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POS dealers ATM make brisk businesses in Borno and Yobe state due to scarcity of naira notes
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
News
FG Says GEJ is Safe, Out of Guinea Bissau
FG Says GEJ is Safe, Out of Guinea Bissau
… Condemns Country’s Military Coup
By: Michael Mike
Nigeria’s Former President Goodluck Jonathan is very safe and out of Guinea-Bissau, the Federal Government has announced.
The spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa made the announcement on Thursday. He said: “He (President Goodluck Jonathan) left with a special flight with members of his delegation including, former President, Economic Community of West African States (ECOWAS) Commission, Ibn Chambas.”
Jonathan, who is the head of ECOWAS Election Monitoring Mission to Guinea Bissau, was tramped along with members of his team in the country when military suspended democratic process and took over government.
Meanwhile, the Nigeria’s government has condemned the military coup d’etat in Guinea Bissau.
The Nigerian government in a statement on Thursday by the spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa said: “The Federal Government of Nigeria has learned with profound dismay and deep concern the unfortunate military coup which has led to an unconstitutional change of government in the Republic of Guinea-Bissau.
“The Federal Government of Nigeria, in the strongest possible terms, condemns this act of military insurrection which undermines the democratic progress, constitutional order, and stability not only of Guinea-Bissau but of the entire West African sub-region. This coup d’état represents a blatant violation of the fundamental principles of the ECOWAS Protocol on Democracy and Good Governance, which explicitly rejects any ascension to power through unconstitutional means.
“We stand in solidarity with the people of Guinea-Bissau and call for the immediate and unconditional restoration of constitutional order, the safety and security of all those detained and the full respect for the sanctity of democratic institutions in Guinea-Bissau.”
The statement added that: “The Federal Government of Nigeria unequivocally calls on the authorities in Guinea-Bissau to ensure and guarantee the safety of all election observers still in the country on official assignment.
“The Federal Government of Nigeria urges all actors involved to exercise utmost restraint, prioritize peaceful dialogue, and respect the will of the people of Guinea-Bissau as expressed through their ballots and the peaceful conclusion of the election with the announcement of results by the electoral management body.
“We warn that those behind this act will be held accountable for their actions, which threaten to plunge the nation into chaos and reverse the hard-won gains of its democracy.”
It further added that: “Nigeria, as a key member of the Economic Community of West African States (ECOWAS) and the African Union, will work closely with our regional and international partners to take all necessary measures to ensure the swift return to normalcy and constitutional governance in Guinea-Bissau. We reaffirm our unwavering commitment to the promotion of democracy, peace, and stability across the African continent.”
FG Says GEJ is Safe, Out of Guinea Bissau
News
Federal Government Commissions Public Toilets in Nasarawa
Federal Government Commissions Public Toilets in Nasarawa
By: Michael Mike
The Federal Government on Thursday inaugurated a new smart toilet in Nasarawa State, calling for stronger sanitation efforts across the state to ensure Nigeria exits her unenviable position as one of the top nations with open defecation.
Few days ago, the Minister of Environment, Balarabe Lawal decried that just about 25 per cent of Nigerians have access to safely managed sanitation facilities leaving over 45 million Nigerians still practice open defecation.
The Federal Ministry of Environment on Thursday called for stronger sanitation efforts across the states at the commissioning of new smart public toilets at Orange Market, Mararaba, in Nasarawa state to mark the 2025 World Toilet Day
The Director General of the Nasarawa State Waste Management and Sanitation Authority (NASWAMSA), Hon. Muhammad Isah, warmly welcomed dignitaries and partners to the 2025 World Toilet Day commemoration, expressing deep appreciation for the strong support the state has continued to receive toward improving sanitation and environmental health.

Addressing the Governor of Nasarawa State, the Honourable Minister of Environment, the Permanent Secretary, the Director of Pollution Control and Environmental Health, the Commissioner of Environment, the Nasarawa State Ministry of Environment, and other distinguished officials and partners, the DG extended his gratitude for their presence and ongoing collaboration.
Isah said “on behalf of our Authority, I sincerely appreciate His Excellency, the Governor, for his strong support toward improving sanitation and environmental health in our state.” He applauded the Federal Ministry of Environment for its continued partnership, noting that the provisioning of smart toilets being commissioned at the event, as well as an earlier air pollution monitoring facility, have contributed meaningfully to improving community well-being.
According to him, “our deep gratitude also goes to the Honourable Minister of Environment and the entire staff of the Federal Ministry of Environment for their continued partnership. The provision of the Smart Toilets we commission today, as well as the air pollution monitoring facility earlier provided, are meaningful contributions that strengthen our work and improve the well-being of our communities.” The DG also highlighted new collaborative initiatives between NASWAMSA and the Ministry, particularly in waste-to-energy development and job creation. He noted that the Ministry requested ten locations for public toilets between Mararaba and Masaka, areas where sanitation facilities are urgently needed.

