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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
VP Shettima To Public Servants: Remain Selfless To Sustain Enduring Legacies In Service
VP Shettima To Public Servants: Remain Selfless To Sustain Enduring Legacies In Service
Extols Hadiza Usman’s contributions to public service, nation building at 50th birthday colloquium
By: Our Reporter
The Vice President, Senator Kashim Shettima, has charged public servants in Nigeria to imbibe the virtues of selflessness and excellence, marked by a commitment to daily discipline, consistency of effort and strength of character.
According to him, enduring legacies in public service are the ones sustained by a consistent dedication to excellence, resilience and hard work regardless of the challenges of building enduring institutions.

Senator Shettima spoke in Abuja on Tuesday during a colloquium organised to commemorate the 50th birthday of Hajiya Hadiza Bala Usman, Special Adviser to the President on Policy and Coordination and Head, Central Delivery Coordination Unit.
“If we are to raise more generations of Nigerians ready to lead with purpose, to deliver with excellence, and to serve with courage, we must remember this truth: intention without the willingness to pay the price of service remains wishful thinking,” he stated.
Eulogizing the celebrant’s distinguished and unique public service career, the Vice President described Hadiza Bala Usman as a mirror not only for the northern Nigerian girl, but for the nation itself.
He said, “There is no doubt that Usman’s place in our public service history is secure. This is so because it was not built on spectacle, nor did it rely on applause. What she has become was a product of decisions taken quietly, responsibilities carried fully, and institutions strengthened with care.”
VP Shettima said Hadiza Bala Usman earned her influence in Nigeria’s public service, continually shaping the country’s national direction through “a rare combination of gifts: grace, strengthened by grit; clarity, guided by courage, vision and excellence.”

He continued: “What has not been noted enough about our celebrant is that she is emerging from a part of our country where many young women still search for proof that ambition such as hers is permitted.
“Indeed, her journey required courage, and that is why she has become that proof. Its trials were visible. Its demands were exacting. Its rewards were earned. Nigeria watched her grow into responsibility early, stepping into critical policy spaces when many are still finding their voice.”
Maintaining that Usman’s achievements were never accidental, Senator Shettima noted that the celebrant’s rise in public service was deliberate, earned and sustained by a faithful commitment to the difficult work of building a functional nation.
“May your example continue to guide those who still believe that service, when done well, can ennoble a nation,” the VP added.
Earlier, Secretary to Government of the Federation, Senator George Akume, said Usman’s life remains a shining example of discipline.
He urged the celebrant to remain steadfast in advancing the Renewed Hope Agenda of President Bola Tinubu, expressing optimism that her years ahead will be marked by continuous, impactful service to Nigeria.

