.

” At least eighty percent of the currency in circulation is outside the banking system. Just 20 percent is within the system and that is not good for our economy.

“The cashless policy must succeed because we cannot continue to be a cash based society.

” That is why we are welcoming E naira because it will also make sure we are boarded from the cash system. It would be of great advantage to the country as such it should be embraced if we mean business with our economy.

Reaction from the Govt house

Except for those with verifiable constraints such as lacking supplies from the CBN, the State Governor, Professor Babagana Zulum has directed that any bank which refuses to dispense new naira notes via ATMs and banking halls should have its land revoked.

Zulum issued the directive over the weekend after visiting branches of banks to assess problems being faced by residents in trying to access new naira notes via long queues at ATMs amid acute scarcity and hopelessness.

“Any bank in Borno State that is not willing to ensure their ATMs are fully dispensing new naira notes cash to ease the suffering of our people, we will withdraw their land title immediately. We will only spare Banks with genuine constraints that are verifiable” Zulum said.

Before that declaration, Zulum expressed unhappiness when he saw hundreds of people queued at a bank’s branch, with only one out of 10 ATMs dispensing cash.

“As you can see here, only less privileged people are queued up. I didn’t see rich people here. Many people are said to been here since 3:00 am, some could not even eat anything. The new naira notes and even the old ones are not available and that is adversely affecting commercial activities in the state and people are suffering

“We just released salaries of about 5 billion naira and the banks don’t have money, some of the ATMs are not working. We don’t have any problem with the CBN policy or the withdrawal limit, they said individuals can only withdraw N20,000, but why can’t everyone have access to that N20,000?” he said.

“Yesterday I was in Gubio with a population of over 70,000 people but it was impossible to source N100,000 in the entire local government, neither of the new note nor the old notes. A ram that is worth N100,000 is now being sold for N35,000 because people are desperate for cash, and some wicked rich people are going to rural areas to exploit poor people. ” Said Zulum

The Governor urged the Central Bank of Nigeria (CBN) to ensure the availability of new notes at commercial banks for people to access their money.

“Right now in Borno State, I have visited more than ten ATMs and there’s no cash” Zulum said.

POS dealers ATM make brisk businesses in Borno and Yobe state due to scarcity of naira notes

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ROSOWA Urges Motorists to Drive Responsibly, Protect Lives

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ROSOWA Urges Motorists to Drive Responsibly, Protect Lives

Association calls for strict adherence to traffic rules, says every family deserves to see loved ones return home safely

By: Michael Mike

The Road Safety Officers’ Wives Association (ROSOWA) has called on motorists to embrace responsible driving and strict compliance with traffic regulations to curb avoidable road crashes and prevent further loss of lives.

The President of ROSOWA, Dr Nafisat Shehu-Mohammed, made the call at a joint press briefing organised by the Federal Road Safety Corps (FRSC) to commemorate the 2026 World Day of Remembrance for Road Traffic Victims.

Shehu-Mohammed said the annual commemoration was not merely an occasion to remember those who had died in road crashes but also an opportunity to recognise the pain, trauma and enduring losses suffered by affected families.

She expressed sympathy with mothers who had lost children, children who had lost parents and families whose lives had been shattered by road crashes.

According to her, this year’s theme, “A Light That Unites Us”, underscores the need for collective commitment and action to prevent road traffic deaths and injuries.

She said every road crash represented more than a statistic, as behind each incident were broken families, lost dreams and loved ones whose absence left lasting emotional scars.

“Behind every road crash is a broken heart, an empty seat, and a dream that may never be fulfilled. Looking at the theme, ‘A Light That Unites Us’, reminds us that even in our grief, we can unite to save lives,” she said.

The ROSOWA president urged motorists to recognise their responsibility to other road users, stressing that reckless driving and disregard for traffic regulations could have devastating consequences for families and communities.

She reminded drivers that their loved ones were waiting for them at home and urged them to make safety a priority whenever they took to the roads.

She also reaffirmed the association’s commitment to promoting road safety, saying every life mattered and every family deserved to see their loved ones return home safely.

“Let the light we kindle today shine through our actions by driving responsibly, obeying traffic rules, and protecting one another on our roads,” she said.

She further expressed solidarity with bereaved families and survivors, urging Nigerians to translate the lessons of the commemoration into practical actions that would make the nation’s roads safer.

“To the bereaved families, we share in your pain. To the survivors, we stand with you. And to every road user, please remember, someone is waiting for you at home.

“Let us turn remembrance into responsibility, grief into action, and our collective light into hope for safer roads. May the souls of the departed rest in peace,” she said.

ROSOWA Urges Motorists to Drive Responsibly, Protect Lives

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UN Women, Disability Advocates Back 220-Hour Marathon to Combat Gender-Based Violence

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UN Women, Disability Advocates Back 220-Hour Marathon to Combat Gender-Based Violence

…Eyong says legal awareness key to protecting women, girls; Alta demands accessible police stations, courts, hospitals for survivors with disabilities

By: Michael Mike

The United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) and disability rights advocates have thrown their weight behind a 220-hour reading marathon aimed at exposing gaps in the protection of women and girls against sexual and gender-based violence (SGBV) across Nigeria and 14 other African countries.

