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
Women engineers urge intensified action to tackle plastic pollution

Women engineers urge intensified action to tackle plastic pollution
The Association of Professional Women Engineers of Nigeria (APWEN), on Monday, called for urgent global action to tackle plastic pollution causing environmental crisis.
APWEN, under its “STEM for All” initiative, North-East zone, made the call, while commemorating the 2025 World Environment Day in Gombe.
Speaking virtually, President of APWEN, Engr. Adebisi Osim, said it is imperative to encourage recycling of plastics, as part of measures to reduce pollution.
Osim noted that the amount of plastics manufactured annually for use had made it necessary for urgent actions to be taken, to ensure a cleaner and safer environment.
“Today’s theme, “End Plastic Pollution” is not just a catchy phrase, It is a wake-up call; a global one and we are answering that call, not with panic, but with STEM-driven solutions and people-centered action.
“According to the United Nations Environment Programme, the world produces over 430 million tonnes of plastic annually, and over two-thirds of that becomes waste.
“Alarmingly, less than 10 per cent is recycled, and the rest clogs our drains, litters our streets, chokes our rivers, and poisons marine life.
“Here in Nigeria, the World Bank estimates that Lagos alone generates 13,000 metric tonnes of waste per day, and 15 per cent of that is plastic.
“We see it daily in pure water sachets lining our gutters, single-use bags littering markets, and microplastics infiltrating our food chains,” she said
.
Osim called on stakeholders to invest more in recycling the plastics towards reducing the need for new plastic production, which will in turn lower greenhouse gas emission.
She assured that state chapters are collaborating with young people, to design plastic alternatives, using local materials, and to build waste-sorting systems using simple robotics.
Osim added that the chapters will also explore the conduct of STEM fairs, which are focused on sustainable innovation.
In the same vein, Chairman of the Gombe chapter of APWEN, Engr. Deborah Danladi, urged stakeholders to invest in plastic waste recycling, to save the environment, as well as create jobs and wealth for youths.
Danladi also underscored the need for more action and sensitisation to ensure collective approach to addressing the menace of plastic pollution.
Women engineers urge intensified action to tackle plastic pollution
News
UN Agencies Drum Support for Adequate Investment in MSMEs

UN Agencies Drum Support for Adequate Investment in MSMEs
By: Michael Mike
The United Nations (UN) agencies in Nigeria have hammered on the need for adequate investment in the development of Micro, Small and Medium sized Enterprises (MSMEs) to advance economic growth in the country.
The agencies disclosed this during the commemoration ceremony of the 2025 MSMEs Day on Monday in Abuja.
The event was jointly organised by the United Nations Industrial Development Organisation (UNIDO), International Labour Organisation (ILO), United Nations Development Programme (UNDP), United Nations Information Centre (UNIC) and World Intellectual Property Organisation (WIPO).
Director, UNIDO Sub-regional Office, Abuja, Mr. Philbert Johnson, who was represented by National Programme Officer at UNIDO, Mr. Reuben Bamidele,, said that MSMEs role in nation building cannot be underestimated, therefore the need for adequate investment to ensure their sustainable growth is of uppermost importance.
Johnson said: “We are gathered together today to discuss proper ways to promote innovation and growth within the MSMEs sector.
“In Nigeria, as we know not less than 40million MSMEs are making huge contribution to the economic growth of the country, by providing employment and serving as means of livelihood for people.
“MSMEs, thereby, contribute to the growth of Gross Domestic Products across sectors of the country’s economy. We gathered to dissect the challenges MSMEs face and also, to work closely together towards achieving sustainable growth.”
The ILO Country Representative, Dr Vanessa Phala, stressed the need for strategic measures to be taken to bolster MSMEs impact on the nation’s economy.
Phala, who was represented by ILO’s National Project Coordinator for the Social Dimension of Ecological Transition, Stephen Agugua, said: “We look at how MSMEs can drive the future of the economy through job creation and employment. When you think of job creation and employment that is where ILO comes in.
“MSMEs are key to the growth of every economic sphere: Through this dialogue platform ILO will know the challenges MSMEs are facing and look at pathways for ensuring sustainable solutions collectively.”
The UNDP Deputy-Director, Ms Varsha Redkar-Palepu, represented the National Programme Specialist and Trade Focal Point at UNDP by Claire Henshaw,, described MSMEs as pivotal to nation building.
She noted that MSMEs form the foundation of inclusive and sustainable development in Nigeria, “MSMEs are vital engines for job creation, innovation and social mobilisation, particularly for women and youths. While operating on margins of formal economic systems, we need to put MSMEs at the centre of our development.
“In Nigeria and across Africa, MSMEs holds the key to transforming economic opportunities to meaningful development and the ambition into tangible outcomes,” Phala said.
On his part, Managing-Director of Prohealth, a private organisation, Dr Chinedu Nnabuihe who spoke on behalf of the Nigeria Employers’ Consultative Association (NECA), commended the UN agencies for putting the event together.
According to him, the event is dedicated to the invaluable role MSMEs play in advancing innovation, creating jobs, increasing inclusive and sustainable economic growth across the country.
“In Nigeria, MSMEs are the engine of our economy, driving local production, supporting livelihood and contributing significantly to national GDPs. This is amidst challenges posed by economic situation, limited access to finance and infrastructure.
“Nigeria MSMEs have continued to demonstrate resilience, creativity and determination. At NECA we remain steadfast in our commitment to fostering an enabling environment in supporting MSMEs development,” Nnabuihe said.
The event attracted stakeholders from Small and Medium Enterprises Development (SMEDAN), Nigerian Association of Small Scale Industrialists (NASSI), Nigeria Association of of Small and Medium Enterprises (NASME) and Corporate Affairs Commission (CAC).
Others include, National Insurance Commission (NICOM), Nigeria Social Insurance Trust Fund (NSITF) and Abuja Chambers of Commerce and Industry (ACCI).
Highpoint of the event was visit by the stakeholders to the exhibition stand of MSMEs, overview of UNDP engagement with MSMEs, government agencies’ engagement with MSMEs and WIP-intellectual property for MSMEs.
End
News
NDLEA is Central to Africa’s Action Plan on Drug Control, Crime Prevention- AU Commission