For his part, Chief of Staff to the President, Hon. Femi Gbajabiamila, explained that the gathering was aimed at honouring a life defined by purpose, courage, and an unwavering commitment to service and value addition to the Tinubu administration.
Gbajabiamila noted that when Usman transitioned fully into government at the state and national levels, she introduced structure to governance and clarity in priorities.
He recalled how the presidential aide eventually enforced reforms in one of Nigeria’s most strategic and complex agencies, the Nigerian Ports Authority (NPA), thereby raising the standard of leadership and service within the agency.
Also, the Minister for Youth Development, Ayodele Olawande, recognised Usman’s service and commitment to public institutions in Nigeria, particularly the Ministry of Youth Development.
He noted that her relevance in public service has resulted in her supportive roles in many initiatives aimed at benefiting youths across the country.
The Director General of the National Emergency Management Agency (NEMA), Zubaida Umar Abubakar, described Usman as a friend of over three decades.
According to her, the celebrant exemplifies an overwhelming commitment to principles, matched with quiet clarity and conviction, both in private and public life.
Speaking on “Leadership Delivery and the Courage to Serve,” the keynote speaker at the colloquium, a former Director General of the Bureau of Public Service Reforms, Dr Joe Abah, said serving Nigeria at a senior level is a privilege only a few would attain, entailing that those who occupy such roles must positively impact the lives of the citizenry.
Highlighting a number of leadership lessons practically expressed through Usman’s life, he said, “Your work no longer speaks for you,” adding that one must now speak for their work due to the emergence of fake news and critics.
He noted that leading people remains difficult, and that leaders may not see the impact of their actions in government until they leave office.
On her part, the celebrant, Hadiza, said she was humbled by the personalities who graced the colloquium, just as she thanked President Tinubu, Vice President Shettima, and others for contributing to her political career and personal life.
She recalled her roles in election planning since 2015 and at the NPA, and used the opportunity to recommit herself to the Renewed Hope Agenda for the betterment of Nigeria.
VP Shettima To Public Servants: Remain Selfless To Sustain Enduring Legacies In Service
News
Global Peace Development Launches Five-Year Strategic Plan, Targets Peacebuilding, Governance, and Social Justice
Global Peace Development Launches Five-Year Strategic Plan, Targets Peacebuilding, Governance, and Social Justice
By: Michael Mike
Global Peace Development (GPD) has unveiled its Five-Year Strategic Plan (2026–2030), outlining an expanded vision to strengthen peacebuilding, inclusive governance, and sustainable development across Nigeria and beyond.
The plan was officially launched in Abuja on Tuesday at a well-attended event that brought together civil society leaders, development partners, and government representatives, including the Institute for Peace and Conflict Resolution (IPCR).
Delivering a goodwill message on behalf of the Director-General of IPCR, Dr. Joseph Ochogwu, the institute commended GPD for its long-standing contributions to peacebuilding, gender equality, child protection, and inclusive governance.
Ochogwu, who was represented by Dr. Mang Chaimang, a director in the Institute, described the strategic plan as a timely and well-articulated roadmap that reflects over two decades of practical experience in addressing peace and development challenges in Nigeria.
Ochogwu noted that civil society organisations such as GPD play a critical role in complementing government efforts, particularly in fragile and conflict-affected regions. He added that the new strategic plan provides a strong framework for collaboration among government institutions, development partners, and civil society actors working towards sustainable peace.
Speaking in an interview after the launch, the Board Chairman of GPD, Chief Ejiro Oghenebrume, said the five-year plan represents more than a policy document, describing it as a renewed commitment to justice, good governance, and sustainable peace.
According to him, the organisation is repositioning itself to expand its scope from local interventions to a broader global outlook. He emphasized that peacebuilding is a continuous process and urged stakeholders not to relent in their efforts, warning that unresolved ethnic, religious, and political tensions could undermine national stability if not properly addressed.
Oghenebrume also advised that ethnicity and religion should not be allowed to define access to opportunities, calling for policy reforms that promote inclusion based on residency rather than origin. He stressed that peace cannot be sustained without constant engagement, education, and vigilance.
On the organisation’s priorities, the GPD chairman disclosed that women and young people remain central to the strategic plan, noting that peace at the community level begins with stable families and empowered children. He revealed that the organisation anticipates a budget of about ₦1.8 billion for 2026 to support phased implementation of the plan.
Also speaking, the Executive Director of GPD, Mr. Ebruke Esike, explained that the new strategic plan expands the organisation’s focus from five to eight thematic pillars. These include peace and conflict resolution, gender justice, democracy and governance, environment and climate change, water, sanitation and hygiene, livelihood development, education, and the protection of women and children from gender-based violence.
Esike said the plan is designed to improve security and social cohesion through non-kinetic approaches such as community dialogue, education, economic empowerment, and legal advocacy. He disclosed that the organisation projects a ₦1.2 billion operational budget for 2026, which will be sourced largely through competitive grants and partnerships.
According to him, GPD currently operates across several states in the South-South, South-East, North-Central, and North-West regions, with plans to expand to the North-East and South-West. He noted that the organisation has been involved in conflict mediation between farmers and herders, women-led peace platforms, environmental sustainability initiatives, and civic education programmes.
Esike acknowledged challenges such as insecurity, poverty, and low literacy levels but said GPD continues to work closely with government authorities, security agencies, and local peace institutions to ensure effective and safe programme delivery.
The launch ended with renewed commitments from stakeholders to strengthen partnerships aimed at promoting peace, social justice, and sustainable development in Nigeria.
Global Peace Development Launches Five-Year Strategic Plan, Targets Peacebuilding, Governance, and Social Justice
News
AFRICOM Delegation Reaffirms Support for NDLEA in Fight Against Drug Trafficking
AFRICOM Delegation Reaffirms Support for NDLEA in Fight Against Drug Trafficking
By: Michael Mike
A high-level delegation from the United States Africa Command (AFRICOM) has assured the National Drug Law Enforcement Agency (NDLEA) of stronger cooperation and continued technical support as efforts intensify to curb illicit drug trafficking in Nigeria and the wider region.
The delegation met on Tuesday with the Chairman and Chief Executive Officer of NDLEA, Brigadier General Buba Marwa (Rtd), where both sides discussed the progress of existing partnerships and future areas of collaboration.

Leading the delegation, Philip Esch, who serves as the United States Drug Enforcement Administration (DEA) liaison to AFRICOM, described the working relationship with NDLEA as critical to international security.
He commended the agency’s leadership and professionalism, noting that NDLEA’s operations in Nigeria have far-reaching implications beyond the country’s borders.
Members of the delegation also praised NDLEA for the effective use and maintenance of equipment previously supplied by the United States government, a development they said demonstrates accountability and commitment to the shared anti-drug agenda. They disclosed that additional projects and training programmes are being planned to further strengthen the agency’s capacity.
In his remarks, Marwa expressed gratitude for the visit and acknowledged AFRICOM’s sustained support, which he said has contributed significantly to recent successes recorded by the agency.
He stressed that drug trafficking remains closely linked to other security challenges, including terrorism and organized crime.

The NDLEA boss called for expanded assistance in key operational areas such as airport screening technology, forensic laboratories, digital investigation tools, portable drug detection devices and the deployment of trained sniffer dogs.
The meeting concluded with a mutual commitment to deepen cooperation aimed at disrupting drug networks, enhancing law enforcement capacity and promoting regional and global security.
AFRICOM Delegation Reaffirms Support for NDLEA in Fight Against Drug Trafficking
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