News
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
Security checks find no confirmation of alleged terror build-up around Heipang axis
Security checks find no confirmation of alleged terror build-up around Heipang axis
By: Zagazola Makama
Available security checks and field verifications do not support the claim circulating in the alert attributed to Barr. Dalyop Solomon Mwantiri alleging imminent coordinated attacks around Heipang Airport and surrounding communities in Plateau.
Multiple security sources indicate that: There is no confirmed intelligence of mass movement or staging of armed groups in the Heipang, Kwi, Kuru, Bisichi, or Wereng axis as described.
Routine patrols and surveillance by security forced in Barkin Ladi, Jos South, and Riyom LGAs have not reported unusual or mobilisation consistent with a planned large-scale attack.
The claim of a “narrow escape” has not been corroborated by any official report from security agencies or local command structures.
Sources said that such messages often emerge during periods of heightened tension and can trigger panic, reprisals, or misinformation cycles, especially in volatile communities.
However, authorities emphasise that the absence of confirmation does not eliminate the need for vigilance.
Residents should rely on verified channels and promptly report any suspicious activity to security agencies. Spreading unverified alerts can undermine coordinated security responses and create unnecessary fear.
A senior security source described the message as “unverified and likely exaggerated”, urging the public to remain calm while security forces continue routine dominance patrols across the affected LGAs.
The general security situation in the area remains under observation but stable, with no immediate indication of an impending coordinated attack as claimed.
Security checks find no confirmation of alleged terror build-up around Heipang axis
News
Eight killed in fresh Plateau attack by Fulani Bandits as troops intensify clearance operations
Eight killed in fresh Plateau attack by Fulani Bandits as troops intensify clearance operations
By: Zagazola Makama
Suspected Fulani Bandits have killed eight residents in Mbwelle Village, Kwatas District of Bokkos Local Government Area of Plateau, in the latest wave of tit for tat attacks in the state.
The incident occurred at about 10:30 p.m. on April 9, according to security sources.

The victims were identified as Habila Istifanus (38), Hassan Istifanus (31), Iliya Mangut (70), Sunday Gideon (31), Innocent Banabas (20), Lucky Titus (38), Wisdom Lucky (15), and Bwehsun Hassan (25).
Joint security forces responded to the distress call but did not establish contact with the attackers, who fled before their arrival.
A security source attributed the delayed response to the distance of about 15 kilometres between the troops’ base and the community, as well as difficult terrain.
All casualties, including the injured, were evacuated to Bokkos Cottage Hospital, while troops have launched pursuit operations to apprehend the fleeing militia.
Earlier on April 9, troops under Operation Wutan Daji recorded a major operational success in Wase and Kanam LGAs, neutralising 13 suspected terrorists during an offensive along identified corridors in Daba and Seri villages.
The troops had established blocking positions between Dutsen Zaki and Odare Forest, where they intercepted armed elements moving on motorcycles.
Recovered items included two motorcycles, five 25-litre jerrycans of Premium Motor Spirit (PMS), one AK-47 rifle, and a magazine loaded with three rounds of 7.62mm special ammunition.
Military sources said several fleeing terrorists escaped with gunshot wounds, while clearance operations remain ongoing.

In a separate operation on the same day, troops of 33 Artillery Brigade, in collaboration with the Office of the National Security Adviser (ONSA), conducted clearance operations in Daji Madam Forest, targeting camps at Dogo Ruwa and Bogwas.
The operation, supported by troops of a Combat Support Infantry Battalion and Civilian Joint Task Force (CJTF), led to the rescue of 21 kidnapped victims and the destruction of multiple bandits’ enclaves, including one linked to a notorious leader identified as Auta Kachalla.
Items recovered included one G3 rifle, four magazines, three generating sets, and a solar panel.
Despite these gains, security incidents have persisted across Barkin Ladi, Riyom, Jos South, and surrounding areas.
On April 8, troops of Operation Enduring Peace (OPEP) foiled an attack on commuters along the Razat–Kafi Abu road in Barkin Ladi LGA, where one civilian was killed and two others injured.
Later the same day, troops repelled a militia attack along the same axis and conducted a cordon-and-search operation in Suma Suga Takwok, recovering two AK-47 rifles, two magazines, and five rounds of 7.62mm ammunition.
In Riyom LGA, one civilian was killed in an ambush along the Dagbam bridge axis on the GOL–HOSS–Bwei road, while two others escaped unhurt. Troops also foiled an attack on Jol community on April 7, forcing the assailants to retreat without casualties.
Similarly, troops rescued one victim and recovered ammunition following an earlier attack in Dum village, Bachi District, where another victim was found dead.
Security operatives also intercepted 16 stray cattle grazing on farmland in Tahoss community, an incident linked to recurring disputes between farmers and herders.
The pattern of violence reflects a sustained cycle of reprisals between farming communities and pastoral groups.
On April 5, a Fulani herder, identified as Abubakar Hababe (40), was found dead in Riyom LGA in what sources described as a reprisal attack. The killing by suspected Berom Militia was reportedly linked to earlier incidents, including the attack on an illegal mining site in Gyel village where three miners were killed.
Other incidents include the discovery of the body of a 30-year-old herder, Shafiyu, in Jos South LGA, and the killing of a Fulani boy, Abdullahi Mohammed, in Mangu LGA.
Tensions were escalated since March 28, after the assassination of a Fulani leader, Alhaji Bilyaminu Julde, the Ardo of Gindiri in Barkin Ladi LGA.
Security reports also identified repeated destruction of farmlands and cattle rustling, further aggravating hostilities between communities.
Authorities said troops and other security agencies have intensified patrols, surveillance, and community engagements across affected LGAs to prevent further escalation.
“Operations are ongoing to dominate the general areas, dismantle criminal networks, and restore normalcy,” a security source said.
The developments illustrate the complexity of the security situation in Plateau, where counter-terrorism operations intersect with long-standing communal tensions, making sustained peace efforts increasingly challenging.
Security agencies have urged residents to remain calm, avoid reprisals, and provide credible information to support ongoing operations aimed at restoring lasting peace in the state.
Eight killed in fresh Plateau attack by Fulani Bandits as troops intensify clearance operations
News
Zagazola defends Gebi, urges Nigeria not to discard “one of its best minds” over allegations
Zagazola defends Gebi, urges Nigeria not to discard “one of its best minds” over allegations
By: Zagazola Makama
Counter-insurgency expert and security analyst, Zagazola Makama, has called for a fair and balanced assessment of the career and contributions of former lawmaker and security governance expert, Mr Aliyu Ibrahim Gebi, amid ongoing allegations of providing false intelligence to foreign embassies.
Makama appealed to Nigerian government not to dismiss Mr Gebi, over ongoing allegations, urging Nigeria to carefully weigh his long record of service in national security and diplomacy.

