Connect with us

News

Zulum: Boko Haram left Borno with bank branches in two of 27 local governments

Published

on

Zulum: Boko Haram left Borno with bank branches in two of 27 local governments

By Michael Mike

There are banks in two of 27 local government areas of Borno State as a result of over a decade Boko Haram crisis in the state.

This was disclosed by the governor of the State, Prof. Babagana Zulum, while ordering for the immediate establishment of branches of Microfinance Bank, as well as ICT centres across the all councils of the state to enable for exchange of old currency notes to new ones.

The governor gave the directive to the State Ministry of Finance and that of Higher Education, Science, Technology and Innovation following the CBN’s policy on changing of old notes to new ones.

He noted that there are absence of banking services across 25 out of 27 Local Government Areas due to over 12 years of killings and destructions by Boko Haram insurgents.

The governor announced the microfinance measures on Wednesday in Maiduguri during an extraordinary stakeholders meeting which was attended by the Shehu of Borno, Abubakar Umar Garbai Elkanemi, represented by the Waziri of Borno, Mustapha Waziri Muktar.

Zulum directed that where possible, branches of the microfinance bank should start being established this week in Monguno and Gwoza Local Government Areas.

Zulum said: “At the moment we only have two LGAs with banking services and these are Maiduguri and Biu. The distance from most of the local governments to either Maiduguri or Biu is too long”

He added that: “Despite a great improvement of the security in Borno, there are still challenges for banks to start operations. Banking is a very delicate industry and I am sure none of them is willing to take the risk of establishing branches in our LGAs for now. Therefore, to support our people, Borno State Government has to take the risk. I have directed the ministry of finance to ensure the recapitalization of Borno Renaissance Microfinance Bank to qualify it to have the capacity to open branches in all the 27 LGAs. This I believe will greatly alleviate the suffering of our people.”

Zulum also directed the Ministry of Finance to immediately come up with a template to organize and ensure people in rural communities deposit their old naira notes before the 31st of January deadline.

Zulum told the stakeholders that: “I have convened this meeting to discuss how our people in the villages can get easy windows of depositing their money to the bank accounts as stipulated in the CBN’s new policy. The Ministry of Finance is hereby directed to moblize the people and ensure nobody lost his money, you should facilitate ways through which people can voluntarily deposit their money into the banks in the remaining days.”

Zulum also directed the Ministry of Higher Education, Science, Technology and Innovation to support mobile telecommunication providers towards improving their network coverage for internet connectivity across all 27 local government areas.

The meeting had in attendance, members of the Borno State House of Assembly, Commissioners, Advisers, Local Government Chairmen and other critical stakeholder.

Zulum: Boko Haram left Borno with bank branches in two of 27 local governments

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Russia Strengthens Strategic Ties with Sahel States Amid Geopolitical Shifts

Published

on

Russia Strengthens Strategic Ties with Sahel States Amid Geopolitical Shifts

By: Zagazola Makama

Russia has reaffirmed its commitment to strengthening ties with Mali, Burkina Faso, and Niger, as Foreign Minister Sergei Lavrov hosted his counterparts from the three Sahel states in Moscow. The high-level meeting signals deepening cooperation in security, economic development, and diplomatic coordination, amid shifting global alliances and the growing influence of the Alliance of Sahel States (AES).

The discussions, held in a quadrilateral format for the first time, focused on enhancing military collaboration, investment opportunities, and regional security strategies. Lavrov welcomed the delegation, emphasizing Russia’s support for the sovereignty of the three nations as they seek to assert independence in their policymaking and security frameworks.

“We appreciate the determination of your countries to build a new regional security architecture based on your own strengths while remaining open to mutually beneficial cooperation,” Lavrov said. He commended the “dynamic integration” efforts within the AES and highlighted ongoing projects in trade, finance, infrastructure, and human resource development.

The visit comes amid rising geopolitical tensions and the Sahel states’ increasing shift away from Western partnerships. Following military takeovers in Mali, Burkina Faso, and Niger, the three countries have strengthened ties with Russia, particularly in military cooperation and counterterrorism efforts. They have also distanced themselves from the Economic Community of West African States (ECOWAS), forming the AES as a regional bloc focused on collective security and economic cooperation.

Lavrov noted that Russia is ready to support the AES beyond bilateral engagements, stating that collaboration would extend to international platforms, including the Russia-Africa Forum. The next ministerial meeting of the forum is expected to take place in Africa later this year, ahead of the 2026 Russia-Africa Summit.

In his remarks, Mali’s Foreign Minister, Abdoulaye Diop, reaffirmed his country’s commitment to strengthening ties with Russia, underscoring the importance of strategic alliances in addressing security and development challenges.

The meeting marks a new phase in Russia’s engagement with Africa, particularly in regions seeking alternative partnerships. As the global political landscape evolves, the AES-Russia partnership is expected to influence security dynamics and economic cooperation in the Sahel and beyond.

Russia Strengthens Strategic Ties with Sahel States Amid Geopolitical Shifts

Continue Reading

News

Man Killed in Accidental Shooting During Joint Security Operation in Adamawa

Published

on

Man Killed in Accidental Shooting During Joint Security Operation in Adamawa

By: Zagazola Makama

A tragic incident occurred on April 3, 2025, during a joint security operation in Girei Local Government Area (LGA) of Adamawa State.

The operation, which involved personnel from the Police, Military, Department of State Security Services (DSS), and Nigerian Security and Civil Defence Corps (NSCDC), aimed to raid criminal hideouts in the area.

Intelligence sources told Zagazola Makama that during the operation, one of the security personnel accidentally discharged their firearm, striking 21-year-old Bara Adamu of Wuro Bulama, Girei LGA.

The victim was immediately rushed to Specialist Hospital for medical attention but was sadly confirmed dead by the doctor on duty.

Man Killed in Accidental Shooting During Joint Security Operation in Adamawa

Continue Reading

Crime

Armed Bandits Kill One in Attack on Commercial Vehicle in Sokoto

Published

on

Armed Bandits Kill One in Attack on Commercial Vehicle in Sokoto

By: Zagazola Makama

On April 3, 2025, at approximately 1130 hours, a group of armed bandits riding motorcycles, opened fire on a commercial vehicle traveling from Kebbi to Sokoto.

The attack resulted in the death of one Dan Gande Usman, who was shot in the head. The victim succumbed to his injuries while being transported to the hospital.

In response to the attack, troops of Operation FANSAN YANMA were deployed to the area to ensure sanity.

Armed Bandits Kill One in Attack on Commercial Vehicle in Sokoto

Continue Reading

Trending

Verified by MonsterInsights