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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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Troops neutralise seven terrorists, rescue hostages in Borno

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Troops neutralise seven terrorists, rescue hostages in Borno

By: Zagazola Makama

Troops of Joint Task Force (North East), Operation Hadin Kai, have neutralised seven terrorists and rescued three abducted persons during coordinated clearance and ambush operations in Konduga Local Government Area of Borno.

Zagazola Makama reliably informed that the latest encounters occurred in the early hours of Saturday under Operation Desert Sanity V.

According to the sources, troops operating in conjunction with members of the Hybrid Force and Civilian Joint Task Force (CJTF) made contact with terrorists at about 4:40 a.m. at Sojiri, a known terrorist crossing point in Konduga LGA.

“During the firefight, five terrorists were neutralised, while three hostages kidnapped by the terrorists were successfully rescued. One AK-47 rifle was also recovered,” the sources said.

They added that no casualty was recorded on the side of own troops, with no personnel killed, wounded or missing.

In a related operation, the main advancing force into terrorist territory was reported to be about four kilometres short of the crossing point at Kana after commencing movement from a harbour position.

The sources said contact was made by an ambush team between Meleri and Ngirbua, where two additional terrorists were neutralised and one AK-pattern rifle recovered.

Zagazola reports that Operation Desert Sanity V is part of sustained offensive actions by the Nigerian military aimed at degrading terrorist networks, blocking movement corridors and rescuing abducted civilians across the North East.

Troops neutralise seven terrorists, rescue hostages in Borno

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Three women killed as Bachama–Tsobo crisis resurfaces in Adamawa

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Three women killed as Bachama–Tsobo crisis resurfaces in Adamawa

By: Zagazola Makama

The killing of three Tsobo women on a dry season rice farm in Numan Local Government Area has reignited the Bachama–Chobo conflict, whose roots stretch far beyond the sound of gunfire.

Zagazola Makama report that the latest incident occurred on Friday at about 10:30 a.m. while some Tsobo women were working on their dry-season rice farm. Sources said that suspected Bachama youths stormed the farming area in large numbers and began shooting sporadically. In the process, three women were shot dead,” the source said.

The killing of the three Tsobo women on a dry-season rice farm in Numan is not an isolated tragedy. It is the latest expression of a conflict whose roots lie far deeper than gunshots, farmlands or a single failed peace meeting.

The Bachama–Chobo crisis is a classic Nigerian communal conflict, layered, historical, emotional and politically combustible where land ownership, identity, chieftaincy authority and generational amnesia have fused into a dangerous cocktail.

At its core, the crisis is not merely about who owns which farmland. It is about who belongs, who rules, and who decides the future of a shared space. For centuries, Bachama and Chobo communities lived together in Numan and its environs under a largely harmonious arrangement. Markets were shared. Water points were communal. Schools, hospitals and even marriages crossed ethnic lines. There was no rigid separation between “host” and “settler” in daily life.

That coexistence was sustained not by written treaties or court judgments, but by social contracts rooted in tradition, mutual respect and the authority of traditional institutions. Disputes over land were settled locally. Authority was recognised, even if grudgingly. Peace endured because both sides saw coexistence as more valuable than confrontation.

What has changed is not history but how history is interpreted, weaponised and transmitted to younger generations. The Bachama and Chobo tell fundamentally different origin stories, and each story carries political implications.

The Chobo present themselves as original inhabitants, landlords who accommodated Bachama migrants out of goodwill. From this perspective, the Bachama are “guests” who have overstayed their welcome and now seek to dominate both land and chieftaincy.

The Bachama counter this narrative by portraying the Chobo as mountain dwellers who were encouraged to descend into the plains, settled and supported through leased farmlands. In this account, Bachama authority is not imposed but historically earned.

Neither narrative is neutral. Each defines who has moral legitimacy, who should defer, and who has the right to rule. Once such narratives harden, compromise becomes betrayal and dialogue becomes surrender.

Investigations and community testimonies consistently point to farmland disputes involving Waduku and Rigange as the immediate triggers of violence. But land is only the spark, not the fuel. Land disputes in Nigeria rarely remain about boundaries alone. They quickly evolve into questions of identity and power, especially where farming is the primary means of survival.

For Chobo communities described as largely mountain dwellers, access to fertile plains is existential. For Bachama communities, control of land reinforces political and traditional dominance. Once farming rights are framed as existential threats, moderation disappears.

Historically, traditional rulers resolved such disputes. Today, that mechanism is broken.
The Chobo’s rejection of traditional mediation stems from their perception that the entire traditional hierarchy is Bachama-dominated, making justice structurally impossible. From their standpoint, accepting verdicts from Bachama-led institutions amounts to legitimising subordination.

The Bachama, however, see this rejection as bad faith and intransigence, especially when mediation panels include Chobo representatives. Each side believes the other is deliberately undermining peace. This mutual distrust has hollowed out traditional conflict-resolution systems, leaving a vacuum filled by courts, security forces and increasingly youth militancy.

Perhaps the most dangerous element in the crisis is generational. Older community leaders remember coexistence. Younger actors remember grievance. Many of today’s youths were born into suspicion, not solidarity. They inherited anger without inheriting context.

