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Nigerians can’t withdraw old, new notes from banks, ATMs despite extension
Despite extension of deadline for the circulation of old N1,000, N500 and N200 notes to February 10, bank customers continue to face frustration, as ATMs were largely empty across the country.
The few that had the new naira notes had very long queues, with customers standing for many hours to take their turns. Even after queuing, some returned home empty-handed as available cash in ATMs was exhausted.
This is as traders in many markets at the nation’s commercial capital of Lagos have refused to accept old naira notes from customers for fear of recording losses in their operations.
Traders, who spoke to The Guardian, demanded that the Central Bank of Nigeria (CBN) and the Federal Government increase availability of the new notes to mitigate hardship.
According to a trader at Oshodi market, Chima Nnadozie, “people still have the old notes and they are finding it nearly impossible to deposit them in the banks due to congestion and overcrowding. That is why some of us decide not to collect the old money again until the new notes are available and easily accessible to all.”
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Point of Sales (PoS) operators were, yesterday, in brisk business, as they charged 10 per cent for withdrawals. For instance, anyone who withdrew N10,000 new notes, was charged N1,000; while old notes attracted between N200 and N500. Most operators said they did not have new notes to dispense to customers.
According to a Point of Sale (PoS) operator, Femi Akande, customers who came to withdraw from his stand refused to accept old notes as they preferred new ones
“If customers come to withdraw money and you give them the old notes, they no longer accept it, because they are afraid traders won’t accept it from them,” he said.
A customer said he had queued at two different ATMs, belonging to different banks, but could not withdraw any money because the notes were exhausted before it was his turn.
He said even his attempt to withdraw old notes at the counter did not yield positive results, as he was told that banks were instructed not to pay old notes of the affected denominations.
It was gathered that banks that had bank notes could only dispense the N100 and N50 denomination and pegged Over The Counter (OTC) withdrawals at only N10,000 per customer.
A bank official said they were under strict directives of CBN not to pay any customer more than N10,000 of the lower denominations.
Guardian
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Tinubu Rewards Qur’anic Champion Maryam Dan’Azumi With N20m
Tinubu Rewards Qur’anic Champion Maryam Dan’Azumi With N20m
Nigeria’s First Lady, Senator Oluremi Tinubu, has rewarded 19-year-old Gombe State Qur’anic scholar Maryam Ibrahim Dan’Azumi with N20 million following her outstanding performance at the 46th King Abdulaziz International Qur’anic Competition in Makkah, Saudi Arabia.
Oluremi Tinubu presented the cash award to Maryam at the Presidential Villa, Abuja, on Tuesday after the young Qur’anic scholar was formally presented to her by Gombe State Governor Muhammadu Inuwa Yahaya.
The governor was accompanied by Maryam’s father, teachers and other members of the Gombe State delegation during the visit.
In addition to the N20 million reward, the First Lady expressed her willingness to support Maryam in pursuing a master’s degree, encouraging the young scholar to continue her academic development alongside her Qur’anic studies.
Tinubu described Maryam’s achievement as a source of pride for Nigeria and an example of what young Nigerians, particularly girls, can accomplish through dedication, discipline and education.
Maryam attracted international attention in August after emerging winner of the second category of the women’s division at the prestigious King Abdulaziz International Qur’an Competition in Saudi Arabia.
She scored 97.70 marks to take first position in a category that required participants to demonstrate mastery of the entire Holy Qur’an, together with excellence in recitation and interpretation of Qur’anic vocabulary.
The 46th edition of the international competition reportedly attracted 334 contestants from 133 countries, with participants competing across various categories covering Qur’anic memorisation, recitation and interpretation.
Maryam’s victory also earned her a prize of 300,000 Saudi Riyals, widely reported at about N120 million, making the N20 million presented by the First Lady a separate recognition of her achievement.
