{"id":246599,"date":"2023-02-04T19:37:32","date_gmt":"2023-02-04T18:37:32","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=246599"},"modified":"2023-02-04T19:37:32","modified_gmt":"2023-02-04T18:37:32","slug":"borno-gov-zulum-threatens-to-withdraw-land-deeds-of-banks-not-dispensing-new-notes","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/02\/04\/borno-gov-zulum-threatens-to-withdraw-land-deeds-of-banks-not-dispensing-new-notes\/","title":{"rendered":"Borno: Gov Zulum threatens to withdraw land deeds of banks not dispensing new notes"},"content":{"rendered":"<p>Borno State Governor, Professor Babagana Zulum, has directed banks to dispense new naira notes via Automated Teller Machines (ATMs) and banking halls  or risk losing their lands to the state government.<\/p>\n<p><a href=\"https:\/\/www.withinnigeria.com\/news\/2023\/01\/13\/2023-zulum-approves-8-days-holiday-for-schools\/\">Zulum<\/a> gave the warning after visiting branches of banks in Maiduguri, the state capital, to assess problems being faced by residents trying to access new naira notes.<\/p>\n<p>\u201cAny bank in Borno State that is not willing to ensure their ATMs are fully dispensing new naira notes cash to ease the suffering of our people, we will withdraw their land title immediately. We will only spare Banks with genuine constraints that are verifiable\u201d Zulum said.<\/p>\n<p>Before that declaration, Zulum said he was unhappy when he saw hundreds of people queued at a bank\u2019s branch, with only one out of 10 ATMs dispensing cash.<\/p>\n<p>\u201cAs you can see here, only less privileged people are queued up. I didn\u2019t see rich people here. Many people are said to be 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\u201d Zulum said as he sympathize with people in queues.<\/p>\n<p>The Governor said further: \u201cWe just released salaries of about 5 billion naira and the banks don\u2019t have money, some of the ATMs are not working. We don\u2019t have any problem with the CBN policy or the withdrawal limit, they said individuals can only withdraw N20,000, but why can\u2019t everyone have access to that N20,000?\u201d he said.<\/p>\n<p>\u201cYesterday 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 note nor the old notes. A ram that is worth N100,000 is now being sold for N35,000 because people are desperate for cash, and some wicked rich people are going to rural areas to exploit poor people\u201d Zulum noted.<\/p>\n<p>The Governor urged the Central Bank of Nigeria (CBN) to ensure the availability of new notes at commercial banks for people to access their money.<\/p>\n<p>\u201cRight now in Borno State, I have visited more than ten ATMs and there\u2019s no cash\u201d Zulum said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Borno State Governor, Professor Babagana Zulum, has directed banks to dispense new naira notes via Automated Teller Machines (ATMs) and banking halls or risk losing their lands to the state government. Zulum gave the warning after visiting branches of banks in Maiduguri, the state capital, to assess problems being faced by residents trying to access [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":3813,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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