News
POS dealers ATM make brisk businesses in Borno and Yobe state due to scarcity of naira notes
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
News
Troops recover drone after clash with ISWAP in Borno
Troops recover drone after clash with ISWAP in Borno
By: Zagazola Makama
Troops of Operation Hadin Kai have recovered a drone after engaging suspected ISWAP terrorists during a fighting patrol in Izge area of Borno.
Zagazola learnt thar the encounter occurred at about 11:30 a.m. on Dec. 30 in the Pridang general area.
The sources stated that troops deployed at Forward Operating Base Izge, were on a patrol in conjunction with volunteer forces when they came in contact with an unconfirmed number of terrorists on a surveillance mission.
According to the sources, the terrorists were suspected to be planning to deploy an ultra-light drone to monitor the activities of troops and local residents in the area.
The sources said the troops engaged the terrorists with overwhelming firepower, forcing them to abandon the drone and flee in disarray, possibly with gunshot wounds.
The sources added that the troops conducted exploitation of the area and recovered one drone along with its complete accessories.
End
News
PAN Workers Cry Out for Their Severances
PAN Workers Cry Out for Their Severances
By: Balami Lazarus
There had been an outcry recently by retired workers of Peugeot Automobile Nigeria (PAN) Kaduna on their entitlements that are yet to be settled.
However, PAN is working towards the payments of their severances to enable the company to move forward and face other corporate challenges.
The Managing Director, Mrs. Taiwo Oluleye, has made it clear that the company is making efforts to pay all entitlements of her retired workers as soon as possible.
Speaking recently with Barr. Adekemi Adebayo by phone, the company secretary/legal advisor, who said that PAN as a private company is faced with corporate challenges due to the current economic situation, “We are concerned with the plights of those who retired from the company.” The management is making efforts on the payments of their severances. Adekemi informed NEWSng that PAN recently paid some retired staff their entitlements.
In her capacity as Secretary/Legal Adviser, Adebayo further said, “There is hope for the automobile industry in Nigeria.
Likewise our workers, including those that left,” she emphasized.
A worker who pleaded for anonymity said that he left the company in 2024 but has not been paid. “We are in tight financial difficulties. Our expectations are becoming a nightmare,” he said.
NEWSng investigations revealed that the automobile industry in Nigeria is faced with challenges of lack of government support and laws to give her proper protection to operate in the economy.
End
News
From Sambisa to Kainji: how Boko Haram- Bandits- JNIM are driving a cross-regional terror alliance in Nigeria
From Sambisa to Kainji: how Boko Haram- Bandits- JNIM are driving a cross-regional terror alliance in Nigeria
By: Zagazola Makama
Emerging security assessments identifying specific commanders, bomb-makers and facilitators point to a deepening, evidence-based pattern in which Boko Haram’s Jama’atu Ahlis Sunna Lidda’awati wal-Jihad (JAS), organised bandit groups and Jama’at Nasr al-Islam wal-Muslimin (JNIM) elements are increasingly functioning as a loose but lethal coalition across Nigeria’s North-East, North-West and North-Central zones. Please
At the core of the emerging threat is a JAS suicide-bombing network traced to the Ali Ngulde camp, with technical direction allegedly provided by veteran IED expert Munzir Abu Ziyadah. Intelligence indicates that Abu Ziyadah’s team prepared up to 10 person-borne IED (PBIED) attacks, routed through the Ngoshe Mountains, transiting Gazuwa and Ngom, before infiltrating towns across Borno State.
The Dec. 24 suicide bombing at Gamboru Market mosque in Maiduguri Metropolitan Council (MMC) is assessed by Zagazola Makama as one execution point within this wider plan, rather than a stand-alone operation. Subsequent intelligence specifically flagged Gwoza and Pulka, particularly on market days, as prospective targets, with reports confirming that one female Boko Haram member was embedded among the PBIED elements an operational detail consistent with past JAS tactics in soft targets.
Deep sources further sheds light on JAS’ internal Militant structure. Before his reported death, Ustaz, the Amir al-Jaish in Barwa, served as the de facto number two to Bakura Doro, overseeing the security of JAS’ headquarters. Alongside him, JAS maintained a decentralized command arrangement under three principal terrorist leaders : Ali Ngulde (Mandara Mountains axis), Sadikku (North-West and North-Central axis), and Ustaz (Barwa).
Recent clashes point to how rivalry within jihadist factions can intensify violence. Following a surprise JAS attack on ISWAP positions around the Lake Chad islands, ISWAP reportedly retaliated by killing Ustaz, signalling that internecine conflict remains a driver of high-impact attacks as factions seek to reassert dominance.
