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
Zulum-“Protect Our Sacred Bond,” Celebrates Peaceful Year in Christmas Message
Zulum-“Protect Our Sacred Bond,” Celebrates Peaceful Year in Christmas Message
By: Our Reporter
With profound gratitude to God for sparing our lives one full year to another Christmas celebration, Borno State Governor, Professor Babagana Umara Zulum felicitate with the Christian community across the state on the occasion of Christmas.
The Governor is currently engaged in a four-day security and resilience building tour across Northern Borno. The tour includes visits to military formations to boost their morale, and to communities affected by the insurgency, where he is working to build their confidence and provide tangible democratic benefits.
In a message by his Spokesperson Dauda Iliya, Governor Zulum expressed gratitude to God Almighty for the return of relative peace in the state.
“For us in Borno State, the period between the 2024 to the 2025 Christmas celebrations has been one full year of celebrating enviable all-encompassing reconstruction and recovery,” Zulum stated.
“The progress is not only in terms of physical infrastructure, but also in terms of the peace and forbearance, mutual goodwill and harmonious coexistence among the Muslim and Christian communities, which our beleaguered state very critically desires to launch itself back to prosperity and glorious past,” he added.
“I feel obliged to express my most heartfelt gratitude to God for enabling me to preside over the state one full year, witnessing a gladdening restoration and maintenance of these required peace, mutual goodwill and harmony between the the Muslim and Christian communities which bonded us tightly together as a solid people, but which the over a decade Boko Haram insurgency threatened to completely destroy.
“A noteworthy part of the Muslim-Christian harmonious coexistence and goodwill reconstruction and maintenance was my recent high-level consultation meeting with the leadership of Jama’atu Nasril Islam (JNI) and Christian Association of Nigeria (CAN), focused on strengthening collaborative efforts between the state government and religious bodies to combat the lingering threat of insecurity and foster lasting peace in Borno State.
“At that meeting, I underscored the critical role of religious leaders in promoting tolerance, unity and peace across the state because Borno, like many states, has unique and beautiful family composition dynamics.
“It is common to find under one roof, brothers and sisters, uncles and aunts, who profess different faiths. We share meals, we celebrate festivities and milestones, we grieve losses together, as one family, bound by blood and love that transcends religious labels. This is our reality.
“I stressed that our enviable strength emanates from this reality. I will still, therefore, stress that we must protect this sacred bond within our homes and allow it to define our individual, as well as intra- and cross-community engagements.
“In sustenance of my tradition of just, fair and equitable treatment of both communities in festive seasons, I have, also, this year, I announced support to the Christian community and non indigenes, which includes free transportation to non-indigenes to different parts of the country, humanitarian support to over 6,000 vulnerable Christians, cash gifts to widows and orphans, sponsorship of Christian pilgrimage and other interventions.
I am always disposed to rendering such support, and even more, whenever the need arises.
Governor Babagana Zulum urge every citizen of the state, irrespective of faith, to come together in the collective search for lasting security, peaceful and harmonious coexistence as the most-critical foundation for true reconstruction, recovery and prosperity.
Zulum-“Protect Our Sacred Bond,” Celebrates Peaceful Year in Christmas Message
News
Gov. Zulum condemns Christmas Eve explosion in Borno
Gov. Zulum condemns Christmas Eve explosion in Borno
By: Bodunrin Kayode
About five people are feared dead yesterday evening as a suicide bomber detonates improvised explosive devices (IEDs) strapped to his body in a Maiduguri mosque in the popular Gamboru market, which is visited by traders from all over the country, including bordering countries.
The deaths, which were as a result of a suicide explosion, occurred at a mosque inside Gomboru Market, where the suspect had sneaked into a mosque, disguised as a faithful during “Magrib prayer.”

Sources within the market community said he was not a regular at the mosque, and they could also not explain how he lined up with the others or how he came to the community unnoticed to cause such a damnation.
As of the time of writing this report, the explosion had left several residents within the market community injured, while the most fatal ones have been rushed to nearby general hospitals for immediate treatment to stop the bleeding, which usually escalates the bleeding.

As of the time of writing this report, the military and police authorities had confirmed that about five people had died from the attack, which caused a lot of people to scamper for safety, causing massive gridlock around the customs area.
Reaction of the military
Reacting to the incident, the military said that about 32 civilians sustained all manner of injuries from the incident.
In a release signed by Lt. Col. Sanni Uba, it went on to state that the incident occurred at about 6pm yesterday at a mosque located within Gamboru Market in Maiduguri Metropolitan Council (MMC), while Muslim faithfuls were observing evening prayers.
“Preliminary findings indicated that the incident was caused by a suspected Boko Haram Terrorist (BHT) suicide bomber, who detonated an improvised explosive device, killing himself and 2 civilians on the scene.

