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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
As Act of Compassion Lets All go out and Donate Blood to Save Lives” Senator Oluremi Tinubu CON

As Act of Compassion Lets All go out and Donate Blood to Save Lives” Senator Oluremi Tinubu CON
By: Our Reporter
World Blood Donor Day, observed every year across the globe, was established in 2004 by the World Health Organization (WHO) in collaboration with the International Federation of Red Cross and Red Crescent Societies (IFRC). The day aims to raise public awareness about the need for safe blood and blood products, highlight their impact on patients’ lives, encourage regular blood donation and recognize the invaluable contributions of voluntary unpaid blood donors in saving lives.
Marked with different themes each year on the 14th of June, World Blood Donor Day has become a significant event in global health with various activities and campaigns organized worldwide to promote blood donation.

The theme for 2025, “Give blood, Give hope: together we save lives,” highlights the message of hope that every drop of donated blood carries.
In commemoration of the day, the First Lady of the Federal Republic of Nigeria, Senator Oluremi Tinubu, took part in the Abuja City Marathon Walk, from Millennium Park to Eagle Square. Represented by the Wife of the Vice President, Hajiya Nana Shettima, the First Lady encouraged Nigerians to donate safe blood.
In her remarks, Hajiya Nana Shettima stated:
“As we run side by side, walk in solidarity, and come together as one, we honour the selfless gift of blood donation a powerful act that brings healing, offers hope, and saves lives.”

Senator Oluremi Tinubu expressed hope that the marathon would mark the beginning of a movement where voluntary blood donation becomes a norm in every Nigerian community. She encouraged people to embrace the noble act of blood donation, noting that it carries the power to heal and often makes the difference between life and death for a mother in childbirth, a road accident victim, or a patient undergoing surgery.
The Minister of Health, Dr. Ali Pate, represented by Dr. Jimoh Salaudeen, Director of Hospital Services, stated that the day serves as an opportunity to raise awareness about blood donation as a testament to community compassion. He called for increased community efforts to donate blood in order to meet the life-saving demand for blood nationwide.
Dr. Pate further noted that the Federal Government has provided adequate funding to the National Blood Service System, established centers across various states, and launched several initiatives to bridge the gap in blood supply and management.
The Director General of the Nigeria Blood Service Agency, Professor Saleh Yuguda, while acknowledging the generosity of volunteers in saving lives, emphasized the need for safe blood donation. He stressed the importance of building a sustainable pool of donors sufficient to meet the needs of patients requiring transfusions.

According to Professor Yuguda, Nigeria is among the countries facing a shortage in blood supply. Despite needing two million units of blood annually, the country collects only half of that amount, leading to avoidable deaths — not due to lack of treatment, but because of the unavailability of blood in many cases.
He emphasized that developing a culture of regular, voluntary blood donation is crucial to improving the situation.
In a goodwill message, the World Health Organization, one of the key development partners, hailed blood donors as the heroes of our society.
Climax of the Event included Honors for Highest Blood Donors , Medals for the winners of Abuja City Marathon, unveiling of NBSA magazine as well as individuals Donating Blood to the NBSA blood bank.
As Act of Compassion Lets All go out and Donate Blood to Save Lives” Senator Oluremi Tinubu CON
News
We launched a policy on displaced persons to address the challenges of IDPs in Yobe—Governor Buni

We launched a policy on displaced persons to address the challenges of IDPs in Yobe—Governor Buni
By: Yahaya Wakili
Governor Mai Mala Buni of Yobe State has revealed that his administration launched the State Policy on Internally Displaced Persons to address the challenges faced by the IDPs.
He further said his administration has allocated five percent of the state budget to provide more infrastructure and facilitate the resettlement and integration of IDPs with dignity.
Governor Buni stated this while receiving the Chief of Mission IOM UN Migration in Nigeria, Sharon Dimanche.
He assured more partnership with the International Organization for Migration (IOM), a UN migration organization, to enhance the resettlement, reconstruction, and recovery program of the state government.
According to Buni, the government has invested in education, agriculture, healthcare delivery, roads, electricity, and water supply to fast-track the resettlement and recovery process of the government.
“I am happy this has worked for us, and we do not have an IDP camp in the state, as our displaced persons have been resettled with dignity, which has become a point of reference,” Buni said.
Speaking earlier, the Chief of Mission, Sharon Dimanche, commended Governor Buni for his commitment to the cause of displaced persons in Yobe State. She reiterated the commitment of IOM to partner with the Yobe State government to improve the lives of the people.
She revealed that “it takes a leader with a special heart to show such great concern for the resettlement of displaced persons with dignity.”
We launched a policy on displaced persons to address the challenges of IDPs in Yobe—Governor Buni
News
Plateau Killings: Community Leader Calls for Collaborative Action of Political Leaders to Tackle Escalating Herdsmen Attack

Plateau Killings: Community Leader Calls for Collaborative Action of Political Leaders to Tackle Escalating Herdsmen Attack
By: Michael Mike
A community leader in Plateau, Chief Yohana Margif has called on the state governor, Caleb Mutfwang and members of the National Assembly from the state to join hands and end the escalating herdsmen attacks on parts of the state, especially Mushere community.
He made the plea at a news conference in Abuja on Saturday, stressing that there was urgent need for collective action by political leaders to save Plateau people from the herdsmen’s relentless killings.
Margif, the Waziri Mushere of Mushere Chiefdom, Bokkos Local Government Area, also appealed to the Federal Government and the international community for support and urgent intervention to save the people’s lives.
According to him, the timing of the attacks, particularly during the farming season, and harsh weather conditions, has exacerbated the suffering of the victims, who are largely rural farmers.
The community leader further said that so many villages in Mushere Chiefdom, such as Kadim, Hokk, and Nawula, among others, had already been ravaged and sacked by the marauding herdsmen.
He said: “These attacks culminated in countless loss of lives, destruction of homes, displacement of inhabitants, whose lands were now occupied by the herders, depriving them access to their ancestral homes and livelihoods.
“The situation demands immediate attention, and I appeal to Gov. Caleb Mutfwang, the Federal Government, our National Assembly members, security chiefs, other critical stakeholders, and the international community for support in bringing an end to this violence.
“The current escalation of attacks and wanton killings across Plateau State necessitates collective action to restore peace and security.”
Margif also noted that the herders were emboldened by the lack of effective response from the authorities, hence the killings and land grabbing were replicated in several communities across Plateau.
He said: “As leaders, we cannot stand idly by while our people are being brutalised and our lands taken over. Our people cannot perish in silence, we must take decisive action to save them and restore peace and security.
“The cries of our people seem to fall on deaf ears, and it is imperative that we, as leaders, take urgent action to address this situation.
“The killings and land grabbing from one community to another, is not a good testament to our leadership, so we must urgently collectively intervene and stem the spread of bloodshed.”
The community leader also proffered some measures that would bring about the immediate cessation of hostilities and the restoration of peace in the affected areas.
He suggested an immediate change of strategy by the government and relevant security agencies, stressing that “the business-as-usual approach of doing the same thing in the same way would only culminate in the same outcome.”
Plateau Killings: Community Leader Calls for Collaborative Action of Political Leaders to Tackle Escalating Herdsmen Attack
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