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Nairaland Forum / Nairaland / General / Politics / Why Awolowo Switched Nigerian Pounds To Naira In 1971 (772 Views)
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Why Awolowo Switched Nigerian Pounds To Naira In 1971 by HitlerWasRight: 8:30am On Jul 05, 2023 |
Ojukwu had the Nigeria pounds banned in Biafra and had all holders of such to turn it in for his worthless paper money in the form of Biafran pounds that wasn't backed by anything. As the closing days of the war approached , Ojukwu planned his escape and stole millions of Nigerian pounds earlier confiscated. When Awolowo saw that the Biafran rogue finance minister could not account for the earlier confiscated Nigerian pound notes, he swiftly went to action to have the Nigerian pounds redesigned to Nigerian Naira. The switch was to make useless millions of pounds stolen by Ojukwu under his Biafran pounds swap. So next time you want to blame Awolowo over the £20 saga , remember to hold Ojukwu's estate for your missing money. 2 Likes |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by duro4chang(m): 8:32am On Jul 05, 2023 |
Was it Awolowo it the government? |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by 001Lagos: 8:33am On Jul 05, 2023 |
Was that the reason why obafemi awolowo commited suicide because his brother MKO abiola denied him president? 2 Likes |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by endsarrrs(f): 8:35am On Jul 05, 2023 |
HitlerWasRight:Awolo wo was a great man... 5 Likes 1 Share |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by HitlerWasRight: 8:36am On Jul 05, 2023 |
001Lagos: I have told you that next time you want to shout £20 , go and hold Ojukwu's estate for your grand parents money Ode 3 Likes |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by ratiani6: 8:36am On Jul 05, 2023 |
Okay. Thanks |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by HitlerWasRight: 8:38am On Jul 05, 2023 |
endsarrrs: Immediately Awolowo found out that Ojukwu and his rogue cabinet members had stolen all the Nigerian pounds in