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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
Nigerian military precision strikes neutralise 19 terrorists in Ngala, Borno
Nigerian military precision strikes neutralise 19 terrorists in Ngala, Borno
By: Zagazola Makama
The Nigerian military has neutralised at least 15 suspected terrorists in a series of precision airstrikes targeting insurgent positions around Bulabulutube in Ngala Local Government Area of Borno State.
Security sources said the strikes were conducted at about 7:56 p.m. on Nov. 8, following aerial surveillance that identified approximately 30 terrorist fighters gathered under a tree in the area.
The military aircraft subsequently carried out a precision strike on the identified target.
Battle Damage Assessment (BDA) indicated that about 15 terrorists were neutralised, while parts of a nearby building were destroyed.
The aircraft subsequently tracked another group of five fleeing terrorists who had taken cover under a tree and conducted a second precision strike.
The assessment revealed that about four additional terrorists were neutralised, while a secondary explosion was observed, suggesting the possible destruction of explosive materials or other military supplies.
In a related operation, the aircraft proceeded towards the Lake Chad area following intelligence on a suspected terrorist logistics structure located at a crossing point.
A further precision strike was conducted on the structure, which was assessed to have been completely destroyed, with no subsequent movement observed around the location.
The successive strikes represent another significant blow to terrorist formations and logistics networks operating within the Lake Chad axis.
The military continues to sustain intelligence-led aerial surveillance and precision operations aimed at degrading terrorist capabilities, disrupting their supply networks and denying insurgents safe havens across the North-East.
Nigerian military precision strikes neutralise 19 terrorists in Ngala, Borno
News
Nigeria, India Sign Landmark Human Rights Pact, Fagbemi Backs Stronger Institutional Independence
Nigeria, India Sign Landmark Human Rights Pact, Fagbemi Backs Stronger Institutional Independence
…AGF pledges justice ministry’s support for implementation, demands practical safeguards for citizens in AI era
By: Michael Mike
Nigeria and India have signed a bilateral agreement to strengthen human rights protection, institutional capacity and access to justice, with the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, pledging the Federal Government’s support for its implementation.
Fagbemi, who described the agreement as a strategic partnership between the two countries, said its success would ultimately be measured by its impact on ordinary citizens, particularly vulnerable and marginalised groups seeking justice.
The agreement, executed between the National Human Rights Commission (NHRC) of Nigeria and its Indian counterpart, is designed to deepen institutional cooperation, facilitate knowledge transfer, promote technical exchanges and strengthen operational capacity in addressing human rights violations.
The Attorney-General gave the government’s position on Tuesday in Abuja when he received a joint delegation of the two commissions at the Federal Ministry of Justice, describing the partnership as timely, particularly in an increasingly interconnected world where effective human rights protection requires stronger legal frameworks, institutional collaboration and respect for the rule of law.
The development followed a high-level engagement between the two commissions and the Chief Justice of Nigeria (CJN), at the Supreme Court Complex, Abuja, on Monday, as part of a two-day working visit by the Indian delegation.
The Nigerian delegation was led by the Executive Secretary of NHRC, Chief Tony Ojukwu, SAN, OFR, while the Indian delegation was headed by the Chairperson of India’s NHRC, Justice V. Ramasubramanian, accompanied by the Commission’s Joint Secretary, Mr. Samir Kumar.
Fagbemi said the partnership brought together two major democracies with shared common-law traditions, diverse populations and dynamic constitutional frameworks, expressing satisfaction with the thematic areas identified for cooperation under the agreement.
He specifically highlighted access to justice and the protection of digital rights as critical areas requiring urgent attention, particularly as emerging technologies, including Artificial Intelligence, continue to reshape society and create new human rights concerns.
According to him, both countries must develop legal safeguards to protect data privacy, prevent algorithmic bias and safeguard civic space, while ensuring that technological advancement does not undermine fundamental freedoms.
He said the Ministry of Justice expected the two commissions to produce actionable research and policy recommendations capable of addressing these emerging challenges.
Beyond emerging technologies, the Attorney-General stressed that Nigeria’s commitment to human rights must be reflected in the practical implementation of constitutional guarantees and international obligations, rather than merely in the existence of legal provisions.
He cited the African Charter on Human and Peoples’ Rights, which Nigeria domesticated through the African Charter on Human and Peoples’ Rights (Ratification and Enforcement) Act, Cap. A9, Laws of the Federation of Nigeria 2004, as a major instrument underpinning the country’s human rights jurisprudence.
The Charter provides important protections relating to non-discrimination, human dignity, fair trial and personal liberty, reinforcing the fundamental rights guaranteed under Nigeria’s Constitution.
Fagbemi maintained that the true measure of a country’s commitment to human rights was its ability to translate constitutional provisions into accessible institutions, accountable public authorities and an independent judiciary.
He assured the Indian delegation that the Federal Ministry of Justice fully supported the bilateral initiative and was prepared to facilitate technical engagements, joint legal reviews and policy consultations aimed at improving the efficiency of the justice sector.
The Attorney-General also used the engagement to reaffirm the institutional independence of Nigeria’s National Human Rights Commission, stressing that its autonomy was essential to its credibility and effectiveness.
He specifically drew attention to Section 6(3) of the National Human Rights Commission (Amendment) Act, 2010, which provides that the Commission, in exercising its statutory functions, shall not be subject to the direction or control of any other authority or person.
According to him, the administration has continued to respect and protect the Commission’s statutory independence, describing it as fundamental to institutional integrity.
He further noted that the relationship between the NHRC and the Federal Ministry of Justice had been characterised by constructive institutional synergy, mutual respect and a shared commitment to advancing human rights.
