• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Currency Redesign: Terrorists Ban Farmers In Lake Chad From Transacting In Naira

by Francis Okoye
3 years ago
in News
bandits
Share on WhatsAppShare on FacebookShare on XTelegram

The Shura Council of the Islamic State of the West African Province (ISWAP) terrorist group, has banned transactions in Nigeria’s Naira by farmers and fishermen in the Lake Chad region of the country due to the move by the federal government to redesign some denominations of the currency.

Advertisement

The Nigerian Government had announced its decision to redesign N200, N500 and N1000 notes, which they will start issuing by December and then by January 31, 2023, the old notes will cease to be legal tender.

It was gathered that this move by the government has thrown the ISWAP population in the Tumbus of the Lake Chad and away from bank branches, into confusion as they will find it extremely difficult to change their money into the new currency notes.

An intelligence report obtained from security sources by Zagazola Makama, a Counter Insurgency Expert and Security Analyst in the Lake Chad region, revealed that the insurgents are now receiving the West African CFA Francs which they intend to use to replace the Nigerian Naira as currency of trade in the area.

The sources said that the terrorists had also banned all Nigerian fishermen, herdsmen and farmers from sneaking into the Lake Chad through Marte, Abadam, and Gamborun Ngala in order to prevent the Naira from reaching into the camps of the terrorists in the Lake Chad.

RELATED

Naira Swap: Kwara Police To Patrol Bank Areas, Warns Hoodlums

Kwara: Kidnap Victims Escape As Security Forces Raid Criminals’ Hideouts

32 minutes ago
JUST-IN: Osun Gov’t May Sack Monarch Jailed In US For $4.2m COVID-19 Fraud

JUST-IN: Osun Gov’t May Sack Monarch Jailed In US For $4.2m COVID-19 Fraud

38 minutes ago
ADVERTISEMENT

Ibn Umar and Malam Ba’ana, the ISWAP Militant Commanders in charge of taxes and levies, who imposed the ban, said people are only allowed to come through safe routes established by the terror group through Bulgaram, Cikka, Guma, Maltam, Doron Liman and Ramin Dorina villages in the neighbouring Cameroon.

In exchange, ISWAP now collects 1,500 West African CFA Francs monthly taxes from the people who appear very willing to pay.

They have also secured trade routes for marchants, to enable them access foodstuffs, weapons, fuel and other logistics.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Naira Redesign
SendShare10186Tweet6366Share
ADVERTISEMENT
Previous Post

NASS Renovation: Senate Tasks Contractor On Speedy Completion 

Next Post

Ex-Agitators To Get Federal Govt Jobs – HoSF

Francis Okoye

Francis Okoye

You May Like

Naira Swap: Kwara Police To Patrol Bank Areas, Warns Hoodlums
News

Kwara: Kidnap Victims Escape As Security Forces Raid Criminals’ Hideouts

2025/08/26
JUST-IN: Osun Gov’t May Sack Monarch Jailed In US For $4.2m COVID-19 Fraud
News

JUST-IN: Osun Gov’t May Sack Monarch Jailed In US For $4.2m COVID-19 Fraud

2025/08/26
Otu, Ekpeyong, Speaker, Eulogise Late Music Icon, Duke At Funeral
News

Tinubu Celebrates Senator Ekpenyong At 40

2025/08/26
Popular Singer, Yinka Ayefele, Debunks Death Rumour
News

Fresh FM Inferno: Ayefele Responds To ‘No Insurance’ Claims

2025/08/26
Labour Party Now Orphanage For ‘Homeless’ Politicians — Sowore
News

Court Orders Banks To Produce Activist Sowore’s Account Transactions

2025/08/26
Statutory Delegate: Buhari Pays Lawmakers Back In Their Coin?
News

Reps To Probe UNIBEN Teaching Hospital’s Budgetary Expenditures

2025/08/26
Leadership Conference advertisement

LATEST

Kwara: Kidnap Victims Escape As Security Forces Raid Criminals’ Hideouts

JUST-IN: Osun Gov’t May Sack Monarch Jailed In US For $4.2m COVID-19 Fraud

Tinubu Celebrates Senator Ekpenyong At 40

Fresh FM Inferno: Ayefele Responds To ‘No Insurance’ Claims

Court Orders Banks To Produce Activist Sowore’s Account Transactions

Reps To Probe UNIBEN Teaching Hospital’s Budgetary Expenditures

C’Wealth Weightlifting: Omolola Wins Team Nigeria’s First Gold In India

JUST-IN: NRC Suspends Abuja-Kaduna Train Services After Derailment

Fire Razes 5 House In Cross River Community

Bode George Hails PDP Zoning, Says Party Ended ‘Existential Imbecility’

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.