Or browse our previous auctions using our text-based directory. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. (1972) The Struggle for Secession, 1966-1970, Frank Cass, London. Number of bids and bid amounts may be slightly out of date. So, on 30 May 1967, the Eastern Region was declared an independent republic by Lieutenant-Colonel Ojukwu. This is a Currency Gallery page and some, most or even all of the banknotes 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. Russia's invasion of #Ukraine has had a devastating impact, with billions of dollars in damaged infrastructure and 8 million more Ukrainians living in poverty in 2022. The shield contains the rising sun, plus three manillas linked together over an area divided into three parts, which are properly coloured red, black, and green. The People's Bank of China is aiming for widespread domestic use of the e-CNY, or digital yuan, in 2022. During the war, a number of international relief agencies were delivering food and medicine to the war-ravaged Republic. 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. The Bank of Biafra Decree also stated that all property held in the republic by the Central Bank of Nigeria was to be transferred to the Bank of Biafra. The 5 shillings depicts four Biafran girls while the 1 pound shows the coat of arms. 1 - 5, Lettering: The black is for mourning them and in remembrance. Consequently there were three currencies circulating in Nigeria new Nigerian notes in the West and North, Biafran notes in the areas controlled by the rebels and old Nigerian notes in those areas of the East which had been liberated by the Nigerians. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news. 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. 2015 - 2023 BNWorld, Inc.. All rights reserved. However, yet another estimate stated that 30 million were circulating in Biafra at the point of secession, with further reserves of 40 million being held in the bank vaults of the Central Bank in Enugu and Port Harcourt. 8 The government asked bi- and multilateral donors to provide foreign experts and assistance to address the economic situation.9 In the cocoa sector, the Obiang adminstration invited former plantation owners to resume cocoa production and negotiated a cocoa rehabilitation project with the World Bank. Most of us are familiar with the Biafra map of between May 30, 1967 and January 15, 1970 (the old Biafra.) The Secession that Failed Time Magazine, January 26 1970, pages 18-24. One of the more interesting assets of the Central Bank that was specifically seized was its currency. 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. C $12.28. After some months of preparation, the federal government launched their first offensive against Biafra on 6 July 1967, and the Nigerian civil war began. BIAFRA P-2 1 POUND 1967 - THIS AFRICAN COUNTRY NO LONGER EXISTS PALM TREE FINE! The second coup was successful, and resulted in northern officers taking control of the country and forming a new government led by General Gowon. World Bank-approved administrative boundaries (Admin 0) (and polygons . During Nigerias final thrust of August 1968 (which proved not so final), Whartons planes did not arrive when needed. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform. (Note: The Pointer News has published several questionable reports, many of them pro-Biafra. Their use was very popular amongst the Ibos until recent times and they were only demonetised during the 1940s. Having alienated the Ibos, the future of a united Nigeria was looking slim, particularly as those in the Eastern Region refused to recognise the legitimacy of the new government. The banknotes have various back designs. World Banknotes. But, they have zero influence over the activities of Biafrans overseas; these Biafrans put on a successful worldwide demonstration (WWD) at the close of the month of May 2005 during which they sensitized the rest of the world--from Canada to South Africa, Austria to Gabon, and from Ireland to Ukraine to the case for Biafra, pressing for the support of self-determination as a natural and moral right, and as a right ratified by UN Charter. These undelivered notes were sold into the collector market once they became unusable, and were sold in such numbers that the market became flooded. of over 40% their face value. 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. 1 pound (B102a, P2) Worth: $2.50 - $10.00. Refine Results . her currency by more than 80 per cent. TT PK 5b 1968-69 BIAFRA 1 POUND PMG 65 EPQ GEM WITHOUT SERIAL NUMBERS! Falana gives CBN seven-day ultimatum, demands details of new naira notes distribution Bayelsa governor urges calm over cash crunch CSOs asks Buhari to uphold rule of law El-Rufai has advanced on his treasonable trajectory, says Osuntokun Ahead of tomorrow's Supreme Court sitting on the suit filed by governors against the Central [] One of the barriers to this loose association would have been the different currencies, but Ojukwu did not see this as an insurmountable problem, and his subsequent desire to retain the Nigerian currency for Biafra may be ascribed to his desire to retain a single unit of currency in a confederation of states (which is what he hoped his secession would bring). 