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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
News
NDLEA intercepts cocaine shipment from Brazil, detains ship, 20 Filipino crew members
NDLEA intercepts cocaine shipment from Brazil, detains ship, 20 Filipino crew members
By: Michael Mike
Barely six months after 10 Thai sailors and their ship were convicted and fined $4.3 million for bringing 32.9 kilogrammes cocaine into Nigeria, operatives of the National Drug Law Enforcement Agency (NDLEA) have again intercepted another commodity laden vessel- MV Nord Bosporus marked 9760110 from the port of Santos in Brazil at the Apapa seaport in Lagos with no less than 20 kilogrammes of the Class A drug buried under its cargo.
A statement on Friday by the spokesman of the anti-narcotics agency, Femi Babafemi said the illicit drug consignment was discovered on board the vessel last Sunday by NDLEA officers who thereafter took the Master of the ship, Captain Quino Eugene Corpus and 19 other crew members who are all Filipinos into custody for investigation.
Babafemi said following the seizure and arrest of the crew members, the NDLEA filed an application for an order of court for the detention of the vessel and the 20 Filipinos on board for further investigation.

He disclosed that the motion ex-parte in suit number FHC/L/MISC/1306/25 was argued before Justice Musa Kakaki of the Federal High Court, Lagos, who on Thursday granted the application for an initial 14 days detention of the vessel, Capt. Corpus and 19 other Filipino crew members.
Babafemi said preliminary investigation revealed that this was the first time the vessel was coming to Nigeria and Africa as it’s been largely transporting coal between Colombia and Brazil while Captain Corpus has been barely three months with the ship.
He recalled that the agency had in a similar circumstance arrested 10 sailors who are nationals of Thailand on 13th October 2021 on board a vessel named MV Chayanee Naree for trafficking 32.9 kilogrammes of cocaine from Brazil into Nigeria through the Apapa seaport. Nine Nigerian suspects were also arrested along with the Thai crew members.
He said the 10 Thai sailors and the vessel were eventually convicted on Thursday 15th May 2025 by a Federal High Court in Lagos presided over by Justice Daniel Osiagor who also fined them $4.3 million.
In his reaction to the latest significant seizure of 20 kilogrammes cocaine on board MV Nord Bosporus, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (rtd) commended the officers, men and women of the Apapa Strategic Command of the agency as well as the Directorate of Seaport Operations for their vigilance, diligence and professionalism.
Marwa said the cocaine seizure is not just an operational success but “a clear demonstration of our heightened capacity and unwavering resolve”, adding that “we will continue to tighten our grip on all entry and exit points, especially our seaports, which transnational criminal organisations have historically attempted to exploit.”
According to him, “Let this be an unambiguous message to every international drug cartel and every internal collaborator: Nigeria is not, and will never be, your space or your foothold. The NDLEA is operating with zero-tolerance, and we will not permit any illicit drug to pass through our borders, whether by air, land, or sea. You may scheme, you may attempt sophisticated concealment, but you will fail. Our intelligence network, collaboration with international partners, and the dedication of our officers are steps ahead of your nefarious activities.”
He reminded any Nigerian who chooses to collaborate with foreign syndicates in the illicit drug trade of the consequences their action.
He said: “You are not just committing a crime; you are betraying your nation’s future. The consequences of aiding and abetting drug trafficking will be severe and unrelenting. We are committed to using the full force of the law to dismantle your structures, seize your illicit assets, and secure your long-term incarceration.”
NDLEA intercepts cocaine shipment from Brazil, detains ship, 20 Filipino crew members
News
NHRC Announces Programmes for 16 Days of Activism on GBV
NHRC Announces Programmes for 16 Days of Activism on GBV
By: Michael Mike
The National Human Rights Commission (NHRC) has announced its plans for the 2025 International 16 Days of Activism Against Gender-Based Violence.
The activities which commences on Monday, showed a sweeping nationwide plan and a renewed call for stronger protections for women and girls, as the Commission also marks its 30th anniversary.
Addressing journalists at a press briefing in Abuja, the Executive Secretary of NHRC, Dr. Tony Ojukwu said the anniversary provided an important moment to reflect on three decades of work advancing justice, dignity, and equality in Nigeria — while acknowledging that gender-based violence (GBV) remains one of the gravest human rights violations confronting the country.
He said: “For 30 years, the Commission has remained a steadfast voice for accountability and human rights. This year’s campaign gives us the opportunity not only to reflect on our journey but to intensify the fight against all forms of violence, especially against women and girls.”
The 16 Days of Activism — observed annually from November 25 to December 10 — is part of a global movement launched in 1991 by the Centre for Women’s Global Leadership. It links the International Day for the Elimination of Violence Against Women with Human Rights Day, symbolizing that violence against women is a direct violation of human rights.
Ojukwu noted that Nigeria remains committed to this global call.
He said: “Gender-based violence is unacceptable in every form. These 16 days remind us that survivors must be heard, supported, and protected.”
This year’s programme, one of the NHRC’s most extensive yet, includes coordinated activities across all 36 states and the Federal Capital Territory.
According to Ojukwu, the activities are designed to strengthen prevention, improve accountability, and reinforce protection structures nationwide.
Marking its 30-year milestone, the NHRC urged the National Assembly to pass legislation creating special constituencies for women — a long-standing proposal aimed at improving female representation in public office.
“Denying affirmative action is itself a form of violence against women,” the Commission emphasized. “Empowerment must include political participation.”