NDLEA is Central to Africa’s Action Plan on Drug Control, Crime Prevention- AU Commission
By: Michael Mike
The Commission of the African Union has said the formulation of new action plan on drug control and crime prevention on the African continent would not be complete without inputs from the National Drug Law Enforcement Agency (NDLEA) because of its central role in law enforcement on the continent.

The AU Commission stated this on Monday during an assessment visit to the NDLEA’s National Headquarters in Abuja by a three-member delegation including the team lead Dr. Olubusayo Akinola, Head of Social Welfare, Drug Control and Crime Prevention; Dr. Abiola Olaleye, Senior Drug Epidemiology and Research Officer; and Prof. Johan Strijdom, Senior Drug Control Consultant.
The visit was to evaluate the African Union Plan of Action on Drug Control and Crime Prevention (2019-2025).
Akinola said: “We are here to understand the status of implementation of this continental action plan on drug control and crime prevention. We are in the process of re-evaluating and starting another continental action plan that will take us from 2026 to 2030. So, we have identified a few countries to understand how this action plan was actually implemented in the member states. And if there are gaps and the new and current emerging trends that we can include.
“So, we understand very well the work of NDLEA and we believe that the formulation of the new action plan will not be finalized and concluded until we have inputs from NDLEA Nigeria, because you are basically on the forefront when it comes to law enforcement on the entire continent.”
The AU Commission delegation commended the NDLEA for its sustained provision of critical and policy-relevant data, which has significantly informed and shaped the work of the Commission over the years. The visit, according to the delegation, aimed to obtain a comprehensive update on the current status of implementation of national drug control strategies, identify operational and institutional gaps, and explor#####eiiii#ehue#pp7l#######el#e7l77#e7l7#wlAfrican##wle potential areas for technical assistance, particularly in relation to capacity development, forensic science capabilities, canine detection units, and other strategic enablers of drug control efforts.
Welcoming the delegation, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (Rtd), emphasized the importance of the mission, stating that he considered it imperative to receive the team personally due to the strategic relevance of their engagement.

He said: “We are particularly pleased that the African Union is giving due weight to the implementation of the continental action plan, not merely as a theoretical exercise, but by undertaking direct field consultations with national counterparts. This grounded, evidence-informed approach will undoubtedly result in a more pragmatic and responsive framework for implementation.”
Marwa highlighted the urgency of addressing the continent’s growing drug challenge, adding that while global projections estimate a 10–11% rise in drug use prevalence, Africa is expected to experience a surge of up to 40%. “This disparity signals a looming crisis that demands coordinated and accelerated action. We deeply appreciate the AU’s leadership in this space and commend your proactive efforts,” he added.
NDLEA is Central to Africa’s Action Plan on Drug Control, Crime Prevention- AU Commission
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