Makama, who spoke in reaction to the controversy surrounding alleged intelligence-related activities linked to Gebi, stressed that Nigeria must evaluate his long-standing record of service in both kinetic and non-kinetic aspects of national security rather than isolate him based on allegations.
He said Gebi remained one of the country’s finest notable figures in security governance, regional diplomacy, and conflict resolution architecture, noting that his contributions over the years cut across legislative oversight, governance, counter-terrorism engagement, and high-level diplomatic mediation.
According to him, Gebi’s past involvement in sensitive national assignments, including inter-agency coordination efforts and regional stabilization initiatives, places him among a small pool of Nigerian actors with practical exposure to both domestic and transnational security dynamics.

Makama recalled that Gebi played roles in legislative security oversight during his tenure in the House of Representatives, where he chaired security-related committees and participated in discussions shaping internal security responses at a time of growing insurgency threats in the country.
He further noted his participation in regional engagements under ECOWAS frameworks, where he contributed to discussions on border security, free movement protocols, and counter-terrorism cooperation among West African states.
The analyst also highlighted Gebi’s involvement in non-kinetic interventions, particularly diplomatic engagements aimed at de-escalating tensions between Nigeria and neighbouring countries, including efforts to restore communication channels during periods of strained bilateral relations.
Makama added that Gebi’s role in broader regional security dialogues involving Nigeria, Niger Republic, Mali, and Burkina Faso demonstrated his exposure to multinational coordination mechanisms and alternative conflict resolution approaches outside conventional military operations.
He stressed that individuals with such background often operate within sensitive intelligence and diplomatic environments where misinterpretations can easily arise, noting that such complexity should not be ignored in public judgment.

“Nigeria must not to discard one of its best hands in the non-kinetic and strategic communication space based on allegations that are still under investigation. “Nigeria cannot afford to lose experienced actors in its security ecosystem without full and fair consideration of their track records,”Makama said.
He added that Nigeria’s security challenges required experienced bridge-builders capable of working across intelligence, diplomacy, and civil-military coordination, rather than a narrowing of the country’s human capacity pool through premature exclusion.
He said that the former lawmaker had, over the years, participated in several high-level policy engagements, advocacy programmes, and security governance platforms, where he consistently advocated for stronger intelligence sharing, regional cooperation, and a whole-of-government approach to insecurity in West Africa.
“Whether in formal government assignments or informal diplomatic engagements, Gebi has consistently positioned himself on the side of Nigeria’s national interest,” Makama stated.
The security analyst also highlighted Gebi’s public communication role, noting that he had frequently used social media platforms, particularly Twitter, to mobilise youth engagement around national unity, counter-extremism narratives, and civic responsibility, describing it as part of modern strategic communication in security governance.
According to him, such engagements formed part of modern strategic communication efforts that complement kinetic military operations with information-driven stabilization strategies.
Makama cautioned that isolating individuals who have contributed significantly to national security discourse based solely on allegations could discourage future participation by experts in sensitive intelligence and diplomatic engagements.
The nation must judge fairly, investigate thoroughly, but also remember those who have consistently worked to keep it stable. Gebi is one of them.
Zagazola defends Gebi, urges Nigeria not to discard “one of its best minds” over allegations
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