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Cardoso: Report difficulties in withdrawing cash from ATMs, banks to CBN
Cardoso: Report difficulties in withdrawing cash from ATMs, banks to CBN
The Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso on Friday advised bank customers to report any difficulties withdrawing cash from bank branches or ATMs to the apex bank from December 1.
Cardoso, who spoke during the 2024 annual bankers dinner in Lagos organised by the Chartered Institute of Bankers of Nigeria (CIBN) urged customers to make reports through designated phone numbers and email addresses for their respective states.
Cardoso, who was conferred with the fellowship of the CIBN, said the reporting guidelines would be distributed widely to raise public awareness.
He called for full regulatory compliance by all stakeholders, including Mobile Money Operators and PoS Agents, to promote digital transaction channels and improve service delivery.
“We also recognize the ongoing challenges with cash availability at ATMs, which disproportionately affect ordinary Nigerians.
“To address this, we are conducting spot checks across Deposit Money Banks (DMBs) and will impose penalties on underperforming institutions.
“Effective December 1, 2024, customers are encouraged to report any difficulties withdrawing cash from bank branches or ATMs directly to the CBN through designated phone numbers and email addresses for their respective states.
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“I repeat, financial institutions found engaging in malpractices or deliberate sabotage will face stringent penalties,” he said.
According to him, the CBN will continue to maintain a robust cash buffer to meet the country’s needs, particularly during high-demand periods such as the festive season and year-end.
The CBN governor said the focus was to ensure seamless cash flow for Nigerians while fostering trust and stability in the financial system.
He explained the Payment System Vision initiative for 2025 to further enhance confidence in the nation’s payment system.
He assured that payment gateways in settling financial transactions will become better in 2025 as delays will be addressed.
Cardoso said that trust was fundamental to fostering digital transactions, and CBN must take every necessary step to preserve that trust in payment systems.
He said delays often disproportionately affect vulnerable segments of the population, adding that CBN would apply penalties on non-compliant institutions to safeguard consumer trust and ensure swift redress mechanisms.
He said in 2025, CBN would prioritize initiatives including implementing open banking framework, advancing contactless payment systems, and expanding its regulatory sandbox.
“Additionally, we will issue revised guidelines for agency banking and continue to strengthen electronic payment channels”.
He also disclosed that Nigeria would exit the grey list on the Financial Action Task Force (FATF) by Q2 of 2025 while reeling out enforcement plans against money laundering, cybercrime, fraud, corruption, among others.
Prof. Pius Deji Olanrewaju, President/Chairman of the Chartered Institute of Bankers of Nigeria (CIBN), said that 2024 had been an eventful year for the banking industry and the economy.
He said various policies and regulations of the apex bank and the federal government had begun to yield fruit.
“For example, the Nigerian economy continues to be more resilient and agile as shown in the steady growth from 2.98 per cent in Q1 to 3.19 per cent in Q2 and now 3.46 per cent in Q3 of 2024.
“Likewise, the Nigerian banking industry has also shown resilience this year despite the macroeconomic pressures such as rising inflation, and exchange rate fluctuations, amongst others.
“The bank recapitalization exercise also attests to the fact that we are well on our way towards not only strengthening the financial sector but also supporting a $1 trillion economy envisaged by 2030,” he said.
Also, Dr Ibrahim Stevens, Governor of the Central Bank in Sierra Leone praised efforts of the CIBN and Nigeria’s apex bank yielding positive fruits in Africa and globally.
He called for collaboration towards building a sound financial eco system.
Cardoso: Report difficulties in withdrawing cash from ATMs, banks to CBN
(NAN)
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Niger Mosque Abductions: Terrorists Execute 30 of 500 Captive Muslim Worshippers
Niger Mosque Abductions: Terrorists Execute 30 of 500 Captive Muslim Worshippers
MINNA, NIGERIA – The mass abduction of worshippers from mosques in Niger State has escalated dramatically, with armed terrorists reportedly executing some of the hundreds of captives seized during Friday prayers. The Inspector-General of Police, Olatunji Disu, travelled to Niger State on Saturday to assess the security situation and ordered reinforced rescue operations.
The attacks occurred on Friday, 21 August 2026, at approximately 2pm. Police spokesperson Wasiu Abiodun confirmed that armed men simultaneously attacked mosques in four communities – Dekara, Kpenya, Sabon-Gida and Gidan-Zana – in the Borgu Local Government Area, while Muslims were observing Friday prayers. Witnesses described scenes of chaos. A Dekara resident, speaking on condition of anonymity, said the terrorists surrounded the mosque shortly after prayers began. “As soon as the imam said ‘Assalamualaikum’, the bandits surrounded the mosque and took people away.” Local residents estimate that more than 60 people were abducted from Dekara Central Mosque alone. In Gbezhin community, no fewer than 100 people remained unaccounted for as of Sunday evening. The terrorists later released a video claiming to hold approximately 500 captives, including women and children, with the sound of children crying audible in the footage.
On Saturday, the terrorists issued a warning to surrounding communities, ordering residents to vacate their homes within 30 minutes and threatening: “We will kill anyone we meet when we return.” Those threats appear to have been carried out. A Dekara resident told Daily Trust: “We received information that some of the abducted worshippers have been killed, but we do not know the exact number. Soldiers and vigilantes have moved to recover the bodies, but all routes accessible to security personnel have been planted with improvised explosive devices.” The Niger State chapter of the Christian Association of Nigeria (CAN), through its chairman, Bishop Bulus Dauwa Yohanna, confirmed that approximately 30 worshippers who attempted to flee were shot dead by the gunmen. This figure corresponds with reporting by NPO Reports.
