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
NHRC Honours Ford Foundation for Sustained Support to Human Rights in Nigeria
NHRC Honours Ford Foundation for Sustained Support to Human Rights in Nigeria
By: Michael Mike
The National Human Rights Commission (NHRC) has honoured the Ford Foundation for its sustained contributions to advancing human rights in Nigeria, reinforcing a partnership that has played a critical role in strengthening access to justice and institutional capacity.
At a ceremony held Friday at the Commission’s headquarters in Abuja, the NHRC presented an Award of Appreciation to the Foundation in recognition of its longstanding support.
The award was received by the Foundation’s Regional Director for West Africa, ChiChi Aniagolu-Okoye, during a high-level engagement with directors and senior officials of the Commission.
Speaking at the event, the Executive Secretary of the NHRC, Dr. Tony Ojukwu commended the Ford Foundation’s consistent backing, particularly in initiatives aimed at expanding access to justice and strengthening the Commission’s operational capacity.
He stressed that given the breadth and complexity of human rights challenges in Nigeria, the Commission cannot function in isolation.
According to him, sustained collaboration with development partners remains essential to transforming human rights protection from policy intentions into tangible outcomes for citizens.
In her remarks, Aniagolu-Okoye described the recognition as both significant and encouraging, reaffirming the Foundation’s commitment to promoting human rights. She noted that a key focus of the Foundation’s work is ensuring that citizens are not only aware of their rights but are also supported in seeking justice when those rights are violated.
She, however, emphasized that awareness alone is insufficient without strong and effective enforcement systems. Gaps between knowledge of rights and actual access to justice, she said, can weaken public trust and diminish the impact of human rights initiatives.
“Trust in institutions grows when people experience fairness and accessibility in justice delivery,” she noted, adding that strengthening such systems is critical for sustainable human rights protection.
The engagement also underscored the importance of continued cooperation between the Commission and its partners in addressing evolving human rights challenges across the country.
In a vote of thanks, Senior Human Rights Adviser to the Commission, Hilary Ogbonna, expressed appreciation for the Ford Foundation’s enduring partnership. He highlighted key institutional advancements, including initiatives such as the MOVE project and the Commission’s dashboard system, noting that many of these efforts benefitted from the Foundation’s early support.
Ogbonna also commended the leadership of the Executive Secretary and the dedication of the Commission’s directors, whose commitment, he said, has sustained progress despite operational constraints.
He further acknowledged the role of the media as a vital partner in the human rights ecosystem, describing the press as the “fourth estate” that amplifies, documents, and brings critical human rights issues to public attention.
The event reaffirmed the shared commitment of the NHRC and its partners to strengthening justice delivery systems and enhancing the protection of human rights in Nigeria.
NHRC Honours Ford Foundation for Sustained Support to Human Rights in Nigeria
News
Borno APC Stakeholders Endorse Tinubu, Shettima for 2027, Signal Early Political Realignment
Borno APC Stakeholders Endorse Tinubu, Shettima for 2027, Signal Early Political Realignment
By: Michael Mike
In a move that underscores early political positioning ahead of Nigeria’s next general elections, key stakeholders of the All Progressives Congress (APC) in Borno State have formally endorsed President Bola Ahmed Tinubu and Vice President Kashim Shettima for a second term in 2027.
The endorsement, announced during a high-level gathering at the Government House Multipurpose Hall in Maiduguri on Saturday, signals a consolidation of political support in one of the APC’s strongest northern bases. Party leaders, government officials, and influential grassroots mobilizers unanimously pledged to rally voters across the state to ensure the continuity of the Tinubu administration.
Addressing the stakeholders, Borno State Governor Babagana Umara Zulum described the endorsement as both a vote of confidence in the current administration and a strategic commitment to sustaining ongoing reforms. He emphasized that the Tinubu-Shettima leadership had demonstrated resolve in tackling Nigeria’s complex security and economic challenges.
According to Zulum, Borno State—long at the epicenter of insurgency—has witnessed renewed federal attention in security coordination, humanitarian interventions, and reconstruction efforts. He noted that continuity in leadership would be critical to consolidating these gains, particularly in the North-East where recovery from years of conflict remains fragile.
“The support for President Tinubu and Vice President Shettima is rooted in performance and trust,” Zulum said. “Borno has seen firsthand the impact of leadership that understands our realities and is committed to long-term stability.”
Borno’s Strategic Role in APC Politics
Borno State holds significant political weight within the APC, not only as a consistent electoral stronghold but also as the political base of Vice President Shettima, a former governor of the state. Since the party’s formation in 2013 and its landmark victory in the 2015 elections, Borno has remained central to APC’s dominance in the North-East.
The state’s political influence is further amplified by its frontline status in Nigeria’s fight against insurgency. Years of conflict involving Boko Haram and ISWAP insurgents have shaped national security policies and elevated Borno’s importance in federal decision-making. As a result, endorsements from the state often carry symbolic and strategic significance for national campaigns.
