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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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Army trolls in Adamawa arrest major drug supplier to terrorists

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Army trolls in Adamawa arrest major drug supplier to terrorists

By: Zagazola Makama

Troops of Operation Hadin Kai (OPHK) have arrested a suspected major drug supplier to Boko Haram and ISWAP terrorists operating across parts of Borno and Adamawa.

The suspect, identified as Zubairu Muhammad, 45, was arrested at about 6:30 a.m. on Tuesday by troops of 232 Battalion (Tactical), Uba, Adamawa State.

Sources told Zagazola Makama that Muhammad is believed to be one of the major suppliers of cannabis sativa and crystal meth (popularly known as ICE) to terrorists through the Askira-Uba, Chibok, Michika and Damboa corridors.

According to the source, the troops recovered 14 blocks of cannabis sativa valued at over N1 million, and 43 grams of ICE, valued at more than N3 million, from the suspect.

He was also found with two Army camouflage T-shirts, which he allegedly used while delivering illicit substances to terrorists.

The source said preliminary investigation had been concluded, and that the exhibits would be handed over to the National Drug Law Enforcement Agency (NDLEA), Yola Command, for further action.

Army trolls in Adamawa arrest major drug supplier to terrorists

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Stop rascally behavior and reckless driving on maiduguri roads…Gubio warns keke napep riders

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Usmam Muhammed, sector commander, Borno state

Stop rascally behavior and reckless driving on maiduguri roads…Gubio warns keke napep riders

By: Bodunrin kayode

Chairman Borno State Civil Service Commission Dr Bulama Gubio has called on young people in the state to reduce their irresponsible actions with keke NAPEP during weddings and related ceremonies which makes them over excited and drive recklessly in the streets of maiduguri.

Dr Gubio is miffed about the excesses of the younger generation mostly keke napep drivers who use the tricycle as an excitement toy driving with reckless abandon sometimes killing themselves in the process without fear of reprimand.

Gubio who is a member of the Borno state traditional council and secretary of the elders forum in the state called on the federal Road Safety Corp (FRSC) to work on the annoying excesses of the Keke napep riders who have caused a lot of trouble for commuters in the state capital adding that they operate with a lot of impunity which is not found in the pattern of the government drivers whom he said were better behaved.

Dr Gubio asked the FRSC to increase the enlightenment of even the resident commuters on the use of the commercial keke riders even as they entrust their lives into the hands of the the reckless riders among them because some of them are definitely on induced substances before they come into the roads breaking traffic and driving very roughly even contesting the major roads with bigger cars and sometimes killer trailers.

Dr Gubio actually made these remarks during the 2025 special marshals sectoral workshop, RS12.2 of the Borno state command held this week at the Elkanemi Hall of the State owned Ramat Polytechnic in Maiduguri.

Also admonishing the gathering on the use of Borno roads, Sector Commander of the FRSC Usman Mohammed condemned the behavior of some of the keke napep riders in the state capital describing them as down right recalcitrant elements.

He regretted that in their obstinate posture towards any form of control, a lot of them have fallen under the hammer of stiff fines sometimes as high as N50,000 for offenses yet they continue to repeat the same charges even when driving passengers.

Mohammed told this reporter that with the increased security in the state capital, his team will continue to do their lawful best to reduce the unnecessary carnage on the major roads of the Maiduguri metropolis and even the adjoining highways to the zones.

He decried the lingering excesses of the Keke napep riders within the Maiduguri metropolis adding that most of them are just stubborn and would not take instant correction which is why he sometimes had to stop traffic himself, arrest erring ones and give them on the spot education and correction for their offenses.

The Sector Commander said that because of their high number in terms of population, his men are on high alert with other collaborating agencies to stem the tide of these numerous excesses of these riders with a view to reduce same to the barest minimum.

On the alleged sluggishness of the union leaders to control their erring members, he maintained that they have been doing their best because some of them even boy-cut registration to avoid being caught making it an endless litany of woes coupled with the burden of facing another new set of wrong doers mobilizing into the highways each new day which is really tedious.

He added that it was not true that the excesses of the riders was due to the unenlightened nature of the leaders as posited by road watchers adding that the leaders are enlightened, but its just that the riders are recalcitrant by the way they go about driving their tricycles recklessly in the town.

“Since we cant get all of them at the same time, what we do is to stop four or five of them at the same time. I have stopped many in that pattern to talk to them and they listen to my lectures on their wrong doings and some do repent.

“Without mincing words, just recently, we arrested over seven of them because of unnecessary over loading etc. We have brought out a time schedule to make them fall in line to see how we can correct some of these excesses. So we are doing a lot to sort out these challenges.

” As a matter of fact, some of their union officials have come to commend us that they are very happy with the way we are going about handling the recalcitrant ones among them.

On enlightenment of the officials,” you see they are home based, they have limits with which they can handle these keke napep members who are committing all these offenses on our roads, however, we have been having enlightenment campaigns on these riders and we do hope to get there one day.

Speaking during the opening ceremony of the workshop, the State Coordinator, special marshal RS12.2 Borno sector command, Mohammed Dahaya commended road users in the society for gracing the 2025 Special Marshals bi-annual Sectoral Workshop adding that their presence, despite the economic and security challenges coupled with their regular tight schedule is a testimony of their love for the FRSC as well as their commitment to safety of lives and properties on our roads.