1 - ONE POUND - 1. It was generally reported that the notes were being sold at discounts! 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. A/O & A/P20 million, 1A/A to A/D40 million. The Governor of the Bank seems to have been Sylvester U. Uqoh (as deciphered from the signature on the Biafran bank notes), but the identity of any directors remains a mystery. However, most commentators on the war discounted these claims as Nigerian propaganda, seeking to discredit both Ojukwu and the French. The Bahamas is the first country in the world with a central bank digital currency (a digital form of a country's currency). Like any new nation, Biafra was keen to be identified with its own national symbols, and for this new republic these were primarily their coat of arms, the rising sun, and the palm tree all being used extensively on Biafran national instruments. Akpan, Ntieyong U. The official exchange rate at the beginning of 1968 was one Nigerian pound to one pound three shillings and four pence sterling making the Rothschild offer approximately half its real value.) Published on 07 November 2019. Remainders are available only for the second series (with the apparent exception of the 10-shilling note which has not been positively recorded), and can be recognised by the lack of serial numbers which are to be found (if present) in the top right and bottom left on the front of the notes. 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. For more recent exchange rates, please use the. It appeared on their flag, their coins and bank notes, on military insignia, and it gave rise to the title of their national anthem, Land of the Rising Sun. The new family of notes introduced the 10 shillings, 5 pounds, and 10 pounds denominations with an oil refinery, a female weaver, and a male carver on their respective reverse designs. fty thousand. This may have been one of the reasons why so many Biafran notes remained in Europe undelivered they were a cargo that could bring little practical purpose. Lot. Published on 31 October 2019, the article was shared on other news sites and on Facebook. Although reports had appeared in the international press as early as June 1967 that Biafra intended to issue its own bank notes, it was not until 1968 that the first bank notes were introduced. The Times newspaper London, United Kingdom, (The references in brackets refer to the page number and column location of the relevant article. 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. The common features are the rising sun (now a much smaller representation), the palm tree, the names of the Republic and the Bank, a white disc to the right of the note, and patterns imitating engine work surrounding the note. It is not known whether the sets were sold at the behest of the Biafrans, or by their agents in an effort to recoup unpaid costs. PEACE - UNITY - FREEDOM
Keep in mind that MASSOB is a non-violent organization. Despite the advance warnings given by Lagos, and the dubious manner in which the Biafrans were raising revenue with Nigerian currency, the Biafran Government looked upon the Nigerian announcement as ! If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform Ultimately the speculator! It's fake! In this case, the claimant blatantly declared that the World Bank has approved the Biafran Currency, without making reference to a source or quotation. It is considered the world's chief reserve currency held by most commercial and central banks globally. In January 1967 the Eastern Region began impounding the rolling stock of the Nigerian Railways and seizing goods at Port Harcourt that were the property of federal authorities. Comments made in a speech by General Ojukwu in February 1969 (a year after the events), reflect the public despair that was expressed at the Nigerian decree (although Ojukwu himself could not have been surprised): The government has long been aware of the terrible experiences of our people over the issue of currency. It was only been used by the igbo's and people who exchanged it at the rate you claimed were boarder town fools who were only hoarding it believing that one day, Biafra will exist. Also, this is not the first time Dubawa confirmed news from this same claimant to be false. The editorial comment is therefore either incorrect (the recall may have been for the interim receipts), or the currency was issued earlier than Ojukwu stated; and one source does give the date of issue as 10 January. Browse By Material; Browse By Set/Series Name; Browse By Currency; Related Sites. Top Rated Seller Top Rated Seller. Pk 5b and this banknote is w. Seller: Trusted Traditions, Inc. (1) Posted: 07/16/19. Product has been added to . Authorities say Ipob has been responsible for attacks. . 