“Troops, in conjunction with the Nigeria Police Explosive Ordnance Disposal (EOD) team, other sister security agencies, the Borno State Government, and NEMA, responded promptly, secured, and cordoned off the affected area to prevent further harm and ensure public safety.
“Casualties were immediately evacuated to the General Hospital and the Teaching Hospital in Maiduguri for prompt medical attention.
“A total of 32 civilians sustained varying degrees of injuries. Regrettably, 2 of the injured civilians were later confirmed dead at the hospital, while 2 others are currently in critical condition. The remaining injured persons are stable and receiving appropriate medical care.
“Troops and other security agencies have since intensified surveillance and security measures within Maiduguri and surrounding areas.
“Members of the public are advised to remain calm and security conscious, especially during the yuletide season. The public is also urged to be on the lookout for teenagers with suspicious looks.
“It is advised to avoid crowded places and maintain extra vigilance at religious places, especially churches during the yelutide period. Citizens are urged to promptly report any suspicious persons or activities to the nearest security post.
“OPHK commiserates with the families of the deceased and assures the public of its continued commitment to safeguarding lives and property.”
Zulum Condemns Maiduguri Mosque Suicide Attack, Calls for Vigilance in Worship, Public Places
Meanwhile, Governor Babagana Zulum has condemned, in strong terms, the suicide explosion at the Gomboru market mosque in Maiduguri metropolis Wednesday evening.
Governor Zulum, conveying his profound condolences from the frontline in northern Borno through his Special Adviser on Media, Dauda Iliya, called for increased vigilance and heightened security measures, particularly in places of worship during the festive period.
“I am deeply saddened by the Gamboru mosque suicide attack, which occurred on Wednesday evening when worshippers were performing Maghrib prayer, killing 5 people and injuring 35 others. The act is utterly condemnable, barbaric, and inhumane.
“Attacking a place of worship is a desecration of the sanctity of the mosque at a time when Muslim faithful are performing acts of worship.
“I wish to express my condolences to the families of all those that lost their lives in the attack and pray for the repose of their souls and for the speedy recovery of those injured,” he stated.
The governor further assured that adequate measures have been taken to forestall any security breach during the festive period and beyond.
IEDs have been a major challenge in the 16-year-old insurgency war, which has been fought by Nigeria in the Northeast theater of operation, Hadin Kai.
Meanwhile, residents went about their activities in peace hours after the gridlock was eased between customs and the international route leading to Gamboru Ngala and out of the country.
Gov. Zulum condemns Christmas Eve explosion in Borno
News
Christmas, New Year: Shaibu reaffirms commitment to professional, combat-ready Nigerian Army
Christmas, New Year: Shaibu reaffirms commitment to professional, combat-ready Nigerian Army
By: Zagazola Makama
As Nigerians join Christians around the world to celebrate Christmas 2025 and look ahead to the New Year 2026, the Chief of Army Staff (COAS), Lt.-Gen. Waidi Shaibu, has used the festive season to reaffirm the Nigerian Army’s resolve to remain a professional, adaptable and combat-ready force in the defence of the nation.
In a goodwill message to officers, soldiers, civilian staff and their families, Shaibu described Christmas as a season of reflection, renewal of faith and thanksgiving, noting that the values it represents love, sacrifice, compassion, peace and unity are also central to the ethos of the Nigerian Army.
According to him, the past year has been marked by significant challenges and notable achievements across various theatres of operation, where troops have continued to demonstrate resilience and professionalism in the face of evolving security threats.
“The Nigerian Army continues to demonstrate exceptional professionalism in all theatres of operation in the defence of our fatherland,” the army chief said, attributing these achievements to divine guidance and the commitment of personnel.
A major focus of the COAS’ message was the sacrifice of troops deployed in operational areas who, he noted, would be unable to celebrate the yuletide season with their families due to the demands of duty. He described their absence from home as a profound sacrifice that underscores their dedication to national service.
Shaibu assured personnel that his leadership would continue to prioritise professionalism, combat readiness and sound administration, with increased attention to welfare, recognition of excellence, and a transparent reward and sanction system.
He explained that these measures align with his command philosophy of advancing the transformation of the Nigerian Army into a force capable of decisively discharging its constitutional responsibilities within a joint and multi-agency environment.
Beyond the troops at the frontlines, the COAS paid glowing tribute to the families of officers and soldiers, describing them as the “unseen strength” behind the success of the army. He said the Nigerian Army remained committed to improving welfare programmes designed to support military families.
The message also illustrates the importance of collaboration, as Shaibu acknowledged the support of sister services, security and intelligence agencies, ministries and departments, as well as state governors, traditional rulers and host communities.
He said such cooperation and synergy remained critical to sustaining peace and security across the country.
Looking ahead to 2026, the army chief expressed optimism, pledging that the Nigerian Army would intensify efforts to address emerging threats, consolidate gains already achieved, strengthen intelligence capabilities and further boost morale and welfare.
He urged officers and soldiers to remain disciplined and security-conscious during the festive season, while upholding the highest standards of conduct.
Shaibu also used the occasion to honour fallen heroes, noting that their gallantry and sacrifice had contributed immensely to national security. He assured that the army would continue to support their families and preserve their legacy.
In the message, the COAS expressed profound gratitude to President Bola Tinubu, the Commander-in-Chief of the Armed Forces, for his unwavering support to the Nigerian Army.
He cited improved funding for critical operations, enhanced training infrastructure, acquisition of modern equipment, strengthened welfare initiatives and an increased recruitment quota as key outcomes of the president’s commitment to national security.
According to him, these interventions have significantly improved the army’s operational readiness and morale.
As the festive season unfolds, Shaibu wished all officers, soldiers, civilian staff and their families a Merry Christmas and a prosperous New Year 2026, expressing confidence that the Nigerian Army would enter the coming year more united, disciplined and resolute in the service of the nation.
Christmas, New Year: Shaibu reaffirms commitment to professional, combat-ready Nigerian Army
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