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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
Group demands zoning of Gombe Central Senatorial seat to Yamaltu/Deba
A sociocultural group under the auspices of Nyimatli Development Association (NDA) has demanded that the 2027 senatorial seat of Gombe Central be zoned to Yamaltu Deba Local Government Area of the State.
Speaking at a news conference on Monday in Gombe, Mr Emmanuel Usman, the secretary of the group in the company of other executive members said the demand was from the entire people of Yamaltu Deba LGA.
Usman said the demand was a necessary step for equity, unity, justice and inclusiveness.
He stated that since Gombe Central has two Local Government Areas of Akko and Yamaltu Deba and Akko has held the seat for 16 years, zoning it to Yamaltu Deba would ensure parity and correct the zoning imbalance.
“Akko has held the seat for too long and it is our turn to ensure equitable representation; this is the message from the Tera people and the people of Yamaltu Deba.
“The people of Yamaltu Deba LGA are concerned about the issue of representation at the National Assembly particularly at the Senate.
“Yamaltu Deba is in Gombe Central Senatorial District and the district is owned by Akko and Yamaltu Deba and by extension this seat should go round between the two LGAs in the zone.
“When we returned into the present democratic era, the first senator was from Akko who served for four years and then it returned to Yamaltu Deba, for another four years.
“Until it came to the time when Senator Danjuma Goje, from Akko became senator and he has served four consecutive terms that is for 16 years, without it being returned to Yamaltu Deba.
“We feel as a people if we own this seat collectively, equity and justice should have been the right thing and if Akko has enjoyed 16 years, it should now be returned to Yamaltu Deba,” he said.
Usman said that the people of Yamaltu Deba were already feeling maginalised not because the current senator Goje lacked competence or representation, but because they have been denied the right to represent the district.
He said the LGA has a lot of competent politicians and technocrats who could effectively represent the Senatorial District and fast track development.
Usman pleaded with Goje not to contest the 2027 senatorial seat but allow Yamaltu Deba in the spirit of “our unwritten consensus” for turn taking in representation.
“We have supported Goje, voted for him and given him the platform to lead, it is now time for him to return the favour and step aside for others from Yamaltu Deba to occupy the senate seat.”
He also appealed to Gov Inuwa Yahaya of Gombe State as the party leader of the All Progressives Congress (APC) in the state to listen to their plea towards ensuring fairness, inclusion and justice.
Group demands zoning of Gombe Central Senatorial seat to Yamaltu/Deba
Eight aspirants eye Governor Buni’s seat in Yobe
By: Yahaya Wakili
As 2027 general elections are approaching, over 8 aspirants from the three senatorial districts of Yobe state are jostling for the governorship ticket of the All Progressives Congress (APC) in the 2027 general elections.
Notably among them are the current Secretary to the Yobe State Government and the longest SSG in Northeastern Nigeria, Alhaji Baba Mallam Wali (BMW) mni; the former Senate President of the Federal Republic of Nigeria and the longest member at the National Assembly since 1999 up to date and the current Senator for the Yobe North Senatorial District, Senator Ahmed Ibrahim Lawan, GCON (SAIL), Sardaunan Bade; and Senator Mohammed Ibrahim Bomai (MIB), two-term Senator for the Yobe South Senatorial District and Madakin Fika Emirate Council.
Others notable among them include Senator Musa Mustapha (COOLERS), current Senator of the Yobe East Senatorial District; Engr. Abubakar D. Aliyu, former Deputy Governor of Yobe State and former Minister of Power and Jarman of the Pataskum Emirate Council; and Kashim Musa Tumsah, a lawyer and diplomat, and hosts of others. The All Progressives Congress (APC) has been ruling the state since the return of democracy in 1999 or since the creation of the state. Muhammad Abba, a political analyst in the state, revealed that we are advising the party stakeholders in the state that if they want the party to continue ruling the state, they should adopt the rotation or zoning formula so that every senatorial district will benefit from the governorship seat in the state.
