News
ATMs in Nigeria run dry due to short supply of new naira notes
Banks in Nigeria are running short of new naira notes, about four days to the deadline set by the Central Bank of Nigeria for old notes to be phased out.
This is coming as more people including traders have started rejecting the old N1,000, N500 and N200.
Some commercial banks still give old notes to their customers for Over- the- Counter Withdrawals (OTC) while very few Automated Teller Machines (ATMs) dispense the new naira notes.
Some officials of the commercial banks in major cities including Abuja and Lagos told customers they could only withdraw a maximum of N20,000 of the new notes while old notes are still being given to customers for withdrawals in the banking halls, against the directive of the CBN.
Daily Trust reported that the CBN had directed customers to start rejecting old naira notes from banks, insisting that the old notes cease to be legal tender by January 31 as earlier stipulated.
Our reporter who went to withdraw new notes was given old naira notes at a popular bank in the Garki Area of the FCT.
The bank officials simply told our reporter that “The central bank did not supply them and the little supply they have is what they load at ATMs in order to obey the CBN directive.
“Immediately the ATMs are loaded, customers rush immediately to exhaust the little cash in it.”
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Another bank Customer in Kano, Salihu Bello said “He was in the banking hall on Thursday where a customer was making trouble because he needed new cash to pay his own staff (labourers). The bank tellers said they didn’t have what they had expected to get today but they were not supplied. The bank is still paying old currencies”
Also another bank Customer, Ruth Tene stated that “Most banks today are claiming they don’t have cash to pay customers today, particularly Zenith Bank and GT Bank, Jabi all the same case,”
Meanwhile, Daily Trust observes that business owners in major markets and supermarkets have begun to reject the old naira notes.
At the popular Wuse Market in Abuja, Bashir Isa, a resident of the area who went to purchase some goods with the old naira notes could not do so as the traders there told him they won’t accept the old noted.
The same scenario is playing out at a popular Chinese store in the popular Jabi Lake mall located in the Jabi district where attendants are outrightly rejecting the old notes.
Reps tackle commercial Banks over new currency policy
Members of the House of Representatives Ad-hoc committee have tackled commercial bank operators over the hardship being experienced by Nigerians over the new currency policy imposed by the Central Bank of Nigeria (CBN).
Responding separately, the banks Chief Executives Officers (CEOs) revealed that the amount of new Naira notes allocated to the banks are not enough to meet the demands of their customers.
Speaking, one of the bank’s executives, Hadiza Ambursa informed that their bank collects about 10 per cent of what they deposit to the Central Bank.
On his part, Sterling Bank’s Orlando Umoren who corroborated what the Access Bank official said, noting that Sterling Bank received and disbursed varied amounts of the new notes.
He said: “We received a minimum of N150 million to be shared. In Kaduna, N150 million, in Kano, we received N100 million to be shared amongst the branches in the metropolis. They are being fed in the ATM only and not to be given to the customers across the counter. In Abuja here, what we are given is about 80 per cent. In Kano, it is less than 10.
“What we get in return is nothing comparable… The reason why the new naira note is not coming. It is in the furtherance of the cashless policy. The banks are still under pressure to ensure that they meet the deadline”.
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The Regional Executive for Heritage Bank, Oniko Daniel called on the public to understand the policy as put up by the CBN and the position of the commercial banks as entities regulated by the apex bank.
He said, “If you load a cartridge, which is about 8 million, in less than 2 hours that 8 million is finished. It must be understood. People want to deposit N10 million and want to collect N10 million, but It is not possible. CBN is doing cash swaps in rural areas. The public needs to know the guidelines and what the CBN is saying. CBN guideline is more or less a rule to the commercial banks”.
While speaking on whether the policy and the deadline set by the CBN on the new currency is feasible, the Chief Executive of Retail and Commercial Banking, North, First Bank Nigeria Plc, Shehu Aliyu said, they are guided by the guidelines put by the CBN and cannot determine anything regarding the policy.
