While the Biafrans seem to have rejected this offer, it is likely that some conversion did take place (though not necessarily through Rothschild) as Gen. Ojukwu stated in February 1969: We have been fighting the war with Nigerian foreign exchange, plus of course, what we converted or what we acquired earlier on. (Ojukwu, 1969), The reference to what we acquired earlier on, possibly refers to a windfall to the Biafrans in 1967. A Nigerian newspaper, Breaking News, Nigerian News & Multimedia, Daily publication in Nigeria covering Niger delta, general national news, politics, business, energy . 66 PPQ. Akpan, Ntieyong U. When the Nigerians announced that they would no longer redeem bank notes exported from Nigeria after August 1967, the Biafrans worked quickly to gather bank notes remaining in circulation so that they could be converted into precious foreign exchange. WHOLESALE 100 CIRCULATED NIGERIA 1 (ONE POUND) CATALOG # 8 of 1967 BIAFRA WAR, Great Historic Banknotes BIAFRA 1 POUND 1968 - 1969 P-5 UNC Lucky # DS0193333, BIAFRA 1 POUND P-2 1967 10 Pcs Lot RISING SUN Bundle CURRENCY NIGERIA BANK NOTE, Biafra, 1 pound, 1968, P-5, UNC, world paper money, banknote. Published on 07 November 2019. There were of course many stories of enterprising Nigerians who were buying the Biafran holdings in Europe at a discounted rate, and shipping them back to Nigeria where their full value could be obtained. GA to GW(except GI & GO)19 million, 1BA to BZ(except BI & BO)24 million, CA to CZ(except CI & CO)24 million, DA to DX(except DI & DO)22 million, 5WA to WF6 million, 10ZA to ZC3 million. While the continued acceptance of old Nigerian notes encouraged the continued activities by smugglers, by January 1969 the old Nigerian Pound had become almost unacceptable on the black market, worth only the merest fraction of its face value. WASHINGTON, March 17, 2020 The World Bank and IFC's Boards of Directors approved today an increased $14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. I am worried by the news that the Federal Government, because of shortage of funds for its services, has authorised the printing of a large quantity of unbacked notes for circulation. Banks would go for days without opening because there was no money for withdrawals, and when some was available it was rationed people being allowed to withdraw no more than one pound a day. Or browse our previous auctions using our text-based directory. Volume 36, No.4, 1997. The first stamps of Biafra were issued on 5 February 1968. During the war Biafra reported terrific atrocities by the Nigerians against her people, and reports of starvation which cost hundreds of thousands of Biafran lives became widespread. Browse By Material; Browse By Set/Series Name; Browse By Currency; Related Sites. In 1944, the U.S. dollar became the global or world currency. #EndSARS: The Trend And Threat Of Fake Social Media Accounts, No evidence Buhari threatened local government chairmen with imprisonment over funds. Many impatient people surrendered their Biafran notes to speculators who were purchasing them at fifty Biafran pounds to one Nigerian pound. Amounts shown in italicized text are for items listed in currency other than Canadian dollars and are approximate conversions to Canadian dollars based upon Bloomberg's conversion rates. There were only two denominations in the first issue (five shillings and one pound), and according to Dr. Okigbo in his statement of 1 February the reason for this was the desire for the Biafrans to deflate their economy although the reality would appear to be insufficient planning. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members. Lot. Under this decree the bank was to be administered by a board consisting of a Governor and not less than four Directors, who were to be appointed by the Military Governor. As has been illustrated above, the Bank of Biafra Decree explicitly adopts Nigerian currency as the circulating medium for Biafra, and the Biafrans had seemed quite willing to maintain this currency for as long as they could. Lettering: REPUBLIC OF BIAFRA BANK OF BIAFRA Promise to pay on Demand the sum of . TT PK 5b 1968-69 BIAFRA 1 POUND PMG 65 EPQ GEM WITHOUT SERIAL NUMBERS! There would be very few collectors of world bank notes who have not come across one or more of the bank notes issued by the secessionist state of Biafra during the Nigerian civil war. All details of foreign exchange and currency were handled by Ojukwu and a clique of personal supporters not by any part of the Biafran Civil Service. Pro-Biafra militants have in turn killed scores of security and government officials, as well as civilians, in armed operations that have grown more frequent and daring. The Bank of Nigeria . When the federal government offered to appease those in the east, their efforts were rejected, and although a lot of effort was made in trying to bring about a reconciliation, it appeared that those in the east were not willing to come to a compromise. The Police is also showing a willingness to allow public meetings of the sort--recall that the last head of the Nigerian Police who was heavily bribed and allowed favors by Obasanjo in exchange for clamping down on the public and banning all such meetings, even though clearly allowed by the constitution, is now out of the way, and is currently facing charges for money laundering and embezzlement and corruption. Pls let Mazi know about it. