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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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Alex Birbir’s Plateau False Narrative Collapses Under the Weight of Facts

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Alex Birbir’s Plateau False Narrative Collapses Under the Weight of Facts

By: Zagazola Makama

Once again, Mr. Alex Birbir, speaking comfortably from outside Nigeria and relying heavily on emotionally charged propaganda supplied by local conflict entrepreneurs, has attempted to distort the realities of the Plateau crisis into a simplistic and dangerous narratives designed for foreign audiences unfamiliar with the actual situation on ground.

His latest podcast is not only riddled with exaggerations, contradictions and outright falsehoods, but also dangerously seeks to demonize Nigerian security forces while justifying armed Berom militia mobilisation under the deceptive banner of “self-defense.”

At the fore of Birbir’s claim is the allegation that Nigerian troops “fought alongside Fulani terrorists” against Berom youths who, according to him, merely wanted to defend their communities after attacks in Barkin Ladi.

But the actual sequence of events completely destroys this narrative. What truly happened on Wednesday, May 6, 2026, was that a large group of armed Berom youths mobilized toward the predominantly Fulani settlement of Jong following the killing of seven locals at Nding Sesut community the previous day.

Security sources confirmed that before the mobilisation, some of the youths allegedly contacted the Army commander in the area and demanded that troops “step aside” so they could carry out a retaliatory raid on Jong community.

That request was refused. Instead of abandoning their constitutional responsibility, troops of Operation Enduring Peace (OPEP) deployed to prevent the reprisal attack and stop what could have turned into a mass casualty event against innocent civilians.

That singular action is now being twisted by Birbir into “the military fighting alongside Fulani terrorists.” Think carefully about the absurdity of that argument. Since when did preventing a retaliatory raid on an entire civilian settlement become “supporting terrorists”?

If armed youths from any ethnic group mobilize toward another community carrying weapons and threatening reprisals, is the military supposed to simply fold its arms and allow bloodshed because activists overseas have already chosen their preferred victims and villains? The troops prevented a revenge attack.
And because they refused to allow armed youths to storm Jong community, propaganda merchants like Birbir became angry.

What Birbir deliberately refuses to mention is that when the armed youths arrived near Jong, shooting started from their own side and a firefight followed involving armed Fulani elements in the area. Troops were immediately alerted and swiftly intervened, dominating the general area and preventing total escalation.

Troops Operation Enduring Peace also deployed Quick Response Forces which helped stabilize the situation and prevent further reprisals. That is what professional soldiers are supposed to do. Yet in Birbir’s fictional version, stopping armed youths from invading another community somehow translates into “fighting Christians.” Even more reckless is his repeated attempt to frame the Plateau crisis as some grand “Islamic jihad” to establish a caliphate in Nigeria.

There is absolutely no evidence that Boko Haram, ISWAP or any international jihadist organization is operating inside Barkin Ladi, Riyom, Bassa or Mangu as part of a coordinated Islamic conquest.

What Plateau is suffering from is a brutal cycle of communal reprisals involving armed groups from multiple sides, fueled by cattle rustling, land disputes, attacks on herders, revenge killings, illegal mining disputes and long-standing ethnic grievances which we have consistently documented.

The violence is tragic.But it is not the Hollywood-style “Christianity versus Islam” fantasy Birbir and his cohort are selling online. In fact, many of the incidents he ignores completely expose how selective and dishonest the propaganda has become.

For example, on May 10, 2026, troops of Sector 6 Operation Enduring Peace came under direct ambush from armed Berom militia while responding to reports of attacks on cattle around Gero area in Jos South LGA. The attackers reportedly attempted to encircle troops from surrounding hills before soldiers responded with superior firepower, forcing them to retreat toward Nyango and Daron communities.

During the attack, nine cows were killed, five injured and a Fulani herder identified as Aliyu Yusuf sustained gunshot wounds. Hours later, another soldier, Warrant Officer Rex Okang, was brutally attacked and badly injured by armed youths in Dorowa Tsoho, Barkin Ladi.

So the same military Birbir accuses of “supporting Fulani terrorists” is now also being attacked by the very armed groups he portrays as helpless victims. This is now becoming a very consistent and dangerous pattern of insurrection.

Whenever troops refuse to permit retaliatory attacks, attempt arrests, recover illegal weapons or block armed mobilisations, they are immediately blackmailed with accusations of “supporting Fulani terrorists.” When checkpoints are maintained, troops are accused of bias.
When checkpoints are withdrawn after attacks on soldiers, troops are accused of abandonment. When troops stop reprisals, they are accused of supporting one side.
When they arrest armed suspects, activists suddenly scream “targeting indigenous people.”

It is a propaganda carefully designed to delegitimize security operations anytime armed militias fail to get what they want. The reality on ground is that Nigerian troops have repeatedly risked their lives protecting communities across Plateau regardless of ethnicity. Troops have responded to attacks on Berom communities. Troops have also responded to attacks on Fulani settlements. Troops have recovered rustled cattle. Troops have evacuated wounded civilians from both sides.

