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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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NHRC Confronts Past Challenges, Pushes Digital Overhaul to Fix Broken Complaint System

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NHRC Confronts Past Challenges, Pushes Digital Overhaul to Fix Broken Complaint System

By: Michael Mike

The National Human Rights Commission (NHRC) has acknowledged deep-rooted weaknesses in its complaint handling system and is now pushing an ambitious overhaul anchored on digital transformation and institutional reform.

At a high-level stakeholder validation meeting in Abuja, the Commission signaled a decisive shift from outdated, ineffective procedures toward a modern, technology-driven framework designed to restore public confidence and improve access to justice.

Executive Secretary of the Commission, Tony Ojukwu, described the ongoing review of the Complaint Handling Manual as more than a routine update, but a critical reset.

“We are gathered here to review, refine and ultimately validate the Complaint Handling Manual,” he said, stressing that the process must deliver real remedies for victims, particularly the most vulnerable.

But it was the candid admission from former NHRC Director of Civil and Political Rights, AbdulRahman Yakubu that underscored the urgency of reform.

“That manual was not used because of so many deficiencies and was abandoned,” Yakubu revealed, exposing a troubling gap between policy design and implementation that has long hindered the Commission’s effectiveness.

The NHRC, which has expanded from just eight staff to over 1,000 personnel and 38 offices nationwide, now faces mounting pressure to match its institutional growth with functional efficiency.

Yakubu noted that while the Commission’s structure has evolved—with four specialized departments now handling complaints—the absence of a practical, enforceable framework has limited impact.

Central to the reform push is the digitization of the entire complaints process, a move stakeholders say could significantly reduce delays, improve transparency, and strengthen accountability.

“We need automation and digitization of the complaints management process from beginning to end,” Yakubu said, describing the complaints registry as “the engine room” of operations.

The proposed system will also introduce standardized investigation templates and documentation tools, including a certificate of service, aimed at closing loopholes that have previously weakened case tracking and enforcement.

NHRC official Anthonia Nwabueze said the validation exercise is part of a broader effort to rebuild credibility through inclusiveness and expert input.

“The Commission cannot work alone; we decided to bring stakeholders together to join us in this critique,” she said, adding that the process is designed to identify gaps, eliminate inconsistencies, and produce a manual that is both practical and enforceable.

Beyond technical reforms, the Commission is also seeking to reorient its approach toward victims.

Ojukwu challenged participants to adopt a rights-based, people-centered lens. “Look at it through the lens of the most marginalised and vulnerable victims—ask the hard questions,” he urged.

The ongoing validation signals a rare moment of institutional self-reflection for the NHRC—one that acknowledges past shortcomings while attempting to build a more responsive, transparent, and technology-driven system.

If successfully implemented, the reforms could mark a turning point in how human rights complaints are handled in Nigeria, shifting the Commission from a largely reactive body to a more efficient and accountable protector of citizens’ rights.

NHRC Confronts Past Challenges, Pushes Digital Overhaul to Fix Broken Complaint System

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NIGCOMSAT Targets Industrial Leap with Startup Push, Skills Drive

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NIGCOMSAT Targets Industrial Leap with Startup Push, Skills Drive

By: Michael Mike

Nigeria’s state-owned satellite operator, Nigerian Communications Satellite Limited (NIGCOMSAT), is repositioning itself at the heart of the country’s industrialisation agenda, backing over 5,000 startups and expanding digital skills training as part of a broader push to turn connectivity into economic power.

The Managing Director/CEO, Jane Egerton-Idehen, disclosed the scale of intervention at the SOYUZNIK Alumni National Congress in Abuja, where she framed satellite infrastructure not just as a communications tool, but as a catalyst for production, innovation, and national competitiveness.

In a keynote delivered on her behalf by Acting Director of Technical Services, Engr. Ikechukwu Amalu, Egerton-Idehen said the agency’s Space Accelerator Programme—now in its third cohort—has quietly evolved into a pipeline for nurturing technology-driven enterprises, particularly in underserved segments of Nigeria’s digital economy.

The intervention comes amid growing concern that Nigeria’s innovation ecosystem, though vibrant, remains weakly linked to industrial output. NIGCOMSAT’s approach seeks to close that gap—pairing startup support with hands-on technical training and expanding connectivity to areas historically left out of the digital economy.

Across states including Adamawa, Jigawa, Cross River, and Enugu, the agency’s VSAT training programmes are equipping young Nigerians with practical, market-ready skills, targeting employability and enterprise creation rather than theoretical knowledge.

Egerton-Idehen argued that such interventions are critical if Nigeria is to transition from a consumption-driven economy to a production-led one.

“Connectivity is no longer a luxury—it is the foundation of modern economic systems,” she said, stressing that countries that fail to build strong digital infrastructure risk being locked out of the next phase of global industrial competition.

She pointed to ongoing projects such as the 774 Connectivity Initiative, which has so far extended digital access to dozens of local government secretariats, as part of efforts to deepen governance, improve service delivery, and stimulate economic activity at the grassroots.