He said that the Special Marshals were a group of Volunteers, established under section 10(1) of the FRSC statute, as defined in the FRSC establishment Act 2007 adding that the roles and constitutional responsibilities of Special Marshals include Advocacy and support, Patrol Operations, Enforcement and Education in all ramifications of human activities without any pecuniary interest, meaning they are not paid for the services rendered to the society.


‎Special Marshals he noted believe that the beauty of life doesn’t depend only on how happy you are but how happy you make others which is why, the most impactful thing to do in life is to help someone in need stressing that the worth of life is not in its duration but in its donations to humanity.

‎”we still need the support of all, morally and financially to be able to achieve our desired goals and objectives for efficient and effective services to humanity.
‎Your labour of love will not be in vain.” He concluded.


‎Present at the occasion were several dignitaries including the representatives of the Ministry of Transport And Energy, Aliyu Buba, The General manager, Borno Express Transport Corporation, Grema Kyari, The Vice Chancellor Kashim Ibrahim University, Prof. Babagana Gutti, Special Marshal Engr. Shettima Abdullahi and The Chairmen NARTO Borno State Council Jidda Bishara.

Stop rascally behavior and reckless driving on maiduguri roads…Gubio warns keke napep riders

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FCT Designated for Implementation of NESREA / UNEP Innovative Waste Management Pilot Project

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FCT Designated for Implementation of NESREA / UNEP Innovative Waste Management Pilot Project

By: Michael Mike

The National Environmental Standards and Regulations Enforcement Agency (NESREA) with the support of the United Nations Environment Programme (UNEP) has began the process of reforming the waste management system in the country.

Also, the Federal Capital Territory, FCT has been designated as the pilot state for the implementation of the reforms.

In order to put the necessary frameworks in place to achieve this, the agency hosted two separate two-day consultative workshops with relevant stakeholders.

The first workshop aimed to consolidate report on recommendations for Legislative and Institutional Reforms in the Waste Management Sector in Nigeria, whilst the second workshop looked at the specific measures on the better inclusion of informal structures and workers in the reforms.

The workshops are part of the UNDA-funded Project on Environmentally Sound and Safe Waste Management Frameworks in Africa, being implemented by UNEP in collaboration with other UN agencies across three African countries Guinea-Bissau, Nigeria, and Sierra Leone.

Director General of NESREA, Prof. Innocent Barikor in his remarks described the project as timely, coming at a time when Nigeria is implementing the circular economy with a view to promoting resource efficiency and the creation of green jobs.

He disclosed that under the project, the Federal Capital Territory, FCT has been designated as the pilot state for the implementation of the reforms, noting the vital role of the waste management sector in safeguarding public health, ensuring environmental sustainability and enhancing the quality of life in communities.

He said: “Over the years, waste management has remained one of the key environmental and developmental challenges in Nigeria. Despite efforts to develop policies and plans, Nigeria continues to face significant challenges in managing waste, including inadequate infrastructure, insufficient funding, and lack of public awareness. to address this, NESREA, in collaboration with the United Nations Environment Programme under the Montevideo Programme V for the Development and Periodic Review of Environmental Law, is implementing this pilot project in Abuja.”

Barikor disclosed that the objective of the project was to strengthen the waste management framework with the aim of promoting environmentally sound and safe management of waste in Nigeria, while ensuring better inclusion and protection of informal workers and structures; as well as the integration of waste segregation.

He expressed the belief that the National Waste Marketplace Programme recently unveiled by NESREA, and the implementation of the Extended Producer Responsibility (EPR) Programme would further boost effective waste management in line with global best practices.

He noted that: “The Marketplace intends to link waste pickers, collectors, recyclers in an innovative manner that provides benefits and allow stakeholders to interface. It will give room for financial support, insurance support and incentives. Cooperatives will also be on the space. The direction is to move towards entrenching global best practices.”

Representative of UNEP, Aphrodite Smagadi in a goodwill message said the success of the reforms depend to a large extent on meaningful engagement and integration of all stakeholders including governments institutions, the private sector, civil society, as well as the informal sector.

While thanking NESREA for convening the forum, the Director, Climate Change, Federal Ministry of Environment, Dr. Iniobong Abiola-Awe said despite the challenge posed by waste management, it represents an opportunity to turn waste into wealth, pollution into innovation and environmental risk into green enterprise.

Represented by a Chief Scientific Officer, Uduak Ekpa, Dr. Abiola-Awe added, “Nigeria generates over 32 million tonnes of solid waste annually comprising a wide range of waste types, including, food waste, plastics, paper, textiles, metals, glass and hazardous materials such as electronic and medical waste. These waste streams pose distinct challenges and require tailored approach for collection, treatment and disposal.”

The workshops had participants drawn from Ministries, Departments and Agencies of government including Federal Ministry of Environment, Abuja Environmental Protection Board, Ministry of Labour and Employment, Ministry of Youth Development Waste Pickers Association of Nigeria, Women Environmental Programme, as well as recyclers.

Participants analyzed best practices from the different parts of the world and made recommendations.

FCT Designated for Implementation of NESREA / UNEP Innovative Waste Management Pilot Project

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