Ahead of the deadline of the Central Bank of Nigeria (CBN) cashless policy, suspected Islamic State of West Africa Province, ISWAP, members have reportedly distributed some huge sums of old naira notes to commuters in the Lake Chad Basin. The incident occurred after Mairari village, along the Maiduguri/Monguno highway on Saturday in the Guzamala Local Government Area of Borno State, Daily Trust reports.
ISWAP Terrorists Distribute Old Naira Notes Worth N100,000 To Passengers On Borno State Highway As Deadline NearsA resident of the area, Bakura Ibrahim, said the insurgents positioned themselves under a tree and stood by the roadside with bags of old naira notes.
President Muhammadu Buhari had on November 23, 2022, unveiled redesigned N200, N500, and N1000 notes and the CBN immediately fixed January 31 as the date for the expiration of the old notes. Some ISWAP members who were said to have driven two gun trucks and dressed in military camouflage on Saturday distributed huge amounts of the old notes to scores of commuters.
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