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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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African Students Clinch Top Honours as KDI School Graduates New Global Policy Leaders

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African Students Clinch Top Honours as KDI School Graduates New Global Policy Leaders

By: Michael Mike

African students were among the standout performers as the KDI School of Public Policy and Management held its 2025 Commencement Ceremony, reinforcing the institution’s growing role in shaping a new generation of global policy leaders committed to ethical governance and sustainable development.

The award recipients included Stephen Ojegbola from Nigeria, who earned the Academic Excellence Achievement Award in Intellectual Property and Development Policy.

Speaking at the ceremony in Sejong, the Dean of KDI School, Professor Joon-Kyung Kim, congratulated the graduating class on what he described as a hard-earned achievement, while urging them to prepare for greater responsibilities ahead.

“Today is a day to take pride in how far you have come. After hardship comes happiness, but beyond one mountain lies another mountain. You are now part of our global KDI community of over 73,000 alumni across 143 countries, and wherever you go, you belong to something bigger,” Prof. Kim said.

The Dean highlighted KDI School’s global standing, noting that it was the first institution in Korea to receive the Network of Schools of Public Policy, Affairs, and Administration (NASPAA) accreditation twice and that it has been recognised for the fifth consecutive year as an excellent institution by the Korean Ministry of Education.

He added that KDI ranked in the global 51+ tier for Social Policy and Administration in the 2025 QS World University Rankings by Subject and placed second worldwide in citations per paper.

He however stressed that the true measure of success lay beyond rankings and awards, insisting that: “More important than accolades is what you take with you—the skills to use data, the values to serve others and the commitment to improve the world around you,” describing Korea’s development experience as a roadmap to sustainable development for emerging economies.

In a keynote address, the Ambassador of Rwanda to the Republic of Korea, Bakuramutsa Nkubito Manzi, charged graduates to embrace collaboration in addressing complex global challenges.

He said: “The era of isolated policy-making is over. Climate change, global health security and rising inequality demand cooperation, empathy and intellectual humility. Your success in public service will not be measured by profit, but by impact.”

He added that KDI training had equipped graduates with the ability to analyse policy through the lens of public good and ethical governance, urging them to become “solution makers, not just problem identifiers,” inspired by Korea’s transformation known as the Miracle on the Han River.

Several other African students received academic awards for exceptional performance at the ceremony. Alinafe Yoyola of Malawi (Master of Development Policy), Alieu Ceesay of The Gambia (Master of Data Science for Public Policy and Management) and Mustapha Colley of The Gambia (Master of Public Policy) won the Academic Excellence Achievement Award, while Pamela Mwale of Malawi, a Master of Public Policy graduate, earned a place on the Dean’s List.

Also, Nander Esmeralda Ndam (Master in Intellectual Property and Development Policy) from Nigeria and Samson Garama Dadu (Master of Public Policy) from Kenya received awards for Student Community Service.

Reflecting on his experience, Ojegbola said he chose KDI School for its unique partnership with the World Intellectual Property Organisation (WIPO).

He said: “This programme links intellectual property directly to development policy. Everything here is intentionally designed to bring the best out of students, and the experience challenged me to grow beyond my expectations.”

Another graduate, Muyama Christine from Uganda, described her journey as demanding but transformative. “Policy works not when it assumes self-sufficiency, but when it recognises interdependence,” she said, adding that her time at KDI had shown her the power of community and shared purpose.

African Students Clinch Top Honours as KDI School Graduates New Global Policy Leaders

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Fleeing bandits’ drug supplier ‘Gamboli’ arrested in Niger

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Fleeing bandits’ drug supplier ‘Gamboli’ arrested in Niger

. As NDLEA Mother and Child over 1,187 kilogrammes skunk seizure in Ondo

By: Michael Mike

Three weeks after escaping arrest at his home in Anguwan Makera, Kuta, Shiroro local government area of Niger state, a notorious supplier of illicit drugs to bandits operating in the area, 33-year-old Mohammed Sani (alias Gamboli) has been arrested by operatives of the National Drug Law Enforcement Agency (NDLEA) at his hideout.

Spokesman of anti-narcotics agency, Femi Babafemi, in a press statement on Sunday said the arrest of Gamboli followed credible intelligence about his illicit drug activities. He said NDLEA operatives had on 20th November 2025 raided his house at Anguwan Makera, Kuta, where they recovered 471.8 kilogrammes of skunk, a strain of cannabis. Though he escaped arrest during the raid and has since been in hiding, the manhunt for him eventually paid off last Thursday when NDLEA officers acting on processed intelligence traced and arrested him at one of his drug joints in Anguwan Fadama, Kuta.

Babafemi said intelligence reports had indicated that Gamboli is a major supplier of illicit drugs to bandits operating in Shiroro local government area.

The spokesman said NDLEA officers in Abia last Thursday raided a clandestine codeine syrup-manufacturing factory at Amapu Igbengwo village, Umuakpara, in Osisioma local government area of the state. During the operation, operatives recovered a total of 9,015 bottles of codeine syrup weighing 1,152.2 kilogrammes.

In Enugu state, operatives last Thursday arrested Ossai Emeka, 45, along Onitsha – Enugu Ezike road with 7.2 kilogrammes skunk, while Enoje Agada, 40, was nabbed along Enugu-Ezike -Ette road with 94.6 kilogrammes of same psychoactive substance.