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. The flag of the former Republic of Biafra is a horizontal tricolour of red, black, and green, with a golden rising sun over a golden bar in the middle. Many collectors will be familiar with the events of the Nigerian civil war, and equally there will be many younger collectors who have little or no memory of the events. The underaged Dis you guys know also that labor and some other party stage Joseph Nyumah Boakai deciding to support Alexander Cummings after retirement, False! Yes my grand parents and my Ikwuano people called it Ojomma and not Ejemma. $80.00 0 bids $5.25 shipping Ended China 1960s Banknotes $30.00 1 bid $5.00 shipping 1d 12h China 2 Jiao 1980 scarce unc $1.00 1 bid $5.00 shipping 6d 6h 2015 - 2023 BNWorld, Inc.. All rights reserved. 5 In addition, the depiction of a single palm tree had been the dominant feature on the bank notes of the West African Currency Board from 1916 to 1951, and gave a visual reminder of the notes of that era. Learn how. Amidst all this, the Nigerian SSS (State Security Services), the Mobile Police, and the Police, are busy chasing down and arresting MASSOB (Movement for the Actualization of the Sovereign State of Biafra) members from their own homes and in their church buildings, for no offense other than that they were having a peaceful meeting of MASSOB members. flying from Lisbon when he dumped the cargo of Biafran notes at sea. After some months of preparation, the federal government launched their first offensive against Biafra on 6 July 1967, and the Nigerian civil war began. See the details of the banknotes available for swap. News. Under the decree, the central office of the Bank of Biafra was to be in Enugu, which was the capital of the Republic. On the back of the 5-shilling note is a picture of four Ibo girls, and surrounding the value of the note to the left is a manilla. The coat of arms used by Biafra was derived from the coat of arms granted to the Eastern Region of Nigeria in 1960. As a result, Dubawa embarked on scrutinizing the claim. Hank Wharton was an American transport operator who had come to an arrangement with the Biafrans to fly arms twice weekly from Lisbon (Portugal) to Biafra. @WorldBankECA. Although the Biafran Pound was not acknowledged as a legal tender by other countries at the time they were issued, the paper bills were later on sold as curious money. Because many of the officers involved in the coup were Ibos, and because the Premiers of the Eastern and Mid-West Region (who were both Ibos) remained unharmed in the coup, it led many to believe that the coup was promoted by the Ibos. Although Biafra had made a concerted effort to produce the second series of higher quality bank notes, it would appear that their circulation was limited. Portugal was an early supporter of Biafra, and by October 1967 Biafra had established PLEASE SUBSCRIBE TO TASIN NEWS TV BIKO Pls subscribe, like, comment a. Our new currency notes, along with our new postage stamps, will be issued to the public on January 29, 1968. (Ojukwu, 1969). Perhaps, this was what made the video to spoon over 16,300 Views, 444 likes, and over 78 comments from different persons, expressing varied opinions. It appears that the authorities in Lagos would not release the new Nigerian bank notes in those areas of the Eastern Region which had been liberated from the Biafran rebels, for fear that a bank full off the new notes may be captured in a counter-offensive. We hope you enjoy shopping at BNWorld, Inc. Mon-Fri 8:30am-12:30am (Order cut-off for deliveries using USPS is 12:00pm and FedEx before 3:00pm (PST)), Graded Special Condition and Serial numbers, Venezuela Bolvar Digital (Digitales) 2021, Iraqi Dinar for ZImbabwe Dollars or Venezuelan Bolivar, Indonesia Rupiah for ZImbabwe Dollars or Venezuelan Bolivar, Vietnam Dong for ZImbabwe Dollars or Venezuelan Bolivar, Mixed Banknotes for ZImbabwe Dollars or Venezuelan Bolivar. BIAFRAN CURRENCY HAS BEEN APPROVED FROM WORLD BANK, BIAFRA IS COMING Why would Italy accept a worthless Biafran currency when US dollars aren't even accepted as payment? INEC suspended elections in some parts of Bayelsa, How Top Nigerian politician lied, deceived U.S. court. The chance of the euro becoming a world currency was damaged by . This section addresses the basic events of the secessionist period in Nigeria. Following the end of the war, federal sources claimed that they had found evidence of the Biafrans asking the relief agencies to pay landing fees (in foreign exchange), for the use of their air-strips. When Nigeria announced the introduction of their new note issue was to be on 3 January 1968, the Biafrans were still collecting Nigerian notes. This edition has been updated. Since some users own several versions, the sum may be greater than 100%. -catalogue-33.html) References: P# 5 . the 5-shilling note repeats Bank of Biafra Five Shillings. (These were also the colours of the Biafran flag three horizontal bars of red, black, and green, with the rising sun in the centre of the black band). Unissued copies of ten year bonds for the value of one thousand pounds, dated 15 June 1969 and offered through the London agents of the Republic of Biafra, are extant and show that this method of financing was attempted although it is not known how many bonds were actually issued. WEAVING. It . Moreover, he was commissioned to take part in a plan to assassinate Ojukwu and topple the Biafran regime a plan that was later uncovered and which cost Banjo his life. Each prefix has ten million numbers, there fore the number of notes prepared for this issue are estimated to be: 5s. . Security printers usually use paper, particularly paper with high linen and cotton content, which is not treated in such a manner.). Biafra 5 Pound: Biafra : 10 Pound : ID: 1968-1969 : P-0007a : Show Full Details: Biafra 10 Pound: . The primary sources presented here are almost exclusively items that were published or stated during the 1966-1970 period. This isn't the first time IPOB has spread incorrect information about Biafran currency. 