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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
Integrated campaign to boost health of 1m children, women in Gombe
Integrated campaign to boost health of 1m children, women in Gombe
The Gombe State government in collaboration with the Federal Government and the United Nations Children’s Fund (UNICEF), has inaugurated the National Immunisation Plus Days campaign in the state.
The integrated campaign is targeting 1, 046, 553 beneficiaries, comprising 832, 427 children for vaccination against polio and 214,126 pregnant women to be provided multiple micronutrient supplements.
Mr Manassah Jatau, the state’s Deputy Governor while inaugurating the campaign on Friday in Swa community in Balanga LGA of Gombe State said the event also marked the launch of the Maternal Newborn and Child Health Week (MNCHW).
Jatau who was represented by Dr Ahmed Kashere, Chairman of the Governing Council of the Gombe State Primary HealthCare Development Agency described the campaign as crucial towards protecting the health of children and expectant mothers.
He said that the integrated campaign would ensure that children were protected from diseases that threaten their lives.
“This campaign targets 832,427 eligible children and pregnant mothers across 11 LGAs, focusing on polio vaccination for children under five.
“It will ensure vitamin A supplementation for 770,852 children aged 6-59 months, to boost their immune system and prevent night blindness
“Deworming for children aged 12-59 months, to improve their nutritional status and reduce the burden of worm infestation would also be part of the campaign.
“During the exercise, malnutrition screening for children aged 6-59 months, to identify and manage malnutrition early would be carried out.
“Multiple micronutrient supplements would be provided for 214,126 pregnant women, to ensure they have the necessary nutrients for a healthy pregnancy,” he said.
According to him, Sulphadoxine pyrimethamine will be provided for pregnant women, to prevent malaria and its complications.
Jatau stated that the campaign would also feature health education on key household practices, to empower communities across the state with knowledge on healthy living.
He urged all stakeholders, community members, and well-meaning individuals to support the campaign, towards protecting children, pregnant women, while promoting healthy practices in communities.
The deputy governor commended development partners for their continued support and commitment to improving health outcomes in the state while also appreciating community leaders and health workers for their contributions.
Mr Haruna Gambo, the Zonal Technical Officer, National Primary HealthCare Development Agency restated the commitment of the Federal Government to the wellbeing of children and mothers across the state and country.
Gambo said that the collaborative approach through the integrated campaign would strengthen the immunisation system towards improving the health of communities.
In her remarks, Dr. Nuzhat Rafique, Chief UNICEF Bauchi Field Office said that the earlier campaign in the year recorded remarkable success, reaching thousands of children.
Rafique said that the success of the earlier campaign demonstrated what is possible when governments, communities, health workers, and partners unite behind a common goal.
She stated that immunisation remained one of the most powerful tools to protecting children from life-threatening, yet entirely preventable, diseases.
“In Gombe State, the immunisation campaign is being integrated with the MNCHW to ensure that more children and mothers are reached with essential health services.
“As part of our support, UNICEF has provided over 20,000 bottles of Multiple Micronutrient Supplements (MMS) for pregnant women.
“We have also provided over 700,000 doses of Vitamin A to boost the immunity of children and keep them healthy,” she said.
While thanking all donors and governments at all levels, Rafique called on parents, caregivers, community leaders, and partners across all sectors to “help ensure that no child is missed.”
Mothers who came out en masse with their children told our Correspondent that they were appreciative of the government and development partners’ efforts at offering them free vaccines and supplements.
According to them, mothers and their children in their community no longer fall ill as they used to since they embraced health initiatives from the government and donor partners.
Integrated campaign to boost health of 1m children, women in Gombe
News
Alaafin Assures NDLEA of Support, Collaboration in Fight Against Illicit Drugs
Alaafin Assures NDLEA of Support, Collaboration in Fight Against Illicit Drugs
By: Michael Mike
The Alaafin of Oyo, Oba Abimbola Owoade has assured the Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency (NDLEA), Brig. Gen. Buba Marwa (rtd) of support and collaboration in his renewed mandate to curb the scourge of substance abuse and illicit drug trafficking in the country.
The revered traditional ruler gave the assurance when he led two other royal fathers: Oloro of Oro, Oba Joel Olaniyan Olatoye and Olusin of Ijara Isin, Oba Ademola Julius Ajibola, on a courtesy visit to Marwa at the agency’s national headquarters in Abuja on Friday.

He said he is proud of Marwa’s trajectory as Atunluse of Yoruba land.
According to him, “to be kind with you, we are proud of you. Your being in this position at the moment is not just by chance, it’s because of your devotion, your commitment. You have this amiable character. That’s why you are able to govern Borno and Lagos States, and you have always been a performer. Another thing which I can’t forget about you is the legacy of Keke Marwa that you brought to Nigeria.”
Responding directly to the appeal by the NDLEA boss to traditional rulers to support ongoing efforts against drug abuse in the country, the Alaafin assured of his readiness to mobilise his colleagues to work with the agency.
He said: “I’ve heard your message and the same thing with some of my colleagues here and some of my other traditional rulers, we are ready to collaborate with you. I have to tell you, we are at the grassroots, we are close to the community people. We know a lot about what’s going on. So, I’m using this opportunity to tell you that we are ready. We are more than ready to work with you and to give you all the necessary support to make sure that you are successful in this job. We can tell you that anytime you are in need of us, we will always be there for you.”