The Commission also highlighted multiple empowerment programmes conducted in partnership with local and international organisations. These include:Support for over 60 survivors of sexual and gender-based violence under the EU/UNDP Spotlight Initiative; Financial grants for vulnerable women in collaboration with the Taipei Trade Office; Economic empowerment for more than 100 indigent women through the Thelma Lion Foundation; Distribution of sewing machines, grinding machines, and hair dryers to over 300 women through partnerships with National Assembly members; Ongoing collaboration with the Dorothy Njemanze Foundation to support SGBV survivors.
Ojukwu said: “These interventions are meant to strengthen the socio-economic resilience of women and reduce vulnerabilities.”
He reassured Nigerians that the commission will continue to carry out its mandate with fairness and impartiality.
He said: “We will not allow gender-based violence or any human rights violation to go unaddressed. Every complaint matters, and every perpetrator must be held accountable.”
As the 16-day campaign begins, Ojukwu called on government institutions, traditional and religious leaders, civil society groups, the private sector, and individuals to join in the fight to end violence against women.
“Awareness is not enough,”Ojukwu said. “We must turn commitments into action and build a Nigeria where women and girls can live free from fear, discrimination, and harmful practices.”
NHRC Announces Programmes for 16 Days of Activism on GBV
News
IPCR: Livestock Sector Now Sits at the Heart of Nigeria’s Ecosystem
IPCR: Livestock Sector Now Sits at the Heart of Nigeria’s Ecosystem
By: Michael Mike
The Institute for Peace and Conflict Resolution (IPCR) has said the livestock sector now sits “at the heart of Nigeria’s conflict ecosystem,” influencing local economies, intergroup relations, and national security.
While Nigeria has produced multiple livestock policies over the years, speakers at the Policy Review Meeting of the Network of Policy Makers for the Support of Peace, Security and Reconciliation in Nigeria organized by IPCR in partnership with King Abdullah Bin Abdullaziz International Centre for Interreligious and Intercultural Dialogue (KAICIID), agreed that the country’s biggest challenge is not policy creation but policy implementation.
The Executive Secretary of IPCR, Dr. Joseph Ochogwu said: “Policies exist, but they often die before they leave the shelf,” echoing past criticisms that Nigeria has become a “graveyard of unimplemented policies.”
He warned that the farmer–herder conflict has evolved into a complex risk system shaped by climate pressures, land scarcity, population growth, trans-border migration, and weak governance structures. Without coordinated action, these pressures threaten to overwhelm already stretched local and national institutions.
He stressed that the success of livestock reforms will depend on effective coordination between federal ministries, state governments, local authorities, and community actors.
He said: “When institutions operate in silos, conflict fills the gap. But when federal, state, and local structures move in alignment, policy becomes a stabilizing tool.”
He described traditional rulers, pastoralist associations, farmers’ groups, and religious leaders as “indispensable partners” in the process rather than observers brought in after decisions are made.
The session also addressed growing concerns around communal violence and allegations of targeted attacks against specific religious groups. Recent claims suggesting that Christians are being systematically exterminated in Nigeria have gained international attention.
Ochogwu acknowledged the emotional weight of such claims but cautioned against narratives not grounded in verified evidence.
“Nigeria’s security challenges stem from terrorism, banditry, resource competition, and historical grievances,” he said, while adding that: “These problems affect all groups, and they require collective solutions—not divisive interpretations.”
He emphasized that Nigeria must not allow any trajectory that resembles genocide or the destruction of any community, calling for stronger early-warning systems, improved regulation of pastoral mobility, and policies that prevent local tensions from escalating into large-scale atrocities.
Participants agreed that the partnership between policymakers and faith leaders is central to preventing violence. Religious institutions, they noted, have moral authority and grassroots influence that government structures often lack, particularly in rural communities most affected by the conflict.
“This network exists because peace is not a government-only project,” the convener said. “It must be built through a multi-layered alliance of policymakers, traditional institutions, and religious leaders.”
Ochogwu highlighted four areas requiring urgent action: Strengthening vertical and horizontal coordination across federal, state, and community levels; Embedding conflict-sensitive practices into all livestock policy implementation; Ensuring inclusive engagement involving farmers, pastoralists, women, youth, and local institutions and Institutionalizing evidence-based monitoring systems that track conflict hotspots and pastoral mobility using real-time data.
IPCR reaffirmed its commitment to supporting the Federal Government through conflict analysis, policy advisory services, mediation, and early-warning mechanisms. Its partnerships with KAICIID and other international bodies, it said, are aimed at ensuring that the outcomes of these dialogues translate into tangible impact at the community level.
Participants agreed that Nigeria stands at a critical moment. Transforming livestock policy into practical action, they said, is not only a matter of agricultural reform—it is a prerequisite for national stability.
Ochogwu said: “Moving from intention to impact is the only path to sustainable peace,” note”ing that: “Strengthening coordination in the livestock sector is ultimately strengthening Nigeria itself.”
Policymakers, diplomats, and leading clerics convened in Abuja on Friday for the Second Quarter Policy Review Dialogue of the Network of Policymakers and Religious Leaders, with a renewed push to transform Nigeria’s long-standing livestock policy from paper commitments into real, coordinated action.
The meeting, held at the Institute for Peace and Conflict Resolution (IPCR) headquarters, focused on the theme “From Policy to Practice: Strengthening Coordination and Implementation of Nigeria’s Livestock Policy.” It brought together government officials, faith leaders, security experts and community representatives who described the dialogue as a crucial step in tackling the persistent farmer–herder crisis and its broader security implications.
IPCR: Livestock Sector Now Sits at the Heart of Nigeria’s Ecosystem
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