Slogans like “Sokoto must go” illustrate how historical migration narratives are simplified into political weapons. Such rhetoric does not seek negotiation; it seeks erasure. Once a community is told it must “return” after centuries of settlement, violence becomes not only possible but, to some, justified. Social media, music and street mobilisation have amplified these sentiments, weakening elders’ authority and making youth groups de facto power brokers.

The chieftaincy question has transformed the conflict from communal disagreement into a struggle over sovereignty. Bachama leaders insist that Chobo fall under the statutory authority of the Hamma Bachama. Chobo leaders reject this, seeing it as symbolic domination. Withdrawal of allegiance was not merely cultural, it was political defiance.

Peace talks collapsed largely because reconciliation was framed as submission rather than coexistence. Apologies demanded, loyalties reaffirmed and conditions imposed turned dialogue into a zero-sum contest. In conflicts of identity, dignity often matters more than land.

The Adamawa State Government, through peace agencies and direct intervention by Gov. Ahmadu Umar Fintiri, has made sustained efforts to mediate between the warring communities. Multiple meetings involving elders, youth representatives, traditional rulers and government officials have been held. Yet, each round of talks has ended without lasting agreement, often undermined by fresh outbreaks of violence shortly after. Curfews and security deployments have restored temporary calm, but residents say such measures amount to enforced silence rather than genuine peace.
The renewed violence has taken a heavy toll on civilians, particularly women engaged in farming and trading.

Community leaders lament that farms and markets once symbols of shared livelihood have become theatres of bloodshed. The killing of women working on rice farms has deepened fears and resentment, reinforcing the sense that the conflict has spiralled beyond control. The Bachama–Chobo crisis mirrors broader challenges across Nigeria, where disputes over land, identity and traditional authority intersect with weak dispute-resolution mechanisms and rising youth radicalisation.

Until issues of legitimacy, land access and historical grievances are addressed through an inclusive and neutral process, observers warn that violence will continue to recur.
End

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NDLEA Intercepts Drugs Hidden in Coffee Sachets, Detains 22 Indians Over Cocaine Shipment

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NDLEA Intercepts Drugs Hidden in Coffee Sachets, Detains 22 Indians Over Cocaine Shipment

The National Drug Law Enforcement Agency (NDLEA) has recorded a major breakthrough in its nationwide crackdown on drug trafficking, intercepting illicit substances concealed in coffee sachets and arresting 22 Indian nationals linked to a large cocaine seizure at the Apapa seaport in Lagos.

Operatives of the agency intercepted consignments of ketamine, ecstasy and tramadol pills hidden inside sachets of coffee mix and parcels of books destined for Zambia and the United Kingdom. The seizures were made at a courier facility in Lagos on December 24 and 29, 2025.

In a related operation, NDLEA officers arrested the entire crew of a merchant vessel, MV Aruna Hulya, after 31.5 kilogrammes of cocaine were discovered in Hatch 3 of the ship at the GDNL terminal, Apapa last Friday . The vessel had arrived from the Marshall Islands.

Those taken into custody include the ship’s master, Sharma Shashi Bhushan, and 21 other Indian crew members, all of whom are being investigated for their alleged roles in the trafficking attempt.

Meanwhile, in Oyo State, NDLEA operatives arrested a notorious female drug dealer, 65-year-old Fatima Ilori, popularly known as Mama Kerosine, following an intelligence-led operation in Ibadan. The suspect, described as a major distributor of illicit drugs in the state, was apprehended on December 29, 2025, alongside another woman, Olusanya Abosede, 35. The arrest followed the seizure of 238.4 kilogrammes of skunk linked to the drug network.

In Borno State, the agency disrupted supply routes feeding illicit drugs to insurgents with the arrest of two suspects and the seizure of large quantities of tramadol.

A suspect, Isa Mohammed, 26, was arrested along the Maiduguri–Gamboru Ngala road with 9,150 ampoules of tramadol injection, while Musa Samaila, 30, was nabbed at Biu market with 34,000 tramadol capsules on the same day.

The spokesman of the anti-narcotics agency, Femi Babafemi in a statement on Sunday, said additional seizures were recorded across several states. He said in Lagos, operatives recovered about 400 kilogrammes of skunk and a van at the Mobolaji Johnson area on New Year’s Day. In Jigawa State, a suspect, Bilya Ibrahim, 39, was arrested at a motor park in Hadejia while attempting to transport 260 compressed blocks of skunk weighing 140.8 kilogrammes from Taraba State to Yobe State.

In Kwara State, NDLEA officers recovered 238.5 kilogrammes of skunk from a suspect’s residence in the Asadam area of Ilorin. Another suspect, Abubakar Rabiu, 32, was arrested at Bode Saadu in Moro Local Government Area with 32,000 pills of tramadol and diazepam last Wednesday.

Babafemi noted that beyond enforcement operations, the agency intensified its War Against Drug Abuse (WADA) sensitisation campaigns during the week, reaching schools, youth groups, worship centres and communities in states including Katsina, Lagos and Niger.

Commending the officers involved in the operations, NDLEA Chairman and Chief Executive Officer, Brigadier General Buba Marwa (rtd), urged commands nationwide to sustain and strengthen the agency’s drug control efforts.

NDLEA Intercepts Drugs Hidden in Coffee Sachets, Detains 22 Indians Over Cocaine Shipment

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