Headlines
Naira Scarcity: Sokoto, Zamfara, Katsina Border Residents Trade in CFA
Residents of border communities in states including Sokoto, Zamfara, Katsina, Adamawa and Kwara have opted for the CFA franc following the scarcity of the new naira notes across the country.
The residents, including traders and commercial drivers, are also rejecting the old naira notes, insisting that customers who do not have the new redesigned currency must pay for goods and services with CFAs.
The CFA franc is the legal tender in eight West African countries of Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo, which make up the West African Economic and Monetary Union, otherwise known as the Union Économique et Monétaire Ouest Africaine.
Findings by The PUNCH indicated that businessmen and traders in the Zurmi and Shinkafi local government areas of Zamfara State, which border the Niger Republic, prefer the franc to the naira.
Investigation revealed that traders in the two LGAs had been selling their commodities in CFA due to fear that they might not get the new naira notes.
A cattle dealer, Musa Shehu, said he stopped receiving the Nigerian currency since the Central Bank of Nigeria announced the deadline for the swap of the N1,000, N500 and N200 notes.
He stated, “I have since stopped receiving the old naira notes because I don’t have an account and I can’t go to the bank.”
A trader in Shinkafi town, who shuttles between Nigeria and Niger Republic, explained that most of his customers paid with the CFA.
“I cannot collect old naira notes and give out my commodities to any customer. But I will collect new naira notes and CFA because I am afraid of losing my money if the time for the exchange expires,’’ the trader, who spoke on condition of anonymity, said.
A grain seller in Dada village in Zurmi Local Government, Muhammadu Isa, disclosed that he stopped selling grains in the Nigerian currency after the CBN’s policy on new naira notes was unveiled.
He said that he sold only to those who possessed CFAs to avoid losing money as ‘’my father did in 1983 when the naira notes were hurriedly changed by the then Major General Muhammadu Buhari regime.’’
Isa explained that his late father lost all his money when Buhari changed the national currency in 1983.
The grain trader insisted that he would not accept the old naira notes as there was no bank or Point of Service terminal in his community where he could withdraw the new currencies.
“You see since our people and those from the Niger Republic are coming to buy the grains with the CFA, I see no reason why I should collect old naira notes. If anybody wants to buy grains from me, he must pay in CFA or forget it. I will not collect old naira notes because I don’t know what to do with them after the expiration of the deadline,” he noted.
In a related development, commercial drivers who ply the Niger Republic from Zurmi and Shinkafi LGAs have also stopped collecting the old notes.
They justified their decision with the argument that the CFA was the only legal tender accepted by the people along the Nigeria-Niger borders.
A driver, Alhaji Hamisu, stated that passengers had to pay in CFA if they wanted to travel to the Niger Republic or return to Nigeria ‘’because the old naira notes are unacceptable as legal tender.’’
Hamisu said, “I have on several occasions refused to collect the old naira notes from my passengers because I have no time to go to the bank or PoS to get the new notes.
“Another problem is that you can’t buy fuel with the old naira notes in Niger republic; as such, no commercial driver on cross-border journeys will agree to take the old notes from passengers.
“I was almost stranded in Malbaza town in Niger Republic when I wanted to buy fuel with the old naira notes because we have been doing so before the change of the Nigerian currency.
“I went to the filling station as usual and bought 30 litres of fuel and brought out the old notes but the fuel attendant told me that he would not accept the notes.
“I pleaded with him but he was not ready to collect the money from me. I was lucky as one of the commercial drivers, who is also my friend, came to buy fuel and he had enough CFAs. I bought the CFA from him and settled the fuel attendant.”
The Punch
The 2025 edition of the annual 42km 2024 Access Bank Lagos City Marathon has been once again dominated by East African runners from Kenya and Ethiopia.
Kenya’s Edwin Kibet on Saturday emerged winner in the men category, clocking a time of 2:14:06 to win the $50,000 price money.