The initiative, spearheaded by Olubunmi Uluba, seeks to raise public awareness of existing laws, human rights instruments and survivor protection frameworks through a nine-day, four-hour marathon reading aloud, while drawing attention to the persistent disconnect between legal protections and the ability of women and girls to access justice.

The exercise, which also seeks to set a Guinness World Record for the longest marathon reading aloud, has been described by UN Women as an opportunity to turn legal knowledge into an instrument of public education, human rights advocacy and social transformation.

Speaking at a press conference, UN Women Country Representative to Nigeria and the Economic Community of West African States (ECOWAS), Beatrice Eyong, said the fight against gender-based violence must move beyond statistics, policies and legislative reforms to address the human experiences behind the figures.

She said behind every statistic was a survivor seeking justice, a young girl yearning for safety and a community striving to protect human dignity.

Eyong noted that SGBV remained one of the most persistent human rights challenges confronting Nigeria, Africa and the international community, identifying the gap between existing laws and public awareness of legal protections as a major obstacle to tackling the menace.

According to her, many women and girls remain unaware of their rights, the legal safeguards available to them and where to seek assistance when their rights are violated.

She said the 220-hour marathon was significant because it would bring legal frameworks and human rights instruments from 15 African countries closer to the people they were designed to protect.

Through the exercise, Uluba is expected to read relevant legal provisions and survivor protection laws, helping to translate often inaccessible legal documents into practical knowledge that can empower individuals and communities.

Eyong said every hour devoted to reading presented an opportunity for someone to understand their rights, recognise different forms of violence, appreciate the importance of consent or discover where survivors could obtain assistance.

She stressed that knowledge was an essential tool for preventing violence, protecting vulnerable populations and improving access to justice.

The UN Women representative said the initiative reflected the organisation’s conviction that gender equality and the elimination of violence against women and girls were non-negotiable.

She also situated the campaign within the framework of the United Nations Sustainable Development Goals, particularly Goal 5 on gender equality, Goal 4 on quality education and Goal 16 on peace, justice and strong institutions.

Eyong, however, emphasised that ending gender-based violence could not be left to governments or development organisations alone, calling for a collective response involving traditional and religious leaders, civil society groups, the media, families, men and boys.

She urged stakeholders to challenge harmful social norms, promote accountability and build communities where violence against women and girls was neither tolerated nor normalised.

Commending Uluba’s courage and determination, Eyong said the initiative demonstrated how individual commitment and public advocacy could inspire wider movements for social change.

She expressed UN Women’s solidarity with the organiser, wishing her strength, good health and success throughout the marathon.

However, the intervention by the disability rights community highlighted another critical dimension of the campaign: the additional barriers confronting women and girls with disabilities in accessing protection and justice when they experience sexual and gender-based violence.

Founder and President of the Network of Women with Disabilities, Hon. Lois Auta, said her organisation’s support for the initiative was driven by the need to break the silence surrounding violence against women, particularly those living with disabilities.

She observed that survivors with disabilities often faced multiple obstacles when attempting to report abuse, obtain medical attention or pursue justice.

Among the challenges she identified were inaccessible police stations, the absence of sign language interpreters, inadequate medical facilities and discriminatory practices within the justice system.

According to her, these barriers frequently discourage survivors from reporting violations and pursuing justice, leaving perpetrators with opportunities to evade accountability.

Auta argued that the existence of laws protecting women and persons with disabilities would have limited impact if survivors could not access the institutions responsible for enforcing them.

She therefore insisted that the reading marathon must go beyond reciting legal provisions to ensuring that their contents were understood, accessible and effectively implemented.

She called for legal information to be translated into Braille for visually impaired persons, simplified and easy-to-read formats for individuals with intellectual and learning disabilities, and sign language interpretation for people with hearing impairments.

The disability rights advocate also urged governments to domesticate, adequately fund and enforce disability rights legislation, while calling on the police and judiciary to strengthen the capacity of their personnel to respond appropriately to cases involving survivors with disabilities.

She stressed the need to make police stations, hospitals and courts physically and institutionally accessible, noting that equal protection under the law must extend to women and girls regardless of their disabilities.

Auta further challenged civil society organisations to move beyond token representation by actively involving women with disabilities in the design, implementation and evaluation of programmes affecting them.

She invoked the disability rights principle, “Nothing about us without us”, arguing that women with disabilities must be recognised as active participants in decisions concerning their safety, rights and welfare.

She also appealed to the media to sustain coverage throughout the nine-day exercise rather than concentrating attention on its opening ceremony, stressing that continuous public engagement was necessary to achieve the campaign’s broader objectives.

Both speakers called for a coordinated national and regional response to gender-based violence, emphasising that legislation alone could not eliminate abuse without sustained public education, effective enforcement and changes in social attitudes.

While Eyong underscored the importance of making legal protections known to the public, Alta drew attention to the practical barriers that prevent some of the most vulnerable survivors from benefiting from those protections.