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Receiving Maryam at the State House, Oluremi Tinubu praised the teenager’s commitment to Qur’anic scholarship and her determination to excel in both religious and formal education.
She also acknowledged the contribution of Maryam’s parents, teachers and mentors, noting that sustained support from families and educators remains important in nurturing young talents.
The First Lady encouraged Maryam to remain committed to her education and to embrace mentorship as she progresses in her academic and personal development.
Maryam’s international success is also part of a remarkable family record in Qur’anic competitions.
Her elder sister, Hajara Ibrahim Dan’Azumi, won the 18th Hashemite Jordan International Qur’anic Competition for Females in Jordan in 2024.
The achievements of the two sisters have drawn attention from Nigerian leaders and stakeholders in Islamic education, with President Bola Ahmed Tinubu previously congratulating Maryam on her international victory and recognising the role played by her family, teachers and mentors.
According to Governor Inuwa Yahaya, Maryam’s success followed years of participation in Qur’anic competitions at different levels.
She reportedly distinguished herself in local and state competitions before progressing to national contests and eventually representing Nigeria at the international competition in Saudi Arabia.
Maryam is a Physics Education student at Gombe State University and also studies at the Abubakar Siddiq Community School for Qur’anic Memorisation in Gombe.
Speaking after her reception at the Presidential Villa, Maryam expressed appreciation to the First Lady for the recognition and financial support.
She said her participation in the Saudi Arabian competition enabled her to interact with contestants from different parts of the world and gain broader exposure.
The young scholar also expressed hope that her achievement would inspire other Nigerian youths to remain committed to education, develop their talents and pursue excellence in their chosen fields.
With the latest N20 million award, Maryam has received substantial financial recognition following her historic performance in Saudi Arabia.
Her 300,000 Saudi Riyal prize came from the King Abdulaziz International Qur’an Competition, while the N20 million reward from Oluremi Tinubu was presented during her visit to the Presidential Villa.
The First Lady’s offer to support Maryam’s postgraduate studies could further strengthen the young scholar’s ability to pursue higher education while continuing her development in Qur’anic scholarship.
Tinubu Rewards Qur’anic Champion Maryam Dan’Azumi With N20m
metro
Kaduna APC Calls for Probe Into Alleged Attacks, Vandalism
Kaduna APC Calls for Probe Into Alleged Attacks, Vandalism
The Kaduna State chapter of the APC has appealed for calm after reporting alleged attacks, vandalism and intimidation involving its members and party-related facilities.
The party wants the police and other security agencies to determine what happened and identify those responsible for any offences established by the evidence.
APC Publicity Secretary Sani Dan Azare said vehicles were allegedly damaged during an incident at party premises, while some members and supporters were reportedly assaulted or intimidated elsewhere in the state.
Rather than draw conclusions from the competing claims, the party asked security agencies to examine all credible leads and evidence before taking action.
The appeal comes as political activities intensify in Kaduna ahead of the 2027 elections. The state has already recorded a separate dispute involving ADC supporters and security operatives during a campaign-related walk, with the parties giving different accounts of the confrontation.
The APC said such incidents should not undermine what it described as progress made in reducing political, ethnic and religious tensions in the state.
It therefore urged political parties, candidates and supporters to conduct their activities peacefully and within the law.
Dan Azare also asked APC members and support groups to avoid retaliation, warning against any form of self-help.
“Let the facts be established. Let due process prevail. Let the law take its course” the party said.
The APC added that anyone with relevant information should make it available to security agencies to help establish what happened and determine whether anyone should face legal action.
Kaduna APC Calls for Probe Into Alleged Attacks, Vandalism
metro
Fatal NURTW Leadership Clash in Osun Leaves Two Dead; State Orders Park Shut Down
Fatal NURTW Leadership Clash in Osun Leaves Two Dead; State Orders Park Shut Down
As Olalekan Oyeyemi is buried in Osogbo, authorities transfer murder probe to the State Criminal Investigation Department.
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