MASSOB To Issue Biafra Currency In Exchange Of Naira

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

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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.” (source naij.com)