He said “We have seen an upsurge of people coming to open accounts and deposit money into those accounts. We have been handling this as much as we can. After this hearing, we will bring details. We have been paying out new notes across the country.
Speaking, the Chairman of the committee faulted the CBN on the policy saying that it violated the CBN Establishment Act by setting up a deadline of January 31st for the old currency to cease as a legal tender.
He said, “Section 20(3) made it necessary, mandatory on the CBN not at any point to refuse to accept old notes simply because of the expiry date.
“The position of the law is that our old notes must continue under every circumstance to have value. The values of the old notes must be respected and protected by the CBN and the commercial banks.
Daily Trust
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News
FAAN Debunks Fire Scare at Lagos Airport Terminal 2, explains cause of smoke
FAAN Debunks Fire Scare at Lagos Airport Terminal 2, explains cause of smoke
FAAN has dismissed reports of a fire outbreak at Terminal 2 of the Murtala Muhammed International Airport (MMIA), Lagos, clarifying that Sunday’s emergency was triggered by the discharge of the terminal’s fire suppression system rather than an actual fire.
The Federal Airports Authority of Nigeria (FAAN), in an updated statement on Sunday, explained that preliminary investigations revealed the smoke seen within parts of the terminal was caused by the activation of the FM-200 fire suppression system.
The authority said investigations are underway to establish what caused the automatic system to discharge.
“Preliminary findings indicate that there was no fire at the terminal. The smoke observed within the affected area resulted from the discharge of the terminal’s FM-200 fire suppression system. The reason for the activation of the fire suppression system is currently being investigated,” FAAN stated.
The clarification followed an earlier announcement by the authority that an incident had occurred at the terminal, prompting the immediate deployment of its Aerodrome Rescue and Firefighting Service (ARFFS) and the activation of emergency response procedures as a precaution.
FAAN confirmed that the incident did not result in any injuries or casualties.
It also assured passengers and other airport users that normal activities have fully resumed, with passenger processing and flight operations continuing without disruption.
“Normal operations have since resumed at the terminal, while detailed investigations are ongoing to determine the exact cause of the incident,” the authority added.
FAAN expressed appreciation to passengers, airlines and other stakeholders for their patience and cooperation during the emergency response, reaffirming its commitment to maintaining the highest standards of safety and security across Nigeria’s airports.
The Murtala Muhammed International Airport in Lagos remains Nigeria’s busiest aviation gateway, serving thousands of domestic and international travellers daily.
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News
Political Realignments: Kwankwaso Receives APC Defectors into NDC in Kano
Political Realignments: Kwankwaso Receives APC Defectors into NDC in Kano
The vice-presidential candidate of the Nigeria Democratic Congress (NDC), Senator Rabiu Kwankwaso, has formally received a group of defectors from the All Progressives Congress (APC) in Madobi Local Government Area of Kano State, marking another significant political realignment in the state as the 2027 elections approach.
The political landscape in Kano State witnessed another realignment over the weekend as Senator Rabiu Kwankwaso, the vice-presidential candidate of the Nigeria Democratic Congress (NDC), formally received a group of defectors from the ruling All Progressives Congress (APC) into his party and the Kwankwasiyya Movement. The reception, which took place at Kwankwaso’s residence along Miller Road in Kano, underscores the NDC’s ongoing efforts to expand its support base in one of Nigeria’s most politically significant states ahead of the 2027 general elections.
The delegation was led by Danlami Zakari Unguwar Gertai, also known as Garkuwan Gari, from Gari Local Government Area of Kano State. According to the Kwankwasiyya Movement, the defectors pledged their loyalty and unwavering commitment to Kwankwaso and the movement’s vision for a better Nigeria. The movement further stated that the new members promised to work for the growth of the NDC and support its campaign agenda. While the exact number of defectors was not disclosed, the reception drew a large crowd of enthusiastic supporters, many wearing the signature red caps associated with the Kwankwasiyya movement.