The continuing violence and execution threats have triggered mass displacement. Resident Usman Musa told journalists that more than 200 residents from Gbezin had fled to neighbouring Benin Republic for safety. Another resident added that approximately 230 residents from Gidan-Zana and Sabon-Gida were taking refuge in Gawungi, inside Benin, while others had fled to Kwara State to stay with relatives.
Among those abducted are several prominent community figures. According to Ismaila Yahaya, the 90-year-old village head of Ka’ada was among those taken. He is the biological father of the District Head of Dekara and had only recently been released from a previous kidnapping. The violence in Borgu Emirate has not been confined to the mosque attacks. The Niger State Government confirmed that Alhaji Ahmed Yusuf, the village head of Galla, was killed by armed men at his residence. Governor Mohammed Umaru Bago expressed condolences, describing the killing as evidence of the bandits’ “extreme arrogance”.
Amid the escalating crisis, Inspector-General of Police Olatunji Disu visited Niger State on Saturday, 29 August, meeting with Deputy Governor Yakubu Garba at the Government House in Minna. He conveyed his condolences to the families of the victims and pledged that “the safe rescue of the kidnapped victims and bringing the perpetrators to justice remains the focus of current operations”. Disu has ordered the deployment of elite reinforcements to Niger State, including counter-terrorism units, tactical squads and the police air wing. Assistant Inspector-General of Police Victor Olaiya of Zone 7 has been dispatched to coordinate rescue efforts. Addressing officers at the Niger State Police Command, the Inspector-General said: “Nigerians are watching to see the police do what is right. I am not here for ceremony, but to bring a strong message of support to officers and soldiers working under difficult conditions.”
The Nigerian Supreme Council for Islamic Affairs (NSCIA) described the attacks as “heinous and barbaric”, calling on the Federal Government to “move beyond sporadic rescue operations” and establish a permanent, intelligence-driven and community-centred security architecture. The Christian Association of Nigeria’s Niger State chapter urged the government to provide adequate security at places of worship nationwide, stressing that “an attack on any place of worship is an attack on the sanctity of worship and a threat to the wider community”. Amnesty International also urged Nigerian authorities to secure the safe release of the abducted worshippers, noting that at least 1,100 people were abducted in the country between January and April 2026, with the actual figure likely to be far higher.
As of press time, the Niger State Government said it had not received any contact or demands from the kidnappers. Information Commissioner Obed Nuhu, speaking in a television interview, said the attacks were suspected to have been carried out by Lakurawa and Boko Haram elements, though the exact number of victims remained unverified.
Niger Mosque Abductions: Terrorists Execute 30 of 500 Captive Muslim Worshippers
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Kano Police Trace 12 Stolen Vehicles, Arrest 10 Suspects
Kano Police Trace 12 Stolen Vehicles, Arrest 10 Suspects
The Kano State Police Command has arrested 10 suspected members of an alleged interstate car theft syndicate and recovered 12 vehicles linked to the group.
Commissioner of Police Ibrahim Adamu Bakori disclosed this on Wednesday during a briefing at the Tarauni Area Command.
According to him, five suspects were first arrested in Adamawa on September 7, leading to the recovery of a Mercedes-Benz GLK 350. Further investigation resulted in the recovery of 10 additional vehicles from Kano and neighbouring states.

Five more suspects were arrested on September 12 at Kwankwasiyya City Quarters, Tarauni, where police allegedly recovered a stolen Toyota Hilux.
Bakori said preliminary findings showed that the suspects allegedly operated across Kano, Katsina, Bauchi, Gombe and other states. He said the group allegedly stole vehicles, hid them at different locations and moved them across state borders for resale.
The commissioner noted that 11 of the 12 recovered vehicles were unregistered, making it difficult to trace their owners.
He urged vehicle owners to register their vehicles and display valid number plates, while warning that unregistered vehicles could make criminal investigations more difficult.
Bakori said investigations were ongoing and efforts were underway to arrest other suspected members of the syndicate.
Kano Police Trace 12 Stolen Vehicles, Arrest 10 Suspects
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Osun Govt Vows to Prosecute Those Behind Recent Killings
Osun Govt Vows to Prosecute Those Behind Recent Killings
The Osun State Government has vowed to prosecute anyone found responsible for the recent killings and violent clashes across the state.
The government also denied allegations that it was protecting those suspected of killing Olalekan Oyeyemi amid a leadership dispute in the state chapter of the National Union of Road Transport Workers (NURTW).
Speaking on Wednesday, the Special Adviser to Governor Ademola Adeleke on Security Matters, Samuel Ojo, said the administration would allow security agencies to investigate the cases without interference.
Adeleke Summons Security Chiefs
Following the recent violence, Adeleke called an emergency security meeting attended by commanders from the police, DSS, Army, NDLEA, Immigration, Correctional Service, Civil Defence and Amotekun.
Deputy Governor Kola Adewusi represented the governor at the meeting.
Ojo said the security chiefs agreed to intensify efforts to stop further killings and restore peace across Osun.
He also dismissed claims that the government was shielding suspects in Oyeyemi’s murder, saying the police and DSS had been directed to thoroughly investigate the case.
Meanwhile, two NURTW leaders, Gbedegesin and Kareem Akeem, had alleged that Oyeyemi was killed because some union leaders opposed his proposed emergence as the next state chairman.
Transportation Commissioner Sesan Oyedele, however, denied that the government endorsed Oyeyemi for the position. He said the union leaders only informed him of their decision to choose the deceased.
About five people have reportedly been killed between August 24 and September 15 in Ikire, Ile-Ife and Osogbo in incidents linked to motor park disputes and alleged cult-related clashes.
Osun Govt Vows to Prosecute Those Behind Recent Killings
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