Dr. Garba Adamu, also a political analyst in the state, said rotation or zoning is the best option for the APC in the state, adding that since the creation of the state, Zone A, or the Yobe East Senatorial District, for a long time has held the power or has produced the governor, and the Yobe South Senatorial District has produced only one governor, Mamman B. Ali, who spent only 18 months in office before he died. But in the Yobe North Senatorial District, Zone C, they never produce anything else, neither the governor nor the deputy; they never get the opportunity or the chance.
He added that, but this time around if the party wants to win the election easily without facing any challenges from the opposition party, they should reintroduce the zoning system because it will encourage the electorates to come out en masse to vote for the party, especially from Zone C, because they picked its son to be the party candidate. However, he said the best candidate from the zone, who would win the election 100%, is Alhaji Baba Mallam Wali (BMW), the current secretary to the state government; he has the capacity, and he has the experience to handle the affairs of the state because of his long experience in administration.
According to him, the election of Baba Mallam Wali as the fifth democratically elected governor of Yobe State will steady impactful walks through the corridors of power at both local and state levels. He is a man blessed with a character of humility, sympathy, and accessibility and a genius in letting go of what rightfully and lawfully belongs to him for peace to reign. However, BMW’s plan is to continue building on what they call the “Renewed Hope and Vision of Governor Mai Mala Buni and the legacy of His Excellency, Senator Ibrahim Geidam,” aimed at delivering a better life for residents of Yobe State.
“Baba Mallam Wali’s agenda is anchored on People-Oriented Development (POD), a strategy designed to ensure that government decisions directly continue to improve the daily lives of citizens. Alhaji Idris Musa, also a political analyst in the state, reiterates his call to the APC-led administration in Yobe State to adopt the rotation formula aimed to balance its political equations, adding that if care is not carefully taken in Yobe politics this time and if they fail to implement the zoning formula, they will face the consequences because likely the opposition party will win the election, because the two senatorial zones will react, especially Zone C and Zone B.
Zone C deserved to pick the governorship ticket of Yobe State in 2027, and if there is fairness, equity, and justice in the 2027 election, then from Zone C, the current Secretary to the State Government, Alhaji Baba Mallam Wali MNI, is capable and has the capacity to hold the ticket, and he will deliver, inshallah.
Eight aspirants eye Governor Buni’s seat in Yobe
Reprisal attack leaves two dead as plateau govt imposes curfew in Jos
By: Zagazola Makama
A reprisal attack has claimed the lives of two persons in Jos North Local Government Area of Plateau State, following an earlier shooting incident along the Jos–Bauchi highway.
A security source said the incident occurred on March 29 at Angwan Rukuba junction, where residents allegedly carried out retaliatory attacks on passersby after a morning assault by gunmen.
According to the source, the initial attack, which occurred at about 7:30 a.m., involved assailants who drove on a vehicle and opened fire on commuters, killing several persons and injuring others before fleeing the scene.
Security sources blamed the attack on cultist, while some blame it on the fulani bandits, sone said they are Boko Haram while some maintain that the attackers were some criminal elements because they fled in a vehicle.
Sources however said that in the aftermath of the shooting, some aggrieved residents reportedly attacked unsuspecting passersby on the highway, resulting in the death of two persons,” the source said.
He added that the situation created heightened tension in the area, with fears of further escalation.
The situation further compounded after a Foreigner went to the scene of the accident to demonstrate and threatened to President Bola Ahmed Tinubu, saying will regret what he was doing for not admitting Christian Genocide.
The Plateau State Government subsequently imposed an immediate 48-hour curfew to restore calm and prevent additional reprisal attacks.
The source said casualties from the incidents had been evacuated to the Jos University Teaching Hospital (JUTH), while security agencies had commenced investigations to identify and apprehend those responsible.
He noted that no arrests had been made as of the time of filing this report.
The source further stressed the need for sustained security presence and community engagement to de-escalate tensions and prevent a breakdown of law and order.
Security agencies have also intensified patrols and surveillance in the area, as efforts continue to restore normalcy and ensure the safety of residents.
Reprisal attack leaves two dead as plateau govt imposes curfew in Jos
Group demands zoning of Gombe Central Senatorial seat to Yamaltu/Deba
Eight aspirants eye Governor Buni’s seat in Yobe
Reprisal attack leaves two dead as plateau govt imposes curfew in Jos
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