20,851 Results Certification Year Type Grade Circulated/Uncirculated Condition Price Buying Format All Filters CHINA 1949 HAINAN BANK 1 YUAN BANKNOTE RARE VERY CRISP XF.P-S#1457. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members. The production of our currency notes could not be of the highest quality. (Ojukwu, 1969). Lettering: The Swiss franc, the Canadian dollar, the Australian and New Zealand dollars, and the South African rand round out the list of top tradable currencies. Peter Symes . 1 This, of course, has not escaped the watchful eyes of the US Intelligence which comes out with an Intelligence Report on Sub-Saharan Africa (SSA) predicting that within the next 15 years, Nigeria will totally collapse. The new currency notes are of the wide range of 10, 5, 1, 10/and 5/-. (Ojukwu, 1969). 1 Pound P5a. The sale of undelivered notes included remainders as well as notes in issued form. The cases were due to be loaded on a flight to Accra in Ghana. Contemporary reports claim that many individuals presented their savings in local and foreign currency to the government so that weapons could be bought; later, gold and jewels were donated as contributions to the war effort. The Times newspaper London, United Kingdom, (The references in brackets refer to the page number and column location of the relevant article. 22. Realising that their activities had led to a greatly reduced amount of money in circulation, the Biafrans prepared to replace the Nigerian currency, with this endeavour resulting in the first Biafran note issue. Given this atmosphere, one could imagine what a shock and a blow it was to Obasanjo that lo and behold, the Biafran currency is still in circulation in parts of some West African countries, and by one account, in a community in New York also. Get the latest news, updates, and video from around the globe. The Biafrans, on the other hand, claimed that by the end of January 1968 they had collected more than 53 million. 1967 (ND), BIAFRA 1 POUND BANKNOTE, CIRCULATED. The first notes, in denominations of 5/- and 1, were introduced on January 29, 1968. The machinations of the various political elements caused Nigeria to lurch from one political crisis to another in the early years of nationhood. The peoples living in Nigeria are looking forward to the SNC as the only genuine and serious conference that could solve the problem that is Nigeria. To all Nigerians, Please ignore the news that the Biafran Pound has been approved in Italy. 1 - ONE POUND - 1. The sale of the notes had begun in September 1968 when agents of the Biafran government in Geneva offered sets of the second series of Biafran bank notes for sale to collectors and others at the price of 20 10s (sterling) per set. While not known for certain how many notes were produced for circulation in Biafra, a reasonable estimate can be made by extrapolating the number of notes prepared for each known serial number prefix. According to documents illustrated in the Daily Times (Lagos) on 9 August 1967, the mineral rights for columbite ore, uranium, coal, tin concentrates, natural oil, and gold ore were ceded to the Rot(h)schild Bros Bank for a period of ten years. On 27 January 1968 Gen. Ojukwu declared to the 7th Session of the Consultative Assembly and Council of Chiefs and Elders: Fellow countrymen, I am happy to announce to you that I have today signed a decree introducing Biafran currency notes which will be the legal tender throughout the Republic of Biafra. Intermittent reports continued to appear in the international press in late 1967 and early 1968 of foreign nationals attempting to smuggle Nigerian currency into Nigeria. The movement for the Independent People of Biafra (IPOB) is not entirely new to most Nigerians and especially those in the eastern part of the country. We had to arrange and conclude the exercise in a hurry. fty thousand. It is regarded as a sceptre of power and authority, being carried by Ozo titled men, and as well as its symbolic importance it was also used as a weapon when necessary. Meanwhile, the popularity of the originally planned Sovereign National Conference (SNC) of Ethnic Nations living in Nigeria (which Obasanjo tried now to preempt after initially and all along vigorously and unsuccessfully opposing) is rising. Ojukwu, C. Odumegwu (1969) Biafra Selected Speeches and Random Thoughts, Harper & Rowe, New York. Most of us are familiar with the Biafra map of between May 30, 1967 and January 15, 1970 (the old Biafra.) The National Political Reform Conference arranged, funded (illegally) and teleguided by Obasanjo himself, is about to wind up, pretending that it has been successful, although the fragmentation of interests along ethnic and regional lines is the most visible outcome--not surprisingly. In his Diary of Events Gen. Ojukwu makes the following entry: August 13 [1968]: The Hank Wharton Plot, hatched by British government and American CIA to sabotage Biafra and help Nigeria to carry through her final thrust into Biafran heartland. Standard Catalog of World Paper Money. While the coup was unsuccessful, it resulted in the deaths of the Prime Minister of Nigeria, the Premiers of the Northern and Western Regions, the federal Minister of Finance, and a number of senior army officers. By Set/Series Name ; browse By Material ; browse By Material ; browse By Material ; browse By currency Related. Accra in Ghana introduced on January 29, 1968 U.S. court when he dumped cargo. 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