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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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Protest at the National Assembly with Demand for Declaration of State of Emergency on Security

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Protest at the National Assembly with Demand for Declaration of State of Emergency on Security

By: Michael Mike

There was a mild protest at the National Assembly on Wednesday, calling on the Federal Government to urgently declare a state of emergency to address the nation’s deepening insecurity crisis.

The protest was organized by the Nigeria Movement for Actionable Change (NMFAC) led by activist and convener Faisal Sanusi Ibrahim.

The group made up of various civic and youth organisations said the demonstration was a patriotic effort to draw national attention to the alarming spread of kidnappings, killings and violent attacks across the country.

Ibrahim said: “We all know the current state of insecurity in the entire nation. No state is safe, no one is safe.

“We are here as Nigerians for actionable change, united beyond religion, tribe or culture, because insecurity affects everyone.”

While commending recent rescue efforts, NMFAC warned that the situation remains dire. Ibrahim noted that although 24 abducted victims were freed, 253 Nigerians remain in captivity in Niger State, with fresh kidnappings reported in Kwara and Kano just a day earlier.

“These attacks are sporadic. We cannot fold our hands,” he said.

The movement rejected any form of negotiation with armed groups, insisting that government must confront criminal elements decisively.

“We are saying a complete no to negotiation with terrorists people who sacked us from our homes and made our lives unbearable,” Ibrahim declared. “We need action, not dialogue with those destroying our nation.”

He cautioned against framing insecurity along religious lines, amid global concerns over alleged persecution.

“If we choose to treat insecurity based on religion, we will not solve it. Every religion is affected. Humanity is the first religion,” he said.

Ibrahim, known for his activism on social media, said young Nigerians are overwhelmed by a combination of insecurity, hunger, economic hardship, and multiple government-imposed subsidies.

“So many people are crying, so many are dying. Which problem do we treat first hunger or insecurity?” he asked. “Until everyone is safe, no one is safe.”

NMFAC demanded improved funding, equipment and firepower for security agencies, warning that criminals increasingly overpower military personnel.

“When soldiers run, you know there is a problem,” Ibrahim said. “Our security men are being killed every day. The government must supply them with the equipment needed to win this fight.”

He referenced the recent killing of a military general as a grim signal of escalating danger.

The group lamented that insecurity has made road travel perilous, forcing many Nigerians to rely on air travel—an option out of reach for the majority.

“Using an airplane is no longer a luxury, it’s a necessity. But how many Nigerians can afford it?” Ibrahim asked. “Our roads are not safe not for civilians, not even for security agencies.”

NMFAC urged lawmakers to intervene urgently, insisting that only decisive national action can halt the spread of violence.

“We don’t know which school, which state or which community is next,” Ibrahim warned. “The problems in this country are overwhelming.

We are pleading with the government to do the needful so Nigerians can move safely from one place to another.”

Protest at the National Assembly with Demand for Declaration of State of Emergency on Security

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Nigeria’s painful silence and selective outrage that fuels division

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Nigeria’s painful silence and selective outrage that fuels division

By: Zagazola Makama

Three months ago, two Catholic priests Fr. John Igwebueze and Fr. Matthew Eya of the Catholic Diocese of Nsukka, Enugu State were brutally murdered by armed members of the proscribed IPOB/ESN group, widely referred to as “Unknown Gunmen.” Their killers did not hide. They claimed responsibility. There was no ambiguity, no attempt to shift blame, no opportunity to invoke the usual scapegoats. And yet, the country remained disturbingly quiet.

There were no trending hashtags, no loud condemnations from pulpits, no fiery commentaries from activists, and no international calls for inquiries. The Catholic Diocese of Nsukka buried the slain priests quietly without protest marches, vigils, or the global attention that similar tragedies have elicited in the past.

Even the Christian Association of Nigeria (CAN) has remained silent, offering no statement or call for international attention from Donald Trump or US Senator Ted Cruz since the attackers were not those they wanted to carry out the crimes. They are IPOB. During the burial, most media houses did not amplify the incident because it could not serve as fuel for the usual narratives.

International actors who regularly spotlight religion-related violence in Nigeria remained silent. There were no statements from groups in the United States or Europe. No congressional letters. No tweets from Christian lobby networks. No protests. Why? Because the attackers were not the preferred villains.

Bishop Wilfred Chikpa Anagbe of the Catholic Diocese of Makurdi who is one of the persons at the centre of the row between the United States (US) and Nigeria over alleged genocide against Christians in Nigeria, kept mum about this one.

This silence has once again exposed a painful reality in Nigeria’s narrative landscape: outrage often depends on who the perpetrator is, not on the value of the lives lost.

Ordinarily, the killing of Catholic clergy would spark national outrage. But this time, many of those who typically amplify such tragedies chose silence. The reason is painfully clear: since the perpetrators were not Fulani herdsmen the incident did not fit into the long-maintained narrative of “Christian genocide.”

Some clerics who routinely denounce attacks when they can be linked rightly or wrongly to Fulani herders avoided the subject. Until the burial, No high-profile Christian leaders issued statements.

