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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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Tinubu commissions Borno’s projects, says Zulum’s performance exceptional

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Tinubu commissions Borno’s projects, says Zulum’s performance exceptional

By: Michael Mike

President Bola Ahmed Tinubu on Saturday commissioned three newly constructed mega schools and a fleet of 620 fully electric vehicles and tricycles delivered by the governor of Borno State, Professor Babagana Umara Zulum.

During the commissioning ceremony, which was performed separately, President Tinubu commended Governor Zulum for his transformative leadership.

The president said: “I congratulate the Governor and the people of Borno State for this transformation. Government is all about people, and Professor Zulum is doing a very good job of caring for people.” 

The president highlighted the projects as tangible evidence of effective governance and a blueprint for holistic state development.

The commissioned schools include Mafoni Day Secondary School, Bola Ahmed Tinubu Government Day Secondary School and Mafoni Primary School.

They are part of Governor Zulum’s ambitious 104 Mega School Initiative designed to drastically improve access to quality education and rebuild the sector after over a decade of insurgency.

Each of the facilities is equipped with modern classrooms, laboratories, libraries, sports facilities and an administrative complex to create a conducive learning environment.

The president also commissioned the international terminal of the Muhammadu Buhari International Airport, Maiduguri, in preparation for the commencement of international operations.

Governor Zulum, in his response, expressed gratitude for the federal government’s support and reiterated his administration’s commitment to rebuilding Borno’s infrastructure, economy and human capital.

The event was attended by federal and state officials, traditional rulers and community leaders.

President Tinubu concluded his state visit by attending the wedding ceremony of former Borno State Governor Sheriff’s son, conducted at the Maiduguri Central Mosque.

Tinubu commissions Borno’s projects, says Zulum’s performance exceptional

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Between Imperialism and Military Rule: The Choiceless Political Reality in West Africa

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Between Imperialism and Military Rule: The Choiceless Political Reality in West Africa

By Chukwuemeka B. Eze and Jeggan Gray Johnson

West Africa stands today at a troubling crossroads where democratic aspirations collide with deep geopolitical tensions, failing institutions, and a new wave of military interventions- raising legitimate questions of the region’s democratic trajectory fifty years after its formation. Have we plateaued or plummeted into the age of the erosion of established normative procedures and democratic institutions, or is the regional experiment in a stage of reflection of deeper, ongoing challenges? Are citizens confronting systems that they perceive as imperial impositions and using whatever means available to them to resist? Or are they facing a crisis of democracy itself, a legitimacy crisis stemming from civil rule that often masks authoritarian tendencies? Why are military coups predominantly re-emerging in Francophone countries? Is this a coincidence, or does it reveal unresolved histories of external influence, entrenched political economies or distinctive patterns of state–society relations in these contexts? In whose name and under whose mandate do political elites continue to hold power? Why are we so quick to dismiss the military as being outside of the political system when, in fact, it is an institution shaped by the same social, economic and political dynamics as the rest of society? To what extent does our discourse artificially separate civilians from soldiers, rather than examining the broader governance ecosystem that produces both?

Citizens increasingly find themselves trapped between three unappealing forces—the entrenched culture of ‘electoral despotism’, external imperial influence and internal military domination. The trilateral dilemma has produced a disturbing condition: a choiceless choice, where none of the options seem incapable of delivering stability, dignity, peace and security or even genuine sovereignty.

The Long Shadow of Imperialism: More than six decades after independence, imperial legacies remain deeply embedded in West Africa’s political and economic structures. Former colonial powers continue to exert influence through aid conditionalities, control of extractive industries, military cooperation agreements, and political alliances that safeguard their strategic interests. In countries like Mali, Niger, Burkina Faso and Benin, resentment toward external interference; particularly from France has grown into a widespread political sentiment.

Economic dependence, currency constraints (such as the CFA franc), and foreign troops stationed on African soil reinforce the perception that the region’s sovereignty remains compromised. This has created fertile ground for anti-imperialist rhetoric, often championed by populist actors and military juntas who exploit these grievances to gain legitimacy.

The Return of Soldiers to Politics: The last decade has seen a resurgence of military takeovers in the region. Coups in Mali, Guinea, Burkina Faso, Niger, representing a largest coup belt in the world, and recently attempted interventions in Benin- a socio-political enigma and Guinea Bissau- the region’s narco-state, reflect a collapse of public trust in democratic systems perceived as kleptocratic, ineffective, and elite-controlled. Many West Africans, frustrated by insecurity, poverty, and government failure, initially welcomed soldiers as “corrective forces.” But military rule often replaces one form of authoritarianism with another and characterised by restricted freedoms, politicized security apparatus, uncertain transition timelines, limited economic vision and opportunity, heavy reliance on foreign military partners (Russia, Turkey, Gulf states) and debt, overshadowed by a youth bulge threatening to burst at the seams. e. Thus, the promise of liberation from imperialism frequently gives way to new dependencies and domestic authoritarianism, and ultimately, policy incoherence, confusion and instability.

The Choiceless Choice: The tragedy is that citizens are forced to choose between very difficult and perhaps inferior alternatives: Imperialism, which undermines sovereignty and reinforces structural inequalities, the electoral despotism- where power remains concentrated within a cabal or small host of elites, and Military rule, which suspends constitutional order and democratic rights. All option addresses the core issues driving instability: weak governance, unemployment, fractured national identities, extremist threats, and the absence of economic diversification. In this vacuum, West Africans face a situation where every available choice feels imposed, not freely made.