Troops have prevented reprisals. Troops have died trying to restore peace. In the same plateau troops under attack of bandits and lost many officers and men.

Only recently in Mangu, a senior Nigerian Army officer was brutally killed after they came under heavy fire by the local Militia in Plateau. At different times, they have been attacked by Berom youths. But none of these matter to some propagandists whose primary interest is sustaining outrage and exporting a false genocide narrative abroad.

Perhaps the most dramatic chapter in Alex Birbir’s latest online fiction series was his now-famous “Burial Attack” story, where he attempted to convince international audiences that heavily armed Fulani jihadists surrounded a Christian burial ground in Barkin Ladi, launched a coordinated massacre operation, exchanged gunfire for “four to five hours,” while the Nigerian military conveniently disappeared into thin air.

During the tense atmosphere surrounding the burial, armed local youths were already positioned around the area and gunfire was reportedly initiated from within the local militia side toward surrounding hills after rumors spread about possible movements nearby.

According to Birbir, mourners were abandoned, Christians were left “with sticks and machetes,” machine guns echoed everywhere, terrorists almost overran the burial ground, and only brave local youths prevented “dozens and dozens” from being massacred. Even more revealing was Birbir’s own statement where he proudly declared that local youths “took up arms” to defend the area. In the aftermath, not one casualty, not one corpse, not one verified gunshot victim. No hospital admission. No medical evacuation. No emergency death report, was recorded.

Mr Birbir should therefore tell us how does a supposed four-to-five-hour terrorist assault involving machine guns and sniper rifles end without a single confirmed casualty? Did the terrorists suddenly forget how to shoot? Or perhaps, just perhaps, the entire event was massively exaggerated and manipulated for propaganda purposes.

Birbir also made another astonishing claim, insisting that “Christians defended themselves with sticks and stones against machine guns and AK-47s.” Again, facts expose the dishonesty. Security operations in Plateau have repeatedly uncovered Ak47 riffles, pistols, locally fabricated rifles, illegal arms factories, ammunition components and armed Berom militia networks linked to criminal elements operating in the state.

Several suspects involved in illegal weapons fabrication, robbery, and targeted attacks have already been arrested by troops while credible information has uncovered more arms factories. Only recently, troops recovered another fabricated rifle from a Berom militia member during operations in Barkin Ladi. If people are only carrying “sticks and stones,” where are these rifles, ammunition and fabricated weapons suddenly coming from?

Do illegal assault rifles or Ak47 now grow naturally inside Plateau or Berom farmlands? Even more revealing was Birbir’s own statement where he admitted that local youths “took up arms” to defend themselves. That statement alone destroys the entire “helpless civilians” narrative being marketed internationally. Mention a single scenario where they have defended their communities, instead those arms were used to perpetuate targeted attacks, armed robbery and cattle rustling. This year alone, the Berom militia have rustled or killed more than 400 cattle belonging to the fulani. None of these reports was acknowledge by Me Birbir.

Nobody denies that communities have suffered terrible losses in Plateau as a result of the attacks by Fulani bandits. Both Berom and Fulani communities have buried victims. Both sides have suffered same level of attacks. Both sides have experienced reprisals.

But what Birbir and similar propagandists are doing is dangerously reframing a complex communal conflict into a false one-directional religious extermination narrative. And that distortion is extremely dangerous because it radicalizes youths, fuels retaliation and undermines peace efforts.

Perhaps the greatest irony of all is this,
the same armed groups now attacking soldiers are often from the same communities loudly accusing the military of not protecting them enough. Troops are insulted when they intervene. Troops are attacked when they maintain neutrality. Troops are blackmailed when they stop reprisals. Troops are demonized when they arrest suspects. Naked women run to the street to protest. In one instant, they attacked troops, dismantled their check point and burnt some of their equipment.

Yet if the military withdraws completely and violence escalates uncontrollably, the same voices will again blame the military for “abandoning Christians.” This endless contradiction exposes the real problem:
Some actors no longer want peace.
They want validation for retaliation.

The unfortunate truth is that Plateau’s violence will never end if every attempt to enforce neutrality is interpreted as “supporting the enemy.” No military operation can succeed where armed militias are defended, illegal weapons are normalized and propaganda rewards revenge narratives over accountability.

Accusing troops of “aiding terrorists” simply because they prevented armed youths from attacking another civilian settlement is not only dishonest, it is reckless and inflammatory.

Peace in Plateau will only come through truth, accountability, disarmament and honest dialogue, not through emotional podcasts designed to inflame international outrage while ignoring the full complexity of the conflict.

