The Governor of Borno State, Professor Babagana Zulum, has threatened to revoke lands from any bank that refuses to dispense new naira notes for the people of the state.
The Governor said the state government would revoke lands from any bank that refuses to release new naira notes to the people of his state.
The Governor made this warning known in Maiduguri, the capital of Borno capital, during his visit to branches of banks to examine people’s access to new naira notes.
“Any bank in Borno state that is not willing to ensure their ATMs are fully dispensing new naira notes to ease the suffering of our people, we will withdraw their land title immediately,” Zulum said.
“We will only spare banks with genuine constraints that are verifiable.”
Zulum said he was not comfortable with the stress and discomfort the people were made to pass while trying to assess their own money.
“As you can see here, only less privileged people are queued up. I didn’t see rich people here,” he said.
“Many people are said to have been here since 3:00 am, some could not even eat anything.
“The new naira note and even the old ones are not available and that is adversely affecting commercial activities in the state and people are suffering.”
“We don’t have any problem with the CBN policy or the withdrawal limit, they said individuals can only withdraw N20,000, but why can’t everyone have access to that N20,000?” he asked.
“Yesterday I was in Gubio with a population of over 70,000 people but it was impossible to source N100,000 in the entire local government, neither of the new notes nor the old notes.”
The Governor called on the Central Bank of Nigeria (CBN) to make the new notes available at commercial banks for the people.
“Right now in Borno state, I have visited more than ten ATMs and there’s no cash,” he said.