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In a statement shared on his official X account on Sunday, Kwankwaso expressed delight over the development and assured the new members of equitable treatment within the party. “I was elated to receive a group of defectors from Madobi Local Government who have left the APC to join the Nigeria Democratic Congress (NDC),” he wrote. “I warmly welcomed them into our fold and assured them of fair and comfortable positions within our party. We continue to grow stronger, free from major distractions.” Photographs from the event showed Kwankwaso, dressed in white traditional attire and his trademark red-and-white cap, flanked by the party’s Kano Central Senatorial candidate, Nasiru Gawuna, addressing a large crowd of supporters from an elevated position while holding a microphone. Other images captured large gatherings of supporters cheering and raising their hands in solidarity.
The development came barely 24 hours after the Independent National Electoral Commission (INEC) published the personal particulars and credentials of Kwankwaso and the NDC presidential candidate, Peter Obi, ahead of the 2027 general elections. Kwankwaso and Obi had previously contested the 2023 presidential election on different platforms before joining the African Democratic Congress (ADC) and later moving to the NDC, citing internal disagreements and prolonged court cases within the ADC. However, the reception of new defectors comes amid reports of internal strains within the Kwankwasiyya movement. Recent political realignments have seen some long-standing allies exit the movement, including Senator Rufa’i Sani Hanga, who represents Kano Central Senatorial District, and who recently lost his senatorial ticket in the NDC to Nasiru Gawuna. Hanga publicly reflected on his disappointment, stating: “I followed the Kwankwasiyya movement with absolute loyalty, but in the end, I was left facing the mockery of my enemies and the tears of those who cared about me.” Furthermore, the NDC has reportedly replaced some candidates earlier nominated by the Kwankwasiyya movement in Kano State as part of efforts to implement a power-sharing agreement, potentially affecting the perception of the movement and the unity of the NDC in the state. Gawuna, who was seen at the reception with Kwankwaso, had been the subject of defection talks to the African Democratic Congress (ADC) in recent months, with negotiations reportedly shifted from the state to the national level of the party. He was named as the NDC’s Kano Central Senatorial candidate in May 2026, alongside Aminu Abdussalam Gwarzo as the party’s governorship candidate for the state.
The latest defections are expected to strengthen the NDC’s grassroots mobilisation in Kano, one of Nigeria’s most politically significant states, as political parties intensify realignments and membership drives ahead of the 2027 elections. Despite internal challenges and the exit of some key figures, the Kwankwasiyya movement continues to command significant grassroots support, particularly among youths and urban voters through its distinctive red-cap identity and extensive political network.
Political Realignments: Kwankwaso Receives APC Defectors into NDC in Kano
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News
475 Police Officers Recalled After Controversial Retirement, Ordered for Mandatory Induction
475 Police Officers Recalled After Controversial Retirement, Ordered for Mandatory Induction
The Nigeria Police Force reinstates 475 senior officers following court victory, with AIGs Owohunwa and Igwe among those returning for compulsory six-month training at Police Staff College, Jos.
The Nigeria Police Force has ordered the reinstatement of 475 senior police officers who were previously retired under the contentious “merger of service” policy, directing them to report for a compulsory six-month induction programme at the Police Staff College, Jos. The directive follows a court ruling that nullified their retirement, marking one of the largest single recalls of senior officers in the Force’s recent history.
The directive was contained in a confidential letter dated July 31, 2026, signed by Force Secretary, Assistant Inspector-General of Police Bode Akinbamilowo, on behalf of the Inspector-General of Police. The communication was addressed to Assistant Inspectors-General across the country’s 17 police zones, Commissioners of Police in all states, and the Commandant of the Police Staff College, Jos. The officers were initially retired following a Police Service Commission (PSC) decision reached at its First Extraordinary Meeting on January 31, 2025, which approved the implementation of the disputed merger of service policy. However, the National Industrial Court, in Suit No. NICN/ABJ/28/2025, overturned the retirements, ruling that the date of first appointment of the affected officers, as contained in their appointment letters, was not subject to review by the defendants. The Court of Appeal subsequently affirmed the ruling in April 2026. The PSC later approved the regularisation of the officers’ dates of first appointment at its plenary meeting on June 25, 2026, in compliance with the court judgment.
