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.
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…
Source: Leadership Newspaper