{"id":82107,"date":"2023-02-08T13:57:50","date_gmt":"2023-02-08T12:57:50","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/banks-diverted-n4-3-billion-new-naira-notes-in-yobe-microfinance-executive-alleges"},"modified":"2023-02-08T15:22:32","modified_gmt":"2023-02-08T14:22:32","slug":"banks-diverted-n4-3-billion-new-naira-notes-in-yobe-microfinance-executive-alleges","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-diverted-n4-3-billion-new-naira-notes-in-yobe-microfinance-executive-alleges","title":{"rendered":"Banks diverted N4.3 billion new naira notes in Yobe \u2013 Microfinance executive alleges"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Managing Director of the Yobe Micro Finance Bank, Sheriff Muhammad Almuhajir, has alleged that the sum of N4.3 billion disbursed by the Central Bank of Nigeria, (CBN), to banks in the State has been diverted.<\/p>\n

The MD made the allegation in a 4:31 seconds video footage posted on his Facebook page on Tuesday.<\/p>\n

\u201cI want to tell you that, I got reliable information that the Central Bank of Nigeria, Damaturu Branch, has disbursed the sum of 4.3 billion naira to banks in Yobe State.<\/p>\n

\u201cAnd more than N700 million of the amount was meant for P.O.S agents\u201d, he claimed.<\/p>\n

Almuhajir also alleged that the N4.3 billion disbursed to commercial banks was not in circulation in the state, thus accusing some bank managers of diverting the funds out of the state.<\/p>\n

\u201cBut the question I want to ask here is, where is this money?\u201d, he queried.<\/p>\n

He alleged that the new Naira notes currently in circulation across the state are not up to one billion Naira.<\/p>\n

The bank MD argued that even if the ATMs would be dispensing cash every minute, the amount could not be withdrawn in a week.<\/p>\n

\u201cWhat is the population of Yobe State?<\/p>\n

\u201cHow many commercial banks do we have in this state? How many ATMs do we have?\u201d, he asked.<\/p>\n

He added, Yobe State does not have up to 50 functional Automated Teller Machines, (ATMs), for people to withdraw N4.3. billion in a short period of time.<\/p>\n

Almuhajir also argued that some Points of Sale operators provide better services than most commercial banks operating in the state.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Managing Director of the Yobe Micro Finance Bank, Sheriff Muhammad Almuhajir, has alleged that the sum of N4.3 billion disbursed by the Central Bank of Nigeria, (CBN), to banks in the State has been diverted. The MD made the allegation in a 4:31 seconds video footage posted on his Facebook page […]<\/p>\n","protected":false},"author":84,"featured_media":82106,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,28],"tags":[1570,2140,254,334],"class_list":["post-82107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-yobe"],"yoast_head":"\nBanks diverted N4.3 billion new naira notes in Yobe \u2013 Microfinance executive alleges - Nigeria<\/title>\n<meta name=\"description\" content=\"The Managing Director of the Yobe Micro Finance Bank, Sheriff Muhammad Almuhajir, has alleged that the sum of N4.3 billi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-diverted-n4-3-billion-new-naira-notes-in-yobe-microfinance-executive-alleges\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks diverted N4.3 billion new naira notes in Yobe \u2013 Microfinance executive alleges\" \/>\n<meta property=\"og:description\" content=\"The Managing Director of the Yobe Micro Finance Bank, Sheriff Muhammad Almuhajir, has alleged that the sum of N4.3 billi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-diverted-n4-3-billion-new-naira-notes-in-yobe-microfinance-executive-alleges\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-08T12:57:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-08T14:22:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1675852087.95.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-diverted-n4-3-billion-new-naira-notes-in-yobe-microfinance-executive-alleges#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-diverted-n4-3-billion-new-naira-notes-in-yobe-microfinance-executive-alleges\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Banks diverted N4.3 billion new naira notes in Yobe \u2013 Microfinance executive alleges\",\"datePublished\":\"2023-02-08T12:57:50+00:00\",\"dateModified\":\"2023-02-08T14:22:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-diverted-n4-3-billion-new-naira-notes-in-yobe-microfinance-executive-alleges\"},\"wordCount\":285,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-diverted-n4-3-billion-new-naira-notes-in-yobe-microfinance-executive-alleges#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1675852087.95.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\",\"Yobe\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-diverted-n4-3-billion-new-naira-notes-in-yobe-microfinance-executive-alleges#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-diverted-n4-3-billion-new-naira-notes-in-yobe-microfinance-executive-alleges\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/banks-diverted-n4-3-billion-new-naira-notes-in-yobe-microfinance-executive-alleges\",\"name\":\"Banks diverted N4.3 billion new naira notes in Yobe \u2013 Microfinance executive alleges - 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