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Among the senior officers named on the recall list are AIG Idowu Owohunwa (AP/No 50645), who was appointed on August 15, 1996, as part of Force Entrants Cadet ASP Course 19/1996; AIG Benneth Chinedu Igwe (AP/No 50703), also appointed on August 15, 1996, under the same course; AIG Uche Ifeanyi Henry (AP/No 57903), appointed on May 1, 2000, as part of Force Entrants Cadet ASP Course 20/2000; and DCP Simon Asamber Lough (AP/No 57917), also appointed on May 1, 2000, under the same course. The affected officers span multiple entrant courses dating back to 1992 through 2012, cutting across ranks from Assistant Inspector-General down to Superintendent of Police. Other prominent officers recalled include AIG Joseph O. Eribo, CP Fidelis Ndubuisi Ogarabe, SP Olasukanmi Lateef Olujide, CSP Sanusi Amiru, CSP Grace Idowu Agboola, CSP Oluwadare Ezekiel Ayeni, CSP Angela Agabe, DCP Akinbayo Olasukami Olasoji, DCP Louis Chike Nwabuwa, ACP Benjamin Okehielam Okwara, and CSP Rita A.A. Inoma-Abbey, PhD.
The Force Secretary instructed all zonal commands and state police commissioners to ensure that affected officers are contacted and directed to report to the Police Staff College for the mandatory training programme. He further instructed them to “locate and warn” the officers to report for the induction course. The induction programme has been scheduled in two phases, with documentation and arrival taking place between August 1 and August 16, 2026, while the six-month induction proper will run from August 17, 2026, to February 16, 2027. The Inspector-General directed the Commandant of the Police Staff College to submit the list of all documented participants on or before August 24, 2026, stressing that “lateness will not be tolerated.” Copies of the directive were circulated to the IGP’s Secretariat and the Deputy Inspectors-General overseeing Finance and Administration, Operations, Logistics and Supply, Investigation, Training and Development, Research and Planning, Information and Communication Technology, Intelligence, as well as the Assistant Inspector-General in charge of Police Accounts and Budget to ensure the smooth implementation of the induction exercise.
Official records accompanying the directive show revised retirement timelines for the recalled officers following the court-ordered reinstatement. AIG Idowu Owohunwa now has a new retirement date of July 20, 2030, while AIG Benneth Chinedu Igwe is now scheduled to retire on October 7, 2028, and DCP Simon Asamber Lough will retire on May 14, 2029. Several officers on the list are already approaching retirement, with ACP Benjamin Okwara expected to retire in December 2026, while CSP Sanusi Amiru is due for retirement in February 2027.
The matter arose after the Police Service Commission, working with the police leadership, retired the senior officers in January 2025 over discrepancies in service records and alleged age falsification. However, the officers challenged their forced retirement from the police force, arguing they had neither completed 35 years of pensionable service nor reached the mandatory retirement age of 60. The case, filed by ACP Chinedu Ambrose Emengaha and seven others, also involved a separate suit filed by the three senior officers — AIG Owohunwa, AIG Igwe, and DCP Lough — which had been pending before the court. The reinstatement represents one of the largest single recalls of senior officers in the Force’s recent history and effectively overturns a retirement exercise that had sparked widespread controversy within the police establishment. The development raises questions about the Police Service Commission’s recruitment and retirement policies, as well as the implementation of the merger of service policy that led to the initial mass retirement.
475 Police Officers Recalled After Controversial Retirement, Ordered for Mandatory Induction
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