In his welcome remark, Marwa congratulated the Alaafin for ascending the throne of his forefathers. He charged him and other traditional rulers across the country to leverage on their influence at the local level to work with NDLEA to stamp out substance abuse in communities.
Marwa said: “The drug scourge in Nigeria is at an unacceptable limit and from the drug use survey report of 2018, we find that close to 15 million Nigerians aged 15 to 64 use drugs. It’s a big problem and we have been mandated by President Tinubu, to stand up, fight the drug scourge, arrest those responsible, prosecute them and seize their assets, the traffickers. And on this assignment, we would like to call on the traditional institutions because it’s a very, very important institution.
“Nigerians respect the traditional institutions. Whoever you are in Nigeria, you still come from somewhere. And when you go back to that place, you pay homage to whoever is the leader of the community. And so when the traditional leader speaks, it carries weight. And equally we plead for traditional leaders to also engage the religious leaders in charge of churches and mosques in their domains, they should do serious advocacy against the use of drugs. The NDLEA is always prepared to work with the traditional institution.”

He said the agency will also appreciate getting information about drug dealers in local communities from traditional rulers because of the risk they pose to many youths and their families. “We really appreciate this collaboration and I know for a fact that if we are able to control drug use, even the criminalities will come down because all the people that are kidnappers and the insurgents, terrorists, bandits everywhere, they use drugs first to charge themselves up, to make them high.”
He expressed appreciation to Alaafin for the visit and wished him long successful reign in
good health, peace, development and prosperity in the entire Oyo Kingdom.
Alaafin Assures NDLEA of Support, Collaboration in Fight Against Illicit Drugs
News
Mignot: Africa/Europe Ties Destined, Rests on Mutual Respect
Mignot: Africa/Europe Ties Destined, Rests on Mutual Respect
By: Michael Mike
The European Union (EU) Ambassador to Nigeria and ECOWAS, Gautier Mignot has described the ties between the continents of Europe and Africa as destined and rest on long-term impact, sustainability and mutual respect.
Speaking at a reception organized for African Union and European Union in Abuja, Mignot said “the ties between both continents as a “community of destiny,” adding that Africa’s and Europe’s wellbeing are deeply interconnected.
He emphasized that the partnership rests on long-term impact, sustainability and mutual respect—principles he believes will continue to guide cooperation in the coming years.
The reception which marked the successful conclusion of the 7th African Union–European Union Summit and the 25th anniversary of the AU–EU partnership hosted by the European Union Delegation to Nigeria and ECOWAS, in collaboration with the Embassy of Angola, had in attendance envoys from both European and African countries.
The reception was jointly led by the EU Ambassador and the Ambassador of Angola, José Bamóquina Zau, whose country hosted the summit in Luanda at the end of November.
In his remarks, the EU Ambassador praised Angola for its hospitality, noting that the summit’s success was anchored largely on the commitment and support of the host government and people. He extended the appreciation of all participating delegations to Ambassador Zau and commended Angola for facilitating what he described as “a real sense of community” among nations.
Although President Bola Ahmed Tinubu was unable to attend the summit in Angola due to domestic engagements, Nigeria was represented by Vice-President Kashim Shettima.
The ambassador noted that the strong representation from both African and European sides underscored the significance attached to the partnership. According to him, the joint statement endorsed in Luanda by countries representing about 40 percent of the global community demonstrated unity and shared resolve.
He said the summit reaffirmed a shared commitment to a more inclusive global order and a fairer international financial system capable of addressing the needs of citizens across the two regions. Over the past 25 years, he added, the AU–EU partnership has matured into a platform that drives concrete results across critical areas including peace and security, economic transformation, green and digital transitions, education and regional integration.
Highlighting the Global Gateway Investment Strategy, Mignot noted that more than half of its 264 flagship projects are focused on Africa, with investment commitments of at least €150 billion.
He also cited major initiatives aligned with the AU Agenda 2063, including the €1.2 billion Team Europe programme supporting the African Continental Free Trade Area, and the Africa-Europe Green Energy Initiative targeting the delivery of 50 GW of renewable energy and electricity access for 100 million Africans by 2030.
He noted that despite occasional misconceptions about the strength of the relationship, but stressed that the EU remains Africa’s largest trading partner, leading investor, top provider of development and humanitarian assistance, and the biggest contributor to the African Peace and Security Architecture.
He highlighted youth mobility and women’s empowerment as areas of particular pride for the partnership.
On his part, Ambassador of Angola, José Bamóquina Zau on the event hosted in Angola, said: “Luanda stood up as a platform of hope and a symbol of the African desire to establish continuous relations with Europe in search of benefits of both sides.”
He said hope must be anchored on building channels of dialogue and cooperation in the areas of peace and security, trade and investment, governance, education and health, climate action, and digital transformation.
The envoy said: “We must guide our actions with a spirit of pragmatism, free from the prejudice and bureaucracy that so often hinder the implementation of important decisions taken together.”
He however stated that Africa cannot continue to be dominated by poverty while remaining a major supplier of essential raw materials to the world.
He added that: “We must to build a new, solid, and effective vision between Africa and European financial institutions, with investments in development. This is the most assertive way to avoid the suffocation caused by excessive debt burdens.”
He however said: “Our strategic partnership will only be strong and resilient if it aligns with the African Union’s Agenda 2063, and capable of responding to current global and local geopolitical challenges.”
Mignot: Africa/Europe Ties Destined, Rests on Mutual Respect
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