He explained that “NASWAMSA worked with Orange Market management to provide two suitable sites for modern public toilets. These are the facilities being commissioned today.” Hon. Isah further expressed sincere appreciation to Dr. Engr. Bahijjahtu Abubakar, describing her as “maman talakawar jahar Nasarawa,” for her consistent support of women’s engagement and youth initiatives in the state. He stated, “your dedication is having a significant impact, and both the government and the people of Nasarawa State are truly grateful for your contributions. Thank you for your commitment to improving our environment and community.” The DG reaffirmed NASWAMSA’s commitment to continued collaboration with partners in pursuit of a cleaner and healthier Nasarawa State,
Also speaking at the event, the Executive Chairman of Karu Local Government Council, Barr. Abubakar Aliyu Madaki, described the newly commissioned Public Toilet Project at Orange Market, Mararaba, as a significant milestone in efforts to promote public health, environmental sanitation, and community wellbeing in Karu Local Government Area. During the Community Engagement/Sensitization Campaign and Commissioning of the Public Toilet Project organized by the Federal Ministry of Environment, he expressed appreciation to the Ministry for selecting Karu as one of the beneficiaries of the initiative.
He said “it is with great pleasure and a deep sense of responsibility that I stand before you today on behalf of Government and the good people of Karu Local Government Area.” He noted that the commissioning marks “another significant milestone in our collective efforts to promote public health, environmental sanitation, and community wellbeing in Karu.”
Madaki emphasized that Orange Market, being one of the busiest commercial hubs in the Local Government, attracts thousands of traders, buyers, transporters, and visitors daily, which creates the urgent need for proper sanitation facilities to prevent pollution and disease outbreaks. Describing the facility, he said, “This Public Toilet Project is therefore not just a building but it is an investment in public health, dignity, and environmental protection. It provides a safe, hygienic, and accessible facility for all market users, and supports our ongoing efforts toward a cleaner and a healthier Karu for everyone in line with the vision of His Excellency Engr. Abdullahi A. Sule the Executive Governor of Nasarawa State.”
He outlined recent efforts of the Local Government Council toward improving sanitation, stating that “over the past months, we have intensified efforts to improve waste management in markets and across communities, strengthen environmental monitoring and compliance, support community-based sanitation initiatives, and promote health education and community awareness.” Madaki assured the Federal Ministry that Karu Local Government would ensure the facility is well managed, adding, “Karu Local Government Council will take full responsibility for the maintenance, security, and effective use of this facility.” He urged traders and residents to safeguard the facility, saying, “this facility is yours. I urge you to take ownership of it. Let us use it properly, keep it clean, and protect it from vandalism.”
In his remarks, he expressed special appreciation to the Honourable Minister of Environment, the Honorable Commissioner of Environment, the DG NASWAMSA and their staff “for the support and dedication to environmental sustainability nationwide,” and stated that Karu Local Government remains open to more partnerships aimed at uplifting the health, economic, and social wellbeing of the people.
As the ceremony concluded, the Chairman reminded attendees that “development is meaningful only when it touches the lives of the people directly,” urging renewed commitment toward a cleaner society. He added, “Together, let us continue to promote a cleaner, safer, and healthier Karu for us and the future generation to come,” and ended with, “Thank you and may God bless us all. God bless Karu Local Government Area, Nasarawa State and the Federal Republic of Nigeria.”
Federal Government Commissions Public Toilets in Nasarawa
News
NESREA, Ogun State Seal Recycling Facilities
NESREA, Ogun State Seal Recycling Facilities
…Quarry Shut after Flying Rocks Injured School Students
By: Michael Mike
The National Environmental Standards and Regulations Enforcement Agency (NESREA) in collaboration with Ogun State Ministry of Environment, on Thursday sealed off recycling facilities in Ogijo community in Ogun State.
The sealing followed the failure of the operators to comply with the provisions of the National Environmental (Battery Control) Regulations 2024 and the Protocol developed by NESREA to ensure environmentally sound management of used lead acid batteries and safeguard the health of residents and the environment.

Under the protocol, the facilities committed to manage ULAB slag and base metal residue in a safe, environmentally sound and socially responsible manner, and also prioritize staff health and safety including an annual blood lead testing and provision of Personal Protective Equipment.
The recyclers, as duty to the host community and environmental responsibility are to conduct annual environmental impact audits on surrounding communities, transition to cleaner recycling technologies and participate in pilot projects for slag reuse for bricks and cement raw materials.
NESREA in collaboration with Ogun State government and other partners under the Project for Responsible Battery and Metal Recycling (PROBAMET)had carried out extensive assessment and sensitization of the operators in the sector on international best practices in the recycling sector.
In the same vein, official of the agency have shut down Cornerstone, managed by Istanbul Quarry in Dutse area of Abuja on Wednesday, after flying rocks from a blasting operation injured staff and students of Graceland High School, and damaged the school properties as well.
According to a statement by the spokesperson of the agency, Nwamaka Ejiofor, Investigations by NESREA showed that the students were in their various classes writing exams when they heard a bang at about 12.30 pm, followed by flying rocks which destroyed the school buildings, with 11 students and 2 staff of the school sustaining various degrees of injury. Nearby shops were also affected by the flying rocks.

Deputy Director, Conservation Monitoring, Glory Uboh. said the agency took the step to shut down the facility as their operations were contrary to the provisions of the National Environmental (Quarrying and Blasting Operations) Regulations 2013.

She said, “What happened is life threatening, that was why we had to move in immediately to seal the facility. Cornerstone, managed by Istanbul Quarry, which carried out the blasting operation will be sanctioned because our preliminary investigation shows contradiction to Quarry operating procedure and regulations. We will continue with our investigations and the facility will definitely be sanctioned in line with the National Environmental (Quarry and Blasting Operations) Regulations 2013”.
NESREA, Ogun State Seal Recycling Facilities
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