Beyond infrastructure, she called for a structural reset in Nigeria’s education system, urging stronger alignment with emerging technologies including artificial intelligence, data science, and satellite communications.

According to her, the real challenge is not a lack of talent, but the absence of systems that convert knowledge into measurable economic output.

She also warned that innovation ecosystems cannot thrive without deliberate collaboration between academia, industry, and government, backed by sustained investment in research and clear regulatory frameworks that protect intellectual property.

The SOYUZNIK Alumni—comprising graduates of Russian and former Soviet Union institutions—were urged to leverage their international exposure to drive technology transfer and localisation of innovation within Nigeria.

In his welcome remarks, Abuja chapter chairman, Agu Collins Agu, described the congress as a convergence of technical expertise with the potential to influence national development outcomes.

As Nigeria grapples with sluggish industrial growth and rising youth unemployment, NIGCOMSAT’s expanding role signals a strategic shift—one that places digital infrastructure, innovation, and skills development at the centre of the country’s economic transformation agenda.

NIGCOMSAT Targets Industrial Leap with Startup Push, Skills Drive

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Tribute to the late flight Sergeant Temitope Beckley

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Tribute to the late flight Sergeant Temitope Beckley

By: Bodunrin Kayode

Dear Tope, I am still in shock that you had to leave so early at just 50. Seven years before your father our dear uncle Alaba left at 57. And my own father your uncle too same 57, all of the Akinlawon stock of the Beckleys in Lagos.

Sad you had to leave us so early. I am sad because of the bond we shared as special cousins or what people of your generation call besties. You were a jolly good fellow to me in particular whenever our paths crossed. Aburo (little brother), as I used to call you, family may share the same names sometimes and blood but very few are real friends within a particular family. If there are friends within our family, you are definitely one of them. A very jovial fellow who looks out for the others. A friend indeed among brothers and cousins. Your eyes always glittered when you were around me. And of recent you became more concerned about me when you heard that I was in the North East Nigerian war theatre of operation Hadin Kai. I assured you that because He lives i will always face tomorrow.

How we built our friendship

I remember my brief stay with you guys at the family house in folarin street, Mushin. Trying to rediscover myself as Uncle Alaba would call it anytime he asked me to escort him to EMPLAN consult were he was working then. Each time we returned, you were always close by asking the right questions the little ones always asked their older brothers. I enjoyed your restlessness at that young tender age, wanting to know a lot of things out there especially when we watched TV together and you did not understand what was going on. With the kinds of questions your probing mind used to ask, I always knew that you were going to become one of the shining lights of the family. I even dreamt of you joining me in serving God and country as a media practitioner one day. But you had other plans and ended up at the Nigerian Air Force as you did till your last breath due to a protracted illness.

When I later started my studies to train as a journalist and found myself staying at Akobi crescent with Uncle Akobi, you never forget to stop by and check on me. You kept the flame burning. Your appearances were always remarkable with that glitter in your eyes which used to lighten up my weekend whenever you showed up. Brother Akin was always at hand to host us. Whenever he wasn’t around, we would go out to hang out as young people to have fun. You were always with the older ones hardly having time for your generation. Distance would now separate us when I was posted to Taraba state by the then daily times as its maiden correspondent. But we always met along the way until you joined the air force.

Your worries about Nigeria

Tope, at your level in the service in the military, you already knew the difference between right and wrong and you were very methodical and meticulous in the way you conducted your affairs. You asked more questions as always but this time as a seasoned personnel of the Nigerian Air Force. You knew where you were coming from and were you wanted to be in the nearest future. I encouraged you that in all things we should give thanks to our Creator. The one who is and is to come. You were on course in your relationship with him.

I remember our last discussion, about the insurgency challenge the military is dealing with at our backyard in Borno. Your perception about the Nigerian Air Force which you served till your natural passing. And your projection for the future in terms of security for the country. I asked for your family and you updated me that they were fine. I was worried about the fact that I am yet to meet your loving family but you assured me that we would surely meet someday even though your spouse was in Canada pursuing her dream. The telephone chat zeroed down to why I called. I actually chatted you because I remembered your father the great Uncle Alaba who had gone to the great beyond. And I wanted to honour his memory with a tribute 29 years after his demise. You promised feeding me with the extra details I wanted to add to what I got from your big sis Tosin. But that never happened. I never got the pictures of Uncle or the details I wanted. That has been rested for his 30th anniversary now.
Rather what I got was a rude shock of your sudden collapse and departure from this world. Tope, you suddenly joined your father in the great beyond at the untimely age of 50. We can’t question God Almighty our Creator over this decision. We would rather give thanks to him for the life you lived because He said we must give thanks to Him in all things.
Aburo, all I can say now is permission granted because you never sort for anyone’s permission to bow out. This was the command of your creator, the All knowing I Am who decides when it is time to come or to leave this world. Tope, be rest assured that some of us will never forget coming across your path in this short life. Enjoy your sleep great soldier until we meet to part no more.

Broda Sam.

Tribute to the late flight Sergeant Temitope Beckley

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