Alex Birbir’s Plateau False Narrative Collapses Under the Weight of Facts

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Zulum Appoints Prof. Bukar Usman as Pioneer Chairman of Zakkat, Waqf Commission, Names New Secondary Education Board Member

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Zulum Appoints Prof. Bukar Usman as Pioneer Chairman of Zakkat, Waqf Commission, Names New Secondary Education Board Member

By: Our Reporter

Borno State Governor, Professor Babagana Umara Zulum, has approved the appointment of Prof. Bukar Muhammad Usman as the pioneer Executive Chairman of the newly established Zakkat and Waqf Collection and Distribution Commission.

The Commission, which became operational in 2025 following the passage of its enabling law by the State Assembly and the Governor’s subsequent assent, is mandated to oversee the collection, administration, and equitable distribution of Zakkat and Waqf across the state.

The appointment of the Executive Chairman is in accordance with the powers conferred on the Governor under Section 4 (1) and (2) of the Commission’s Law, 2025.

Prof. Bukar Muhammad Usman, a Professor of Arabic Literature and a distinguished Islamic scholar, brings to the role expertise in Islamic jurisprudence and academic leadership.

He began his academic career at the Nigerian Arabic Language Village, Gamboru Ngala, where he served as a lecturer from 2006 to 2018. Following the completion of his Ph.D., he joined the Department of Arabic at Yobe State University, where he currently holds the rank of professor.

Before his appointment, Prof. Bukar served as Head of the Department of Arabic at Yobe State University and was a member of both the university’s Senate and Council. He also served on the editorial board of Al-Nur Journal, a scholarly publication of the Department of Arabic.

He participated in numerous seminars, workshops, and conferences both nationally and internationally. He has published several scholarly papers in reputable local and international journals and also supervised many Master’s and Ph.D. theses across various institutions.

In a related development, Governor Zulum has also approved the appointment of Malam Muhammad Ibrahim Muhammad as a member of Borno State Senior Secondary Education Board, representing Southern Borno.

The appointment follows the demise of Alhaji Ibrahim Sarki in January 2026 and is in line with the provisions of Section 4 (1)(a) of the Borno State Senior Secondary Education Board (Amendment) Law, 2024.

Until his appointment, Malam Muhammad Ibrahim Muhammad was a lecturer at the College of Education, Gashua, and holds a Master’s degree in Fundamentals of Religion.

Governor Zulum congratulated the appointees and urged them to deploy their experience, integrity, and commitment toward strengthening their respective institutions.

Both appointments are for an initial term of four years and are subject to confirmation by the Borno State House of Assembly.

Zulum Appoints Prof. Bukar Usman as Pioneer Chairman of Zakkat, Waqf Commission, Names New Secondary Education Board Member

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Zulum elated by Tinubu’s approval of 3 federal institutions for Borno in 3 years

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Zulum elated by Tinubu’s approval of 3 federal institutions for Borno in 3 years

.. Says Borno will reciprocate the gesture in 2027

By: Our Reporter

Borno State Governor, Professor Babagana Umara Zulum, has commended President Bola Ahmed Tinubu for approving three major federal institutions for the state within three years of assuming office.

Zulum made the commendation on Sunday in Bama, shortly after a sympathy visit to residents affected by a devastating windstorm that struck part of the town last week.

Zulum specifically noted that since President Tinubu took office, he has approved the take-off of three vital federal institutions, including the Federal College of Education, Gwoza; the National Orthopaedic Hospital, Azare; and the Federal University of Agriculture and Entrepreneurship, Bama.

He expressed delight that the institutions would directly transform the lives of the people of Borno through job creation, improved access to quality education, and specialised healthcare delivery.

Zulum commended President Tinubu for his sustained attention to Borno’s recovery and development needs, noting that the three federal institutions would significantly accelerate post-insurgency reconstruction and economic revitalisation.

“I want to draw your attention to the establishment of the Federal University of Agriculture and Entrepreneurship, Bama, by the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, just two days ago.

“The pioneer principal officers were appointed. This is a remarkable achievement, and we want to hail the President for what he has done.”

“The take-off of the Federal College of Education, Gwoza, and the National Orthopaedic Hospital, Azare, was achieved under the administration of President Tinubu; therefore, I want to commend him and assure him that the people of Borno State will reciprocate the kind gesture at the appropriate time.”

Zulum had last year announced the handover of Umar Ibn Ibrahim El-Kanemi College of Education, Science, and Technology, Bama, for the immediate commencement of academic activities at the newly established Federal University of Agriculture and Entrepreneurship, Bama. The Governor also approved one billion naira for the immediate take-off of the University.

The Governor has consistently offered similar support to the Federal Polytechnic, Monguno; Federal College of Education, Gwoza; and National Orthopaedic Hospital, Azare, approving over N5 billion to facilitate a seamless take-off.

The Governor also inspected ongoing construction work for the 19 Brigade headquarters in Bama, underscoring his administration’s determination to consolidate security gains and restore full civil authority around the Bama general area.

Zulum elated by Tinubu’s approval of 3 federal institutions for Borno in 3 years

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