The Attorney-General commended Ojukwu and the Nigerian commission for spearheading the bilateral initiative, while expressing appreciation to the Indian delegation for bringing its expertise and institutional experience to the partnership.
Earlier, during Monday’s engagement with the Chief Justice of Nigeria, the Executive Secretary of NHRC Nigeria had emphasised the complementary responsibilities of the judiciary and national human rights institutions in protecting fundamental freedoms, upholding the rule of law and ensuring access to justice.
Ojukwu identified complaint management, Alternative Dispute Resolution, security sector accountability, comparative legal research, digital rights, Artificial Intelligence ethics and environmental justice as priority areas for cooperation between both countries.
The Chief Justice reaffirmed the commitment of the Nigerian Judiciary to human rights protection and encouraged both commissions to exchange experiences and adopt best practices, particularly in strengthening safeguards for vulnerable groups, including women, children and persons with disabilities.
The Indian delegation described the engagement as significant to relations between the two countries, noting that the MoU represented a first-of-its-kind institutional partnership for India’s National Human Rights Commission.
The agreement is expected to promote sustained institutional exchanges, strengthen complaint-handling mechanisms, improve professional capacity and encourage comparative research into legal and policy approaches to human rights protection.
The partnership also comes at a time when national human rights institutions face increasing demands to address abuses linked to security operations, discrimination, environmental degradation, digital surveillance and the misuse of emerging technologies.
For Nigeria, the collaboration offers an opportunity to strengthen its human rights enforcement architecture through international knowledge-sharing while reinforcing the independence and operational effectiveness of its national commission.
Fagbemi, however, cautioned that the ultimate benchmark of the agreement must go beyond official engagements and institutional exchanges to deliver tangible improvements in the lives of citizens, especially those most vulnerable to violations and denied access to justice.
He wished the Indian delegation a productive stay in Nigeria and expressed confidence that the partnership would advance the shared commitment of both countries to human dignity, justice and the protection of fundamental rights.
Nigeria, India Sign Landmark Human Rights Pact, Fagbemi Backs Stronger Institutional Independence
News
NSCDC Strengthens Gender Policy Implementation, Trains Officers on SGBV, Digital Safety
NSCDC Strengthens Gender Policy Implementation, Trains Officers on SGBV, Digital Safety
By: Michael Mike
Corps partners SPRING, FCDO, TechHer to promote women’s participation in peacebuilding, tackle technology-facilitated violence
The Nigeria Security and Civil Defence Corps (NSCDC) has intensified efforts to combat sexual and gender-based violence (SGBV), strengthen women’s participation in security decision-making and promote digital safety among young people through the implementation of its Gender Policy II.
The Commandant-General of the Corps, Prof. Ahmed Audi, stated this at a two-day Gender, Women, Peace and Security capacity-building training organised at the NSCDC College and Support Staff Service, Udege, Nasarawa State.
The training was organised in collaboration with Strengthening Peace and Resilience in Nigeria (SPRING), with support from the United Kingdom’s Foreign, Commonwealth and Development Office (FCDO).
Audi, who delivered his keynote address through a representative, said the policy provided a framework for mainstreaming gender considerations into the Corps’ operations, personnel management, leadership structure and community engagement.
He stressed the need for effective prevention and response to sexual and gender-based violence, including conflict-related abuses and technology-facilitated violence.
The Commandant-General also called for increased participation of women in peacebuilding and security decision-making, equal opportunities within the Corps and stronger partnerships with traditional institutions, government agencies, civil society organisations and development partners.
He urged commands and personnel, particularly Gender Desk Officers, to ensure effective coordination, timely reporting, appropriate referrals, monitoring and accountability in handling gender-related cases.
Audi described the implementation of the policy as a collective responsibility requiring sustained commitment across all levels of the Corps.
In a goodwill message, the Osu Ajiri of Edege Chiefdom, Alhaji Suleiman Ahmed Eko IV, commended the NSCDC for its presence in the community, saying its operations had strengthened the sense of security among residents, particularly farmers.
The traditional ruler pledged the support of his council in addressing gender-based violence, describing the protection of the community as a priority.
Earlier, the Commander of the College, ACG Jamilu Indabawa, said collaboration among relevant stakeholders was critical to achieving effective implementation of the gender policy.
The Gender Equality, Diversity and Social Inclusion Lead of SPRING, Mrs Amina Akano-Bello, said the training was designed to promote peaceful and resilient communities through early identification and response to gender-based violence, as well as the inclusion of women and young people in leadership.
Also, the NSCDC National Headquarters Gender Unit Adviser, DCC Ajet Kemi, provided participants with insights into the different forms of sexual and gender-based violence, their societal implications and preventive measures.
A retired Assistant Commandant-General, Ahmed Abodurin, who facilitated a session on institutional ethics in gender policy implementation, emphasised professionalism, accountability, gender sensitivity and adherence to institutional standards.
Beyond the capacity-building exercise, the Corps partnered TechHer, an organisation promoting women’s advancement through technology, to extend digital safety awareness to schools in Udege.
The outreach, themed “Stop Technology-Facilitated Gender-Based Violence”, educated students on the dangers of digital abuse, responsible online behaviour and measures for staying safe in digital spaces.
Representatives of the Federal Ministry of Interior, Nasarawa State Ministry of Women Affairs and Social Development, Nasarawa State Ministry of Justice and Gammuo International also delivered goodwill messages, reaffirming the importance of collective action in advancing gender equality, peace and security.
NSCDC Strengthens Gender Policy Implementation, Trains Officers on SGBV, Digital Safety
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