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. Millions of Biafrans remained homeless, unemployed and bankrupt. It appeared that the Eastern Region was forcing the hand of the central government so in an effort to coerce them back under federal control, Lagos began to impose an economic blockade. Nigeria is writhing her way through the throes of imminent collapse. So it was merely a matter of changing the line of authority to the Military Governor of Biafra, rather than to the relevant Minister in the Nigerian government. 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. Biafra digital currency is coming to save the situation ASAP but for now, follow the instructions. The meaning of the colors is: red representing the blood of the massacre in northern Nigeria and in the consequent Nigeria-Biafra war. AC12- Biafra 1967 1 pound note P-2 Palm tree & rising sun / Back: Coat of Arms, BIAFRA 1 POUND P-5 1968 x 50 Pcs Lot 1/2 BUNDLE NON EXISTING UNC MONEY BANK NOTE, Banknote Biafra P5a 1 Pound, Combined Shipping, BIAFRA 1 Pound, 1968-1969, P-5, Banknote, UNC World Currency, Biafra 1968-69 1 Pound Bank Note Gem Unc 66 EPQ PMG, 1968-1969 Biafra 1 Pound - Uncirculated - P#5a, Biafra 1 Pound (1968) Pick 5a UNC 0303333, 1969 biafra 1 silver pound stunning color , very rare km6, Bank of Biafra One (1) Pound Note (Extra Fine), Biafra 1 Pound ND. 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. This is supported by a statement by Dr. Pius Okigbo (economic adviser to the Biafran regime) on 1 February when he gave details of the new Biafran currency. 5 - 5
Lettering: ONE POUND - 1
When a foreign journalist, Michael Mok of Life magazine, asked a nun working with the Biafrans whether he could make a cash donation to help the starving children, he was told that cash would be useless, as there was nothing left to buy in Biafra. (After independence, a fourth region the Mid-west was created.) A video on YouTube claims that the World Bank has finally approved the Biafran Currency. Beresiner and Narbeth (in The Story of Paper Money) claim that the notes were printed in Portugal and Switzerland, and this seems to be a reasonable proposition. Another version states that one plane was forced to jettison much of its cargo, including over half the bank notes it was carrying, into the Atlantic while flying along the coast. The front of each note has a coloured pattern (around the outside of the central design) which contains very small print repeating the words Bank of Biafra followed by the denomination of the note e.g. (Biafra transferred its capital several times to avoid capture by advancing Nigerian forces). 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. The name given to the new state was The Republic of Biafra, the republic taking its name from the Bight of Biafra, on which it had its coast. Two days ago United Nations gave World bank order to start printing new Biafra currency. The blockades imposed on Biafra by Nigeria and her allies started to take their toll, and it would seem that the loss of the of bank notes through Hank Whartons treachery was one of the more telling blows. 5 shillings (B101ar, P1r) See Details. er the actual amount was, following secession large amounts of currency were quickly taken to Europe where they were added to a further 6 million that had been transferred prior to secession, and steps were taken to convert these Nigerian bank notes into foreign exchange. The machinations of the various political elements caused Nigeria to lurch from one political crisis to another in the early years of nationhood. Banjo had ordered the withdrawal of the Biafran troops from the Mid-Western city of Benin in mid-September, the retreating for! The war ended 50 years ago on 15th January 1970 when Ojukwu fled the country. The World Bank has rejected a request from El Salvador to help with the implementation of Bitcoin as legal tender. World. See Details. BANK OF BIAFRA
The preparation of Biafra Independence on October 12 is in progress. And, it is not just a souvenir: it is legal tender in those places. Lettering: REPUBLIC OF BIAFRA BANK OF BIAFRA Promise to pay on Demand the sum of . The men can be heard speaking in Igbo language and chanting "All hail Biafra" in the video, which has received over 1000 shares on Facebook. WASHINGTON, April 30, 2020 - The World Bank today approved $21.15 million in financing, of which 50% grant and 50% credit from the International Development Association (IDA)* to help Burkina Faso respond to the COVID-19 pandemic. The difference being that the Eastern Regions arms had supporters of a leopard (on the left) and a man carrying a spear an Alo (on the right), whereas the Biafran arms had two leopards supporting the shield. Pk 5b and this banknote is w. Seller: Trusted Traditions, Inc. 1. Finally approved the Biafran troops from the Mid-Western city of Benin in mid-September, Eastern! 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