A raid carried out by NDLEA operatives at a notorious drug joint known as “Beere the California” at Ido in Oyo state last Thursday led to the seizure of 3.4 kilogrammes skunk, 1.6 kilogrammes Colorado, a synthetic cannabis and 400 grammes of methamphetamine. Babafemi said the owner of the drug joint identified as “Idowu the killer” is currently at large while a suspect Ajibade Faruk was nabbed at the joint.

Another operation at Idi Oro, Elekuro, Ibadan last Friday led to the arrest of Olusanya Abosede, 35, and the seizure of 238.4 kilogrammes skunk, while the duo of Bashiru Babalola, 43, and Ogunwale Ranti, 50, were arrested last Wednesday at Gbaji checkpoint, Seme road Badagry, Lagos with 50,000 pills of tramadol 250mg,

NDLEA operatives in Ogun state arrested two suspects: Akinwale Makanjuola and Joseph Owolabi with 73 kilogrammes skunk at Iperu just as another suspect Wasiu Lateef was nabbed with 25 kilogrammes of same substance at Oke Agbede, Imeko area of the state last Tuesday. In Ondo state, NDLEA officers acting on credible intelligence last Monday raided a compound in Ogbese, Akure North local government area, where they arrested a 55-year-old woman Veronica Obi and her 29-year-old son Bright Obi, and recovered 1,187 kilogrammes of skunk and its seeds from them.

A suspect Ohiomah Igbafe, 44, was arrested during a raid operation at Uroe community, Owan East local government area of Edo state, where 461 kilogrammes skunk and its seeds were recovered last Tuesday.

In Gombe state, a suspect Muhammed Sani (alias Sha-Mu-Sha), 50, was arrested with 40,000 capsules of tramadol at Tunfure area, Gombe, while two other suspects: Muhammad Abdullahi (a.k.a Sakalala), 52, and Muhammed Hamza (a.k.a Mamman), 32, were nabbed at Ashaka Jalingo, with 56 kilogrammes skunk last Monday.

Babafemi said no fewer than 907 pills of tramadol, tapentadol, cocodamol, amitriptyline and bromazepam concealed in containers of local black soap, and designer wears, in six different consignments going to the US, Canada and Sweden were intercepted and seized by NDLEA operatives at two major courier companies in Lagos between Tuesday and Wednesday, last week.

At the Apapa seaport in Lagos, NDLEA officers on Saturday intercepted a consignment of 170,000 bottles of codeine syrup weighing 23,579 kilogrammes during a joint examination of a container with men of Customs Service and other security agencies.

He said in like manner, commands and formations of the agency across the country continued their War Against Drug Abuse, WADA, sensitization activities to schools, worship centres, work places and communities among others in the past week.

Meanwhile, the Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (rtd), while commending the officers and men of DOGI, Niger, Abia, Oyo, Enugu, Seme, Ogun, Ondo, Gombe, Apapa and Edo commands for the arrests, seizures and their dexterity, enjoined them and their colleagues across the country to continue with the ongoing balanced approach to the drug control efforts of the agency.

Fleeing bandits’ drug supplier ‘Gamboli’ arrested in Niger

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NUJ Calls for Collaboration to Realize Affordable House for Journalists

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NUJ Calls for Collaboration to Realize Affordable House for Journalists

By: Michael Mike

The Nigeria Union of Journalists (NUJ), Federal Capital Territory (FCT) Congress
has renewed its call for stronger collaboration with government and housing finance institutions to improve access to decent housing for journalists, as stakeholders gathered for the 2025 Housing Industry End-of-Year Dinner and the 17th Africa Housing Awards in Abuja.

Speaking at the event, the NUJ FCT Chairman, Grace Ike praised the organisers for sustaining a platform that brings together policy makers, financiers, housing professionals and the media to address Nigeria’s housing challenges.

Ike, while giving special commendation to the Chief Executive Officer of Housing TV Show, Barrister Festus Adebayo, for his consistent advocacy for affordable housing and his support for journalism through media-focused housing conversations, asked for collaborations to get affordable houses for journalists practicing in Abuja

Ike, who acknowledged the presence of key government officials, including the Minister of Housing and Urban Development, the Minister of Finance, the Minister of Housing from Namibia, and the Managing Director of the Federal Mortgage Bank of Nigeria at the award ceremony, described the gathering as a rare convergence of decision-makers capable of translating policy into impact.

She noted that platforms such as Housing TV Show have amplified journalists’ voices on housing issues, while also helping to shape public understanding of affordable housing policies. She described journalists as partners in national development whose work helps strengthen transparency, accountability and social stability.

During the event, NUJ FCT Chairman announced the rebranding of the Union’s internal projects aimed at expanding housing advocacy, media empowerment and strategic partnerships. According to her, the rebranding is designed to position journalists for greater participation in housing initiatives and to attract collaboration from government agencies, financial institutions and private developers.

A major highlight of the address was a renewed appeal to the Minister of Housing and Urban Development to fulfil the promise of a Journalists’ Village, a proposed housing scheme aimed at providing journalists in the FCT with stable and affordable homes.

She said the project would not only improve journalists’ welfare but also strengthen ethical reporting and peace-building by giving media professionals greater personal security.

She expressed optimism that with the support of the Federal Mortgage Bank of Nigeria, the proposed housing project could become a reality by 2026.

She appealed to journalists to unite behind the initiative and work closely with policy makers and financiers to turn commitments into completed housing units.

The evening ended on a note of optimism, with speakers stressing that collaboration between government, the private sector and the media remains critical to addressing Nigeria’s housing needs and building a more inclusive future.

NUJ Calls for Collaboration to Realize Affordable House for Journalists

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