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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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Bandits ambush security team along Kuzuntu grazing reserve in Kaduna, Policeman killed

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Bandits ambush security team along Kuzuntu grazing reserve in Kaduna, Policeman killed

By: Zagazola Makama

A combined security team was ambushed by armed men along the Kuzuntu axis of Anchau, Kubau Local Government Area, resulting in the death of a policeman and injuries to others.

Sources told Zagazola Makama that at about 1455 hours on 3 December 2025, a team of security forces comprising of Nigerian Army, police, KADVS operatives, and local vigilantes on assignment at the government grazing reserve in Kuzuntu.

The team was on a request from the Kubau Local Government Council Chairman to accompany staff of an Agro Industry and local officials to take measurements of the grazing area.

The exercise was successfully completed; however, on their return, the team was ambushed by armed men suspected to be bandits.

Police Constable Sunday Ishaya was fatally shot, while several military personnel sustained injuries. The victims were rushed to a hospital for medical attention, where PC Ishaya was certified dead, and the injured are responding to treatment.

The deceased was deposited at General Hospital, Ikara.

Bandits ambush security team along Kuzuntu grazing reserve in Kaduna, Policeman killed

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Insecurity: NEC Approves N100bn For Rehabilitation Of Security Agencies’ Training Institutions

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Insecurity: NEC Approves N100bn For Rehabilitation Of Security Agencies’ Training Institutions

*VP Shettima says economic reforms must deliver visible impact to Nigerians across states

By: Our Reporter

The National Economic Council (NEC) has approved the sum of N100 billion, subject to a final ratification by President Bola Tinubu, for rehabilitation of training institutions for police and other security agencies in Nigeria.

This followed recommendations by the adhoc committee earlier constituted to assess the state of police and security agencies’ training institution nationwide.

At its 154th meeting held virtually on Wednesday, NEC also approved the sum of and N2.6 billion for consultancy services for the project.

President Tinubu had at the 152nd meeting of NEC in October, proposed the overhaul and revamp of training institutions for security agencies nationwide.

Chairman of the adhoc committee, Governor Peter Mbah of Enugu State, had in his presentation to Council, underscored the urgency and significance of the condition of the training facilities, saying most of the training institutions are in dire condition.

Following the presentation by the Governor, the Chairman of NEC, Vice President Kashim Shettima, reaffirmed the commitment of government to address the situation.

VP Shettima also charged governors of the 36 states of the federation to ensure that economic reforms by the state governments translate into clear, measurable improvements in the lives of Nigerians.

Noting that governance is meaningful only when citizens can feel its impact, the Vice President particularly urged all tiers of government to focus on execution rather than rhetoric.

He said the era of policy without results must give way to governance defined by tangible outcomes in communities across the country.

“Our task is not to admire problems, but to solve them. Not to explain challenges, but to overcome them. And not to hope for progress, but to engineer it.

“Today’s agenda speaks to our shared responsibility to build a nation where reforms translate into results, and where policies are not mere promises but convincing instruments of change felt in the markets, schools, clinics and farms across our federation,” the VP said.

Highlights of the meeting are follows:

NEC (7TH IN 2025) 154TH MEETING WEDNESDAY, DECEMBER 3RD, 2025

UPDATES

The Accountant-General of the Federation gave update to Council on the under listed accounts as follows:

  1. EXCESS CRUDE ACCOUNT (ECA)

Balance as at November, 2025 – $525,823.39

  1. STABLIZATION ACCOUNT

Balance as at November, 2025 – N71,647,494,101.12

  1. NATURAL RESOURCES DEVELOPMENT ACCOUNT

Balance as at November, 2025 – N79,252,769,532.35

PRESENTATION BY NEC AD-HOC COMMITTEE ON THE UPDATE ON POLIO ERADICATION

The presentation to Council was made by the Chairman, Governor of Gombe State

Council noted that Since the NEC Ad-Hoc Committee on Polio was inaugurated earlier this year, the Committee has met four times—between June and November 2025. Each meeting has deepened political commitment, strengthened coordination, and ensured that states remain firmly engaged in the national push to interrupt the remaining variant poliovirus transmission.

Progress to date
Council noted that :

As of Week 47, Nigeria has recorded 73 cases of circulating variant poliovirus type 2 (cVPV2) this year—a 39% reduction from the 119 cases recorded during the same period in 2024. Six priority states account for 63% of total cases, with the majority coming from Sokoto (23), Zamfara (9), Kebbi (7), Gombe (2), Kano (3), and Katsina (2).

Of particular note is the progress made in the two states that have historically carried the highest burden:

a. Kano has achieved a 94% decline in cases compared to last year.

b. Katsina has recorded an 88% decline.

  • 13 new detections—12 cVPV2 and 1 cVPV3—have been confirmed across the country. Notably:

a. Gombe detected its first cases of the year—one in Dukku LGA (Acute Flaccid Paralysis) and one in Gombe LGA (environmental surveillance).

b. Kebbi, Sokoto, Jigawa, Nasarawa and Zamfara have also reported new cases, highlighting the need for intensified action.

First phase of the integrated Measles–Rubella, HPV, and Polio campaign across 20 northern states and Oyo. That exercise delivered meaningful gains:

i. 83% of all planned settlements were reached with geo-evidence.

ii. 92% and 95% of targeted children received the MR vaccine polio vaccine

iii. LQAS results showed 85% pass for MR and 86% for polio

  • In the six priority states:

i. Kano, Katsina, and Gombe passed LQAS, showing strong campaign quality.

ii. Kebbi, Sokoto, and Zamfara did not meet the 80% threshold for LQAS, and revaccination conducted in the affected LGAs

A new round of nOPV2 campaigns will commence this December. The implementation will occur in two blocs:

i. Bloc A (12 northern states)—including Kano, Katsina, Kebbi, Sokoto, and Zamfara

ii. Bloc B (9 northern states)—including Gombe

  • This round is critical. It presents an opportunity for us to close remaining immunity gaps before year-end

Resolution:

i. Deputy Governors across the implementing states are encouraged to convene State Taskforce Meetings ahead of the campaign

  • State Governments are urged to work closely with security agencies to support safe access for vaccination teams, particularly in settlements affected by insecurity or hard-to-reach terrain.
  • LGA Chairmen should be fully involved in campaign oversight by chairing the Evening Review Meetings (ERMS), where daily performance is assessed, bottlenecks identified, and corrective measures taken in real time.

UPDATE ON THE STAKEHOLDERS’ MEETING ON THE COST AND AVAILABILITY OF DOMESTIC GAS BY THE MINISTER OF PETROLEUM (GAS)

The Minister of Petroleum (Gas), Mr Ekperikpe Ekpo made a presentation on the cost and availability of domestic gas, particularly the payment of outstanding obligations to gas producers to encourage increased production and supply for domestic consumption.

Gas producers have a cumulative debt claim of $1bn for gas supplied to the power sector as far back as 2011 and ₦185bn (78%) of the total naira-denominated debt claims has been validated by submissions made by NNPC Gas Marketing Ltd (NGML) and Nigerian Electricity Regulatory Commission (NERC); the variance is largely driven by NEPL’s claims against its GenCo customers and unreported claims against NGML by Shell, Seplat Energy and NUIMS.

His Excellency, President Bola Ahmed Tinubu had on 4th April 2024, granted approval to urgently settle the ₦185 billion naira validated debt owed to gas producers through future oil and gas royalty deductions.

Following the transmission of the Presidential approval to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the NUPRC has engaged with the six (6) gas producers and agreed on a royalty deduction schedule.

Resolution:

Council commended the initiative and efforts of the committee, given Nigeria’s status as a largely gas nation.

It approved the committee’s prayers to among other things, concur with President Bola Ahmed Tinubu’s approval for the payment of outstanding obligations to the tune of ₦185 billion to gas producers to ensure improved supply of gas for domestic production.

Insecurity: NEC Approves N100bn For Rehabilitation Of Security Agencies’ Training Institutions

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NSCDC Intensifies Anti-Corruption Fight, Inaugurates New Heads of Anti-Corruption and Transparency Unit

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NSCDC Intensifies Anti-Corruption Fight, Inaugurates New Heads of Anti-Corruption and Transparency Unit

By: Michael Mike

The Nigeria Security and Civil Defence Corps (NSCDC) has reinforced its commitment to combating corruption by inaugurating new heads of its Anti-Corruption and Transparency Unit (ACTU) and unveiling a robust Corruption Prevention Strategy.

Commandant General (CG) of NSCDC, Prof. Ahmed Audi on Wednesday charged the newly inaugurated ACTU heads to lead by example, enforce compliance without fear or favour, and resist undue pressure by upholding the values of integrity, transparency, and accountability.

The CG, represented by the Deputy Commandant General (Administration), DCG Adeyinka Ayinla, delivered the keynote address at a one-day sensitization workshop, inauguration ceremony, and integrity award event held at the Corps’ National Headquarters in Abuja.

Audi stated that the new NSCDC Corruption Prevention Strategy is designed to reduce misconduct, promote due process, and reinforce internal discipline within the Corps. He applauded the support of President Bola Tinubu, through the Minister of Interior, Honourable Olubunmi Tunji-Ojo.

Also speaking at the event, the Chairman of the Independent Corrupt Practices and other related Offences Commission (ICPC), Dr. Musa Aliyu, stressed that corruption undermines service delivery, erodes public confidence, distorts development priorities, and weakens the security architecture of a nation.

Aliyu, represented by Mr. Olusegun Adigun, assured the NSCDC of the Commission’s continued partnership in championing preventative measures across Ministries, Departments, and Agencies (MDAs), and appreciated the Corps for its strong anti-corruption posture.

Earlier, the Chairman of the NSCDC ACTU, Acting Commandant Audrey Obeh, described the gathering as a “transformative moment” and a testament to the Corps’ dedication to integrity and national development. She commended the Commandant General for his visionary leadership, which has provided an enabling platform for the ACTU to thrive.

“The inauguration of ACTU Heads, integrity awards, and unveiling of the NSCDC corruption prevention strategy all demonstrate how we are intentionally strengthening the pillars of accountability within our system,” Commandant Obeh stated.

A key highlight of the event was the presentation of integrity awards to deserving officers and staff.

The CG of NSCDC, Prof. Ahmed Audi, received the Integrity Champion and Visionary Award.

The erstwhile Chairman of NSCDC ACTU, Commandant of Corps Remi Ekundayo, bagged the Distinguished ACTU Chairperson Emeritus Award.

Other recipients included ASCII Amanze Abraham Onyedikachi (ACTU Integrity, Ethics and Compliance Award), and CSC Aremu Rafiu (Kwara State Command), CSC Akinwande Adesola Comfort (Oyo State Command), SC Umar Abubakar Ladan (Borno State Command), and SC Yusuf Ibrahim Yusuf (Jigawa State Command), who all received the ACTU Outstanding Performance and Distinguished Service Award.

Goodwill messages were also delivered by representatives from sister agencies, including the Controller General of Immigration, the Director General of the National Emergency Management Agency (NEMA), and the National Identity Management Commission (NIMC).

NSCDC Intensifies Anti-Corruption Fight, Inaugurates New Heads of Anti-Corruption and Transparency Unit

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