In recent years, IPOB/ESN elements who are overwhelmingly Christians have carried out hundreds of assassinations, destroyed security formations, attacked civilians, extorted communities, and imposed illegal sit-at-home orders that have crippled the South East economy. Markets, transport systems, schools, farms, and small businesses have been devastated. Many families have been displaced. Yet, the loudest voices in Nigeria’s activist circles, civil society, and religious communities rarely connect these pains to IPOB terrorism. Even if it is glaringly that they committed the crime, they are often labelled as unknown gunmen.

In fact, a recent viral video showed IPOB elements attempting to stage-manage footage to implicate Fulani herders an intentional propaganda move to sustain their preferred narrative.

Meanwhile, evidence shows that extremists and criminals exist in every community Fulani, Igbo, Yoruba, Kanuri, Tiv, and others. While it is true that some Fulani-linked terrorists and bandit groups have committed horrific killings targeting Muslims, Christians, and people of other ethnic background, this does not justify labeling an entire ethnic group as violent. What Nigeria is witnessing today is not just violence it is a moral crisis.

Some people appear emotionally invested in associating crimes with certain groups. They find satisfaction in tragedy only when it confirms their prejudices. They amplify stories only when they can use them to demonize entire communities. And when the narrative does not fit what they want, they remain silent. This selective empathy not only destroys trust; it fuels hatred and deepens divides.

And when we generalize wrongdoing, when we blame millions for the crimes of a few, when we rejoice because a tragedy fits our bias, we become participants in violence psychologically, morally, and socially.

If Nigeria will ever heal, then our outrage must be consistent, our empathy must be unconditional, and our condemnation must be unbiased. We must mourn victims equally.
We must call out terrorists by their names, not by our preferred narratives. We must reject propaganda designed to pit Nigerians against one another. These values are the foundation of a nation that seeks peace, justice, and unity.

Until we abandon selective outrage, Nigeria will continue to bleed, not just from bullets, but from a poisoned conscience.

Nigeria’s painful silence and selective outrage that fuels division

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UK, Nigeria Deepen Digital Cooperation Through Benchmarking and Knowledge Exchange

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UK, Nigeria Deepen Digital Cooperation Through Benchmarking and Knowledge Exchange

By: Michael Mike

The United Kingdom and Nigeria have advanced their strategic partnership through a high-level international benchmarking and knowledge exchange tour focused on end-to-end clearance of IT projects and procurement of public digital products and services.

Hosted by the UK Foreign, Commonwealth & Development Office (FCDO), through its Digital Access Programme, in collaboration with leading UK digital governance institutions, including Government Digital Service (GDS), Public Digital, Crown Commercial Service (CCS), British Standards Institute, and the FCDO Cyber Policy Department, the programme brought together senior officials from Nigeria’s National Information Technology Development Agency (NITDA), Galaxy Backbone Limited (GBB), Nigeria Data Protection Commission (NDPC), for a week-long engagement in London from 23 to 28 November 2025.

The programme built on the UK–Nigeria Strategic Partnership’s pillars of economic development, governance reform, and technology cooperation, ensuring that both countries leverage digital innovation to drive inclusive growth and secured public services.

A statement on Wednesday by FCDA said for Nigeria, this engagement will inform the enhancement of NITDA’s IT Project Clearance, improve procurement efficiency, and embed global best practices in cybersecurity, digital and data governance of public digital services. This engagement reinforces the UK’s role as a trusted partner for Nigeria’s inclusive digital transformation journey as well as open access to the UK technology supply chain for the Nigerian market.

While delivering the opening remarks, Kashifu Inuwa Abduallahi, NITDA Director General represented by Dr Usman Gambo Abdulahi, the Director IT project Clearance Unit said: “At the heart of Nigeria’s reforms is our determination to improve government service delivery, reduce waste, strengthen cybersecurity, and build trust in public digital systems. Modernising the IT Projects Clearance process therefore is a key enabler to achieving this vision. I commend the UK’s FCDO through the Digital Access Programme for its consistent support to Nigeria’s digital transformation journey. I thank UK Government and its various departments for agreeing to share insights and expertise that will certainly strengthen our institutions and our nation’s governance capacity”.

The FCDO’s Director for International Science and Technology, Ros Eales, said:

“Nigeria is a key partner of the UK in the tech sector. Working with partner countries like Nigeria is to ensure that digital transformation works for all and is safe, secure, and sustainable. This becomes even more important in an era of rapid technological evolution, accelerated by AI, with all its benefits to reap and risks to manage.”

the British deputy high commissioner in Lagos, Jonny Baxter, said: “The UK is proud to stand as a key partner to Nigeria, leveraging our expertise to drive knowledge exchange in digital governance and institutional reform. This technical collaboration underscores our longstanding commitment to Nigeria’s digital transformation and to building strategic partnerships that deliver shared economic growth for both nations.”

Head of Digital Development in FCDO London, and global lead of the UK Digital Access programme (DAP), Alessandra Lustrati, presented the Digital Development Strategy 2024-2030 to the Nigerian delegation and highlighted the importance of supporting best practices in the digital transformation of government, to ensure digital services are accessible, open, and citizen-driven, within a safe and secure digital environment

UK, Nigeria Deepen Digital Cooperation Through Benchmarking and Knowledge Exchange

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