While the North-East continues to face the classic Boko Haram suicide threat, developments in the North-West reveal a dangerous mutation. Intelligence linking bandit kingpins to former Sambisa-based IED experts marks a significant escalation in the character of violence in Zamfara and neighbouring states.
Sources names Alhaji Beti, identified as the younger brother of slain JAS/Ansaru leader Alhaji Bello, as a central facilitator of terror-bandit collaboration. Bello was killed in Rijana Forest, Kaduna State, in 2024, but his network appears to have survived.
According to the sources, Alhaji Beti is hosting Sambisa-linked IED experts inside Gando Forest, Zamfara State. These specialists are reportedly fabricating IEDs intended for deployment along critical access routes in Bukkuyum Local Government Area, with spillover risk into Sokoto and Kebbi States. The fabrication of roadside and vehicle-borne IEDs for deployment along major supply routes in Bukkuyum, parts of Sokoto and Kebbi represents a strategic shift aimed at disrupting movement, strangling commerce and stretching military response capacity.
As of Dec. 25, intelligence and community confirmations indicated that about 25 IED couriers had laid road-side IED (RSBIED) lanes along the Kyarum–Kairu MSR in Bukkuyum.
This evolution manifested starkly on Dec. 27 along the Dansadau–Gusau corridor, where coordinated IED detonations against a civilian convoy, followed by an attempted ambush on military elements, killed eight civilians.
The attack bore hallmarks of jihadist doctrine: layered explosives, exploitation of panic, and a follow-on armed engagement. Zagazola describe it as a clear departure from traditional bandit hit-and-run tactics. It pointed to how banditry is evolving beyond ransom-driven crime into terror-style warfare.
This intelligence also aligns with the Dec. 27 incident near Mai-Ayaya Village, Magami District, Gusau LGA, where multiple IEDs struck a civilian convoy escorted by troops, killing eight civilians. The follow-on ambush against an Army tanker reflects tactics commonly associated with jihadist groups rather than traditional banditry, lending weight to assessments that Boko Haram expertise is being exported into the North-West theatre.
Baba Adamu, also known as Kachallah Sadikku, was actively training the Dogo Gide-led group in IED construction to escalate attacks in the North-Central zone. This training pipeline coincides with reported collaboration between JNIM, Ansaru and JAS elements.
A case in point was the Dec. 22 attack on an NSCDC checkpoint at Ibrahim Leteh Village, along the Wawa–Luma MSR in Borgu LGA, Niger State. The attackers suspected JNIM fighters operating with Ansaru/JAS elements escaped through the Kainji National Park axis after seizing a rifle. The outpost’s proximity about 3 km to Wawa town and 9 km to the 221 Armoured Brigade barracks illustrate the strategic intent behind the assault.
Zagazola Makama identify Kainji National Park as a critical sanctuary, repeatedly referenced as a rear base for insurgents operating across the Niger–Kwara corridor. Communities such as Nuku, Durumma, Woro, Wawa and Babanna have formed a ring of recent attack sites around the park, reinforcing concerns that jihadist groups are methodically making preparation for more ambitious operations. The most recent attacks coordinated by Boko Haram terror networks was the abduction of 130 students from the St. Mary’s Catholic School, Papiri in November 24 and 26, 2025.
Taken together, the intelligence paints a picture of a multi-zonal, adaptive and increasingly lethal threat. The convergence of JAS suicide expertise, bandit mobility networks and JNIM operational doctrine represents a qualitative escalation that blurs the line between insurgency and organised crime.
This convergence reflects a deliberate strategy: JAS supplies suicide bombing and IED know-how; bandit leaders provide terrain access and logistics; JNIM contributes regional connectivity and combat experience. The result is a hybrid threat capable of mass-casualty attacks on highways, markets and places of worship.
For Nigeria’s security architecture, the implications are profound. The prioritisation of EOD-led route clearance on vulnerable MSRs, intensified surveillance of forest sanctuaries, and proactive intelligence fusion across theatres are no longer optional, they are strategic imperatives. Equally critical is sustained community engagement, without which early warning and HUMINT pipelines will remain fragile.
Zagazola Makama therefore calls for the need for anticipatory action rather than reactive deployments. As extremist actors seek to widen their operational depth and geographic reach, the cost of delayed or fragmented responses will be measured not only in disrupted trade and insecurity, but in civilian lives.
Zagazola Makama is a Counter Insurgency Expert and Security Analyst in the Lake Chad region.
From Sambisa to Kainji: how Boko Haram- Bandits- JNIM are driving a cross-regional terror alliance in Nigeria
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