Political analysts view the early endorsement as part of a broader effort by APC stakeholders to stabilize internal party structures and project unity well ahead of the 2027 elections. It also reflects a growing trend of pre-election alignments aimed at discouraging intra-party rivalries and consolidating incumbency advantages.
Momentum Builds Toward 2027
Saturday’s declaration comes amid ongoing national debates over economic reforms, security challenges, and governance priorities under the Tinubu administration. While opposition parties are expected to intensify criticism in the coming years, the APC appears to be laying the groundwork for a coordinated re-election campaign.
Stakeholders at the Maiduguri meeting pledged to embark on extensive grassroots mobilization, voter engagement, and party strengthening initiatives across all local government areas in Borno. They also called on other APC-controlled states to replicate similar endorsements to build a nationwide consensus.
As Nigeria moves deeper into its current electoral cycle, the Borno endorsement highlights how regional political blocs are already shaping the contours of the 2027 race—long before official campaigns begin.
Borno APC Stakeholders Endorse Tinubu, Shettima for 2027, Signal Early Political Realignment
News
Southern Borno Youths Rally Behind Ndume with N38.5m War Chest for 2027 Senate Bid
Southern Borno Youths Rally Behind Ndume with N38.5m War Chest for 2027 Senate Bid
By: Michael Mike
In a powerful demonstration of political loyalty and grassroots mobilisation, thousands of youths from Southern Borno Senatorial District on Saturday pooled N38.5 million to back the fifth-term ambition of Muhammadu Ali Ndume ahead of the 2027 general elections.
The fundraising event, held at Forshams Hall in Maiduguri, attracted more than 2,000 participants drawn from all nine local government areas of the district. The contributors, largely youth groups and community associations, said their financial commitment was a deliberate move to retain what they described as a “fearless and people-driven legislator” in the Senate.
Leading the initiative, youth coordinator Alhaji Babandi Shehu said the intervention was not merely symbolic but a calculated political statement at a time when, according to him, Nigeria needs courageous voices in governance.
“Senator Ndume has distinguished himself as one of the few leaders who consistently speaks truth to power,” Shehu declared. “This is not just about funding forms; it is about safeguarding representation that prioritises the people and holds the executive accountable.”
The atmosphere at the venue reflected a rare level of political consensus, with chants of solidarity and pledges of continued support echoing throughout the gathering. Participants insisted that Ndume’s track record in both legislation and constituency development justifies their early and collective endorsement.
Reinforcing this position, Ndume’s Senior Legislative Aide, Junaid Jibril Maiva, outlined what he described as a legacy of impactful service spanning over a decade. He noted that the senator has sponsored more than 70 bills focused on national development while also facilitating landmark federal institutions in Southern Borno and the wider North-East.
Among these, he listed the Nigerian Army University, Biu, the North East Development Commission, and the Federal College of Education, Gwoza, as well as ongoing efforts to establish a Federal Medical Centre in Kwaya-Kusar and a Federal College of Agriculture in Shani.
Maiva further highlighted Ndume’s role in humanitarian interventions, particularly in communities devastated by insurgency. “Beyond legislation, he has directly supported resettlement efforts, including the construction of 200 housing units in Gwoza and 80 in Damboa for displaced families,” he said.
A breakdown of the funds raised showed a broad-based contribution pattern across the district. Biu, Kwaya-Kusar, Hawul, Bayo, and Shani collectively donated N8 million, Askira-Uba contributed N5 million, while Damboa added N2 million. Additional support came from trade and transport groups, including the Nigeria Union of Road Transport Workers and the Baga Road Timber Sellers Association, each donating N1 million.
Political observers say the scale and timing of the mobilisation point to a well-entrenched support base and a strategic effort to secure early momentum ahead of the 2027 race. The move also reflects a broader trend of pre-election alignment within the All Progressives Congress, as key actors position themselves for what is expected to be a highly competitive electoral cycle.
A Career Shaped by Advocacy and Controversy
Since his election to the Senate in 2011, Ndume has remained one of the most outspoken members of the National Assembly of Nigeria. Representing a region at the heart of Nigeria’s insurgency crisis, he has consistently pushed for stronger federal intervention in security, reconstruction, and humanitarian response.
His tenure has been marked by a willingness to challenge authority—even within his own party—earning him both admiration and criticism. Supporters view him as a principled advocate for accountability, while critics argue that his confrontational style sometimes stirs political tension.
Nonetheless, Saturday’s event suggests that within Southern Borno, his influence remains firmly intact.
Early Signals for 2027
With the 2027 elections still over a year away, the fundraising initiative underscores how political structures are already taking shape across Nigeria. For Ndume’s supporters, the message is clear: continuity, experience, and assertive representation are non-negotiable.
As the crowd dispersed in Maiduguri, one sentiment stood out—this was more than a fundraiser. It was an early declaration of intent, a grassroots-powered endorsement that could set the tone for the political battles ahead.
Southern Borno Youths Rally Behind Ndume with N38.5m War Chest for 2027 Senate Bid
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