The Geopolitical Chessboard: Part of the crisis stems from the region’s growing importance in global geopolitics. West Africa has become a stage for competition among major powers: France and the EU seek to preserve influence, The United States prioritizes counterterrorism, Russia positions itself as an anti-West alternative, China expands via infrastructure loans, and the eventual confiscation of strategic minerals anchored in the blue and green economies, Gulf states and Turkey enter with economic and military interests and the list continues to expand. These competing agendas pull governments in different directions, leaving citizens with little say over the region’s strategic direction.
The Decline of Democratic Credibility: Democracy in West Africa is in crisis not merely because of coups, but because a leadership pandemic. The region has a critical and morally bankrupt leadership. of Manipulated constitutions, electoral fraud, corruption scandals, and impunity have hollowed out institutions. When democratic governments fail to deliver development or justice, the military’s rhetoric of “rescue missions” becomes appealing. Yet these interventions ultimately produce another cycle of disillusionment.

What Real Sovereignty Requires: Breaking this cycle demands a new political imagination—one rooted in African agency, not external dictates or military paternalism. A pathway to genuine sovereignty includes: Strengthening democratic institutions beyond elections, economic independence, especially through value-added industries, regional security cooperation less reliant on external forces, civic education and accountability systems, that are citizenry driven, that restore public trust, as well as a pan-African political consciousness capable of resisting both imperial pressure and internal authoritarianism. The future depends on reclaiming democracy as a tool of liberation, not a façade for elite capture.

Conclusion: West Africa’s tragedy is not that it lacks alternatives, but that the region’s political trajectory has become trapped between two dominant and deeply flawed forces. Imperialism continues to shape its geopolitics and economy, while military rulers exploit public frustration to consolidate power. Together, they create a choiceless political reality where citizens struggle to find a path that protects both sovereignty and freedom. Yet within this crisis lies an opportunity: the chance to articulate a new political vision grounded in bold leadership, accountable governance, and regional solidarity. Reimagining democracy means going beyond periodic elections. It means nurturing institutions that are stronger than individuals and ensuring that power remains accountable to the people. It means prioritizing people’s power over that of statesmen, strengthening judicial independence, fortifying the institutions meant to protect democracy and ensuring that the exercise of power after elections truly serves citizens. Only then can West Africans move beyond the suffocating binary of imperialism and soldiers—and reclaim the right to choose their own future.

Chukwuemeka B. Eze is the Director for Democratic Futures in Africa and Jeggan Grey Johnson, Advocacy Advisor at the Open Society Foundations

Between Imperialism and Military Rule: The Choiceless Political Reality in West Africa

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New drug test policy for schools will cut down substance abuse among youth – Marwa

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New drug test policy for schools will cut down substance abuse among youth – Marwa

By: Michael Mike

Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency (NDLEA) Brig. Gen. Buba Marwa (rtd) has said that the newly launched drug test policy for schools in Nigeria will discourage illicit substances abuse by young Nigerians especially those aspiring for higher education.

Marwa stated this weekend when he received the Vice Chancellor of the Taraba State University, Professor Sunday Bako who led a team of his management staff to seek partnership with the anti-narcotics agency on the fight against substance abuse and illicit drug trafficking.

The NDLEA boss, said: “We’re glad to work and partner with you, your university and the Taraba state government on this matter and it’s a good thing that what you’re doing aligns with the new national policy for tertiary institutions that includes compulsory and random drug integrity tests for students. This initiative is a joint effort between the Federal Ministry of Education and the National Drug Law Enforcement Agency (NDLEA) to combat substance abuse among young people in schools across the country.

“At the NDLEA, we have been pushing for this and we’re happy we have a dependable partner in the Minister of Education and members of his team who worked with us and supported us on this. This is not in anyway punitive but a strategic push that will largely discourage our youths from going into substance abuse because they know at every stage of their education, they will face compulsory drug test.

“We are fully prepared to work with all schools to ensure the success of this great initiative that will make positive impact on youth development, security and national productivity in line with the renewed hope agenda of President Bola Tinubu.”

He commended the VC for leading the pack by establishing a full Directorate of Narcotics and Drug Abuse Prohibition in the institution, with a promise to support his efforts through capacity building training and other areas of collaboration.

In his remarks, Bako commended the Marwa leadership of NDLEA for its professionalism, openness and collaborative spirit, which has earned the agency both national and international accolades.

He said: @We are particularly pleased to visit at a time when your excellent and unwavering commitment in the fight against drugs and illicit substances abuse/trafficking earns you another five years of tenure renewal. Your relentless efforts in combatting substance abuse have contributed significantly to protecting our youths and preserving the future of our nation.”

He noted that his visit was borne out of his concern about the challenge of drug and substance abuse among young people, which poses serious threat to academic excellence, moral values, and national development.

The VC said: “This visit seeks to strengthen the relationship between Taraba State University, Jalingo and the National Drug law Enforcement Agency which started way back since 22nd August, 2024 during the inauguration of the Directorate of Narcotics and Drug Abuse Prohibition and the launch of WADA by the NDLEA Taraba state command, as well as the TSU Drug Free Club patrons/officials.

“We firmly believe that effective drug control and prevention require a multi-sectoral approach involving law enforcement agencies, academic institutions, and the wider society.

In this regard, Taraba State University is eager to partner with your agency in areas such as collaborative research on drug abuse and substance use disorder, policy-oriented studies, public enlightenment and sensitization programmes, capacity building training, student internship opportunities, and community outreach initiatives within Taraba state and beyond. Partnership with the NDLEA will further strengthen our institutional policies and programmes in this critical area.”

New drug test policy for schools will cut down substance abuse among youth – Marwa

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