News

Biafra Currency to Start Full Circulation in Biafraland if Naira Crashes

Published

8 years ago

May 23, 2016

Following the steady decline of the naira largely blamed on the fall of the price of crude oil, the Movement for the Actualisation of the Sovereign State of Biafra (MASSOB) has threatened to start issuing the Biafran currency in Igboland.

The Sun reports that Mr Martins Ezeaka who is the Anambra north director of finance of MASSOB said in Onitsha state that the depreciation of the naira may necessitate the reintroduce the Biafran currency for the people of the south east to use in financial transaction like it did in the past.

On February 27, 2011 Chief Ralph Uwazurike who was the former leader of MASSOB had launched the Biafran currency, vehicles, motorcycle plate numbers and driver’s licence.

Ezeaka said the fall of the naira was an advantage for Biafra people as they can now transact at a cheaper rate.

“Now that the naira has depreciated, it is to the advantage of Biafra currency because you can buy things with Biafran money at a very cheap price.

“We can now consolidate our finance sector with valuable economy to meet the world standard and we attribute this feat to our brain, resourcefulness and holistic approach to the struggle for a Biafran state.”

The director of finance noted that the disparity in the exchange rate of the naira in the parallel and official market was due to corruption.

“It is corruption in the financial sector that made the naira to exchange for N200 officially and about N350 in the black market.”

Comrade Obaji Obaji who is the director of agriculture of MASSOB said Biafran land is naturally fertilised for enough healthy farm produce.

He said for the moment, Biafra has food that can sustain it until the nation is finally actualised.

“We now go into mechanised agriculture in places like, Adani, Igbariam,Atani, Nsukka, Abakaliki, Ogbaru among others,” he said.

Meanwhile, another separatist group, IPOB said Biafra land is beyond areas occupied by the Igbo-speaking people of the country alone.

According to the group, aside Igbo-speaking states, Biafra land cut across Itsekiriland on the western boundary, Oduduwa to Bakassi on the eastern boundary with Cameroon.

The group added that Biafra land also stretch across from Idoma and Igala land on the northern boundary with Arewa or Northern Nigeria to the Bight of Biafra which is South of the beautiful island of Bonny.