Their positions converge on a fundamental challenge confronting the campaign against gender-based violence: ensuring that the rights guaranteed by law translate into protection, support and justice for every woman and girl.

For Uluba, the 220-hour marathon represents an attempt to use an extraordinary endurance challenge to sustain public attention on an issue that continues to affect millions of women and girls.

But Eyong said the ultimate achievement must extend beyond breaking a Guinness World Record to breaking the silence surrounding violence, changing attitudes and ensuring that women and girls can live with dignity, safety and freedom from abuse.

The broader test of the initiative, therefore, will be whether the knowledge generated translates into greater awareness of legal rights, improved access to support services, stronger institutional accountability and an inclusive justice system that leaves no survivor behind.

UN Women, Disability Advocates Back 220-Hour Marathon to Combat Gender-Based Violence

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KACRAN Applauds Tinubu over Yobe Cargo Airport Takeover, Urges Buni to Invest Refund in Agriculture

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KACRAN Applauds Tinubu over Yobe Cargo Airport Takeover, Urges Buni to Invest Refund in Agriculture

…Says Federal ownership will boost North-East exports, create jobs, attract investors

By: Michael Mike

The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) has described the Federal Government’s takeover of the Yobe International Cargo Airport as a strategic economic intervention capable of transforming the North-East into a major agricultural, livestock and commercial export hub.

The association also urged Yobe State Governor, Mai Mala Buni, to channel part of the billions of naira expected as reimbursement for the airport project into agriculture, commerce, water supply, rural infrastructure and other critical sectors

KACRAN National President, Hon. Khalil Mohd Bello, in a statement, commended President Bola Tinubu for approving the takeover and reimbursement of the investment made by the Yobe State Government, describing the decision as a masterstroke for national economic development.

He also applauded members of the National Assembly for approving the promissory note for the reimbursement, expressing optimism that Federal Government ownership would accelerate the airport’s full operationalisation as an international cargo hub.

Bello said the facility, when fully operational, would serve not only Yobe but the entire North-East, neighbouring countries and the wider business community by providing an efficient channel for transporting agricultural produce, livestock products and manufactured goods to domestic and international markets.

He credited former Yobe Governor and Minister of Police Affairs, Senator Ibrahim Gaidam, with initiating the airport project, while commending Buni for sustaining its construction despite the enormous financial demands.

The KACRAN president described Buni’s decision to hand over the airport to the Federal Government as an act of patriotism and statesmanship, saying it reflected his commitment to regional and national economic development.

According to him, the airport’s economic significance extends beyond aviation, as it could stimulate investment in agriculture, livestock processing, fisheries, mining and other commercial activities across the region.

He identified sesame seeds, gum arabic, beans, groundnuts, grains, vegetables, fruits, cattle, sheep, goats and fisheries products as some of the commodities the North-East could export through the facility.
Bello particularly advocated the establishment of modern, internationally certified halal meat processing and export centres to enable the region to move beyond the traditional sale of live animals to exporting processed beef, mutton and goat meat.

He said such facilities could open access to markets in the Middle East, North Africa, Europe and Asia while creating investment opportunities in abattoirs, cold-storage facilities, milk industries, food processing and logistics.

The association said the airport could also strengthen regional economic integration by positioning Damaturu as a commercial gateway serving Borno, Yobe, Adamawa, Gombe, Bauchi and Taraba states, as well as neighbouring Niger, Chad and Cameroon.
Bello further said the airport’s operationalisation could generate employment across the agricultural and livestock value chains, increase foreign exchange earnings, reduce post-harvest losses and improve farmers’ incomes.

The association also linked the airport project to the North-East Development Commission’s planned deployment of more than 10,000 electric tricycles, taxis and buses across the region.

It commended the NEDC Managing Director, Alhaji Mohammed Goni Alkali, Executive Director, Administration and Finance, Dr Garba Iliya, and other management staff for organising sensitisation workshops on electric vehicles across the six North-East states ahead of the planned deployment.

Turning to the expected reimbursement to Yobe State, Bello appealed to Buni to invest part of the funds in expanding agricultural production, particularly in areas with strong potential for food production.

He cited Machina Local Government Area’s capacity for beans production and Gaidam’s potential for onions and other food ingredients, urging the state government to strengthen the agricultural sector to support food security and commercial exports.

He also called for additional investment in modern markets, noting that such facilities could stimulate commercial activities, create employment and strengthen the state’s economy.

Other priority areas identified by KACRAN include solar-powered boreholes in grazing reserves and other pastoral communities, planting of about 10,000 economic and mango trees, and construction of rural roads linking farming communities to Damaturu and the cargo airport.

The association further urged the governor to allocate resources to education, healthcare, security, youth and women’s empowerment, small-scale industries and accessible soft loans for traders, business owners and pastoralists.

Bello called on other North-East states to identify their competitive agricultural and industrial products, invest in processing facilities and take advantage of the cargo airport to expand exports.

He said coordinated efforts by the six states would maximise the economic benefits of the facility and strengthen the North-East’s contribution to national development.

KACRAN Applauds Tinubu over Yobe Cargo Airport Takeover, Urges Buni to Invest Refund in Agriculture

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