Kibet came third last year behind his compatriot Bernard Sang who won it with a time of 02:16:49 and another Kenyan Cheprot who came second.
It is Kibet’s second win in the competition following his first victory in the 2023 edition.
In the women’s category, Ethiopia’s Guta Meseret Hirpa emerged victorious clocking a time of 2:37:04 for her first win in the competition.
First Nigerian to finish the race, Nyango Gyang Boyi, made history by finishing in the to 10 positions.
He finished the race in 8th place, clocking a time 2:25:41.58 which will earn him a prize award of $4,000. As the first Nigerian to finish the race, Boyi also won the N2million top prize in the Nigerian category.
The governor of Lagos State, Babajide Sanwo-Olu, was also one of the participants in this year’s Lagos City Marathon.
The 42km race commenced at Western Avenue, in front of the National Stadium Surulere, and finished in front of Eko Atlantic City, Victoria Island.
This year’s edition of Access Bank Lagos City Marathon had thousands of runners competing for the top prize.
The annual event was to a gold label by the World Athletics in 2023 less than eight years after its first edition.
The Canadian High Commission in Nigeria has refused to make further comments on circumstances surrounding the denial of visas to some senior Nigerian military officials, including the Chief of Defence Staff, General Christopher Musa, citing privacy policies.
The Authorities however, acknowledged social media reports of the situation.
Musa and some military officials were denied visas to attend an event in Canada honouring war veterans, a situation the CDS revealed during an event in Abuja on Thursday.
Responding on Friday, via its social media handle, the Canadian High Commission stated, “The High Commission of Canada in Nigeria is aware of media reports related to planned travel by senior officials. However, for privacy reasons, we are unable to comment on the status of visa applications of specific individuals.”
The embattled National Secretary of the Peoples Democratic Party (PDP), Senator Samuel Anyanwu, has defied the directive of the party’s National Working Committee (NWC) amid the ongoing contention for his position.
Anyanwu, on Thursday, resumed at the PDP National Secretariat and continued his duties from his office, despite the position of the party’s NWC.
In a video call with Lere Olayinka, the spokesman of FCT Minister, Nyesom Wike, Anyanwu said: “As you can see, I’m in my office. These are my people and we are working.”
Showing Olayinka around during the call, Anyanwu said: “You can see them jumping over the fence, that was how I stayed in my office to catch them through the CCTV.”
The video was posted by Olayinka on his Whatsapp status on Thursday.
The battle over the position of PDP National Secretary started when Anyanwu left to contest for the Imo State governorship election.
Following his departure, the South-East caucus of PDP endorsed the party’s National Youth Leader, Sunday Ude-Okoye, as his replacement.
Anyanwu lost the election and attempted to force his way back as the PDP’s National Secretary, a move which was vehemently opposed by Ude-Okoye.
On December 20, 2024, an Appeal Court ruled in favour of Ude-Okoye as the PDP’s National Secretary.
On January 28, a fight broke out between Anyanwu’s supporters and Ude-Okoye at the PDP National Secretariat during the party’s Board of Trustees, BoT, meeting.
The PDP Governors Forum had affirmed Ude-Okoye as the authentic National Secretary while the party’s NWC also took the same stand.
Similarly, the party’s National Legal Adviser, Kamaldeen Ajibade also backed Ude-Okoye for the position.
On Thursday, the NWC affirmed Ude-Okoye as the party’s National Secretary.
The development was disclosed in a statement issued by the party’s National Publicity Secretary, Debo Ologunagba.
The statement reads: “After due consideration of the Memo and the attachments, the NWC overwhelmingly recognizes, acknowledges and confirms Rt. Hon. S.K.E Udeh Okoye as the substantive National Secretary of the PDP in full compliance with and obedience to the Judgement of the Court of Appeal, recognizing that there is no subsisting or superseding Judgment or Order from any Court of superior authority or hierarchy.”
