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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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Global Leaders Inspire Youth Action on Digital Education at LASSMUN 2026

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Global Leaders Inspire Youth Action on Digital Education at LASSMUN 2026

By: Michael Mike

A powerful coalition of global and national leaders has challenged Nigerian students to take ownership of the future, as the Lagos Secondary Schools Model United Nations (LASSMUN) 2026 opened with a resounding focus on digital transformation, equity, and sustainable development.

At the heart of the gathering was a clear message: young people are not just participants in tomorrow’s world—they are already shaping it.

Delivering a keynote message, António Guterres underscored the United Nations’ unwavering belief in the capacity of youth to drive meaningful change. He told delegates that Model UN platforms are more than academic exercises—they are training grounds for leadership, diplomacy, and problem-solving in an increasingly complex world.

He emphasized that building a better future demands stamina, courage, and a deep commitment to fairness, urging students to always center the needs of the most vulnerable in their decision-making.

The Lagos State Commissioner for Basic and Secondary Education, Jamiu Tolani Alli-Balogun, reinforced the importance of education as a cornerstone of national progress, describing LASSMUN as a strategic investment in the next generation of leaders.

He highlighted ongoing efforts by the state government to strengthen education systems through innovation, infrastructure, and policies that promote critical thinking and character development. According to him, the discipline and engagement demanded by Model UN simulations mirror real-life governance and should inspire students to lead with integrity and purpose.

Providing a broader intellectual perspective, Efosa Osaghae, represented by Prof. Joshua Bolarinwa, said digital transformation holds immense promise for addressing global inequalities in education. However, he warned that without deliberate policies to ensure inclusiveness, technology could deepen existing divides.

He called for sustained investments in digital infrastructure, improved access, and stronger policy frameworks to ensure that no learner is left behind in the rapidly evolving knowledge economy.

The Director of the United Nations Information Centre Abuja, Ronald Kayanja, took the message further, reminding participants that youth are already central to global efforts on peace, climate action, and sustainable development.

He urged delegates to embrace dialogue, tolerance, and cooperation—core values of the United Nations—while also developing the critical ability to distinguish facts from misinformation in an increasingly polarized information landscape.

Earlier, LASSMUN President Damilola Ogunsanwo set the tone for the conference, describing it as a transformative experience that instills discipline, collaboration, and respect for global processes.

Also speaking, Tutor-General/Permanent Secretary of Education District III, Mrs. Mojisola Christiana Yusuf, emphasized that Model UN bridges classroom learning with real-world application, equipping students with essential skills such as negotiation, public speaking, and teamwork.

Adding a development perspective, Ms. Genevieve Chukwuezi, representing the United Nations Development Programme Lagos Office, highlighted how technology proved indispensable during the COVID-19 pandemic, ensuring continuity in learning despite widespread school closures.

She stressed that digital transformation must go beyond access to technology, focusing instead on innovation, scalability, and the ability to translate ideas into practical solutions that drive economic and social progress.

In a striking intervention, the conference Secretary-General, Praise Oyekunbi, cautioned against superficial adoption of technology, warning that digital tools without equitable access risk entrenching injustice rather than solving it.

“Technology without equity is not progress—it is exclusion,” she declared, drawing attention to the urgent need for inclusive digital policies.

With debates and committee sessions underway, LASSMUN 2026 is shaping up as more than a conference—it is a platform cultivating a new generation of informed, responsible, and globally conscious leaders ready to confront the defining challenges of the 21st century.

Global Leaders Inspire Youth Action on Digital Education at LASSMUN 2026

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Stakeholders Call for Stronger Enforcement, Early Intervention to Curb School Bullying in Nigeria

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Stakeholders Call for Stronger Enforcement, Early Intervention to Curb School Bullying in Nigeria

By: Michael Mike

Stakeholders from government agencies, civil society, security institutions, and the education sector have called for urgent early intervention, stronger enforcement of anti-bullying policies, and expanded youth empowerment programmes to address rising cases of bullying in Nigerian schools.

They made the call at a Stakeholder Consultative Dialogue on Anti-Bullying in Nigerian Schools convened by International Alert Nigeria on Friday in Abuja, where experts warned that bullying is increasingly becoming a major driver of mental health challenges and broader social risks among young people.

NDLEA links bullying to drug abuse risks

Chairman of the National Drug Law Enforcement Agency (NDLEA), Brig.-Gen. Mohammed Marwa, warned that persistent bullying could expose young people to substance abuse and other harmful coping behaviours.

Represented by Henrietta HoldGod of the agency’s Counselling and Psychosocial Support Unit, he said victims of bullying often suffer anxiety, depression, low self-esteem, and social withdrawal.

He stressed that in some cases, affected students may resort to drugs as a coping mechanism, noting that prevention of bullying directly aligns with NDLEA’s broader preventive mandate.

“Protecting children from bullying also means protecting them from pathways that may lead to drug abuse and other harmful behaviours,” he said, adding that safer schools are essential for building resilient communities.

NAPTIP urges zero tolerance and collective responsibility

The Director-General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Binta Bello, described bullying as a violation of human rights that requires collective action across homes, schools, and communities.

Represented by NAPTIP Director Rebecca Enwusoyere, she called for strict zero-tolerance policies in schools, stronger parental engagement, and sustained community advocacy.

She also urged stakeholders to equip young people with skills to identify, resist, and report bullying, stressing that awareness campaigns, peer education, and safe reporting channels are critical to preventing silent suffering among victims.

Experts warn of rising mental health burden

A Senior Research Fellow in International Education and Development at the Open University, Dr. Margaret Ebubedike, said bullying had worsened in the post-COVID-19 period, with significant consequences for students’ mental health and learning outcomes.

She noted that bullying extends beyond individuals to affect families and the education system, disrupting academic engagement and undermining safe learning environments.

Citing regional data, she said between 27 and 50 percent of children in Sub-Saharan Africa experience bullying, warning that Nigeria’s situation appears more severe, with more than half of secondary school students reportedly affected.

“Tackling bullying requires a collective response involving parents, educators, policymakers, and communities,” she said.

Security agency warns of wider societal risks

The Commandant-General of the Nigerian Security and Civil Defence Corps (NSCDC), Dr. Ahmed Audi, cautioned that unresolved bullying cases could escalate into broader security threats if not addressed early.

Represented by CSC Adeoye Adegoke, he emphasised the need for early reporting systems and coordinated institutional responses to prevent escalation.

Federal Government reiterates policy commitment

The Federal Government reaffirmed its commitment to tackling bullying through the National Policy on Anti-Bullying in Schools.

Representing the Federal Ministry of Youth Development, Mrs. Augustine Udo said the policy provides a framework for accountability, protection, and enforcement, urging stakeholders to move from policy discussions to practical implementation.

She called for stronger reporting mechanisms and increased empathy among students, teachers, and parents.

The Federal Ministry of Education Nigeria also confirmed that implementation guidelines and a dedicated committee have been established to ensure nationwide rollout of anti-bullying measures across schools.

Experts push for system-wide action

Behavioural Change Communication expert, Ms. Ayotola Ilori, said data shows bullying is widespread, with about 32 percent of Nigerians aged 12 to 17 affected, while as many as 85 percent are either victims, perpetrators, or both.

She welcomed the 2025 National Anti-Bullying Policy but warned that policy design alone is insufficient without full system-level implementation across schools nationwide.

Ilori also called for coordinated action across all 774 local government areas, urging students to speak up and avoid silence when facing bullying.

International Alert calls for practical interventions

Country Director of International Alert Nigeria, Dr. Kingsley Udo, said the initiative was prompted by growing concerns over recent bullying incidents, including a widely reported case in Edo State.

Represented by Programme Manager Sunday Jimoh, he said the dialogue aimed to move beyond awareness creation to actionable policy solutions.

He noted that bullying is not limited to schools but also exists in workplaces, sports, and leadership spaces, describing it as a broader societal challenge.

Udo said the organisation is working with schools to establish Youth Peace Clubs, where students are trained in conflict resolution and the psychological impact of bullying.

He added that safe reporting systems are also being developed to ensure victims can report incidents before they escalate.

At the end of the dialogue, organisers said a communiqué and policy roadmap would be developed to guide future advocacy and strengthen government engagement on anti-bullying interventions nationwide.

Stakeholders Call for Stronger Enforcement, Early Intervention to Curb School Bullying in Nigeria

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Nigerian envoy visits troops in Benin, urges professionalism

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Nigerian envoy visits troops in Benin, urges professionalism

By: Zagazola Makama

The Chargé d’Affaires at the Nigerian Embassy in Cotonou, Benin Republic, Amb. Bukar Kalambe, has visited Nigerian troops deployed under Operation AWATSE African Alliance II (OPAA II), urging them to uphold professionalism and represent the country with dignity.

Thrme visit took place on April 15, 2026, at Togbin Camp, where the envoy was accompanied by the Defence Adviser, Col. S.A. Yahaya, embassy staff, and the President of the Nigerians in Diaspora Organisation (NIDO), Benin Republic branch, Alhaji Muhammad Muniru.

According to the sources, the visit was aimed at boosting the morale of the troops and reinforcing diplomatic support for the ongoing mission.During the interaction, Kalambe charged the troops to remain disciplined and committed to their mandate, while serving as good ambassadors of Nigeria.

He also assured them of continued support from the Nigerian mission in Benin Republic to ensure the success of the operation.

The Commanding Officer of OPAA II, Lt.-Col. A.A. Ikoro, later conducted the envoy on a guided tour of the camp, showcasing facilities, vehicles, and operational equipment provided by the Nigerian Army for the mission.End

Nigerian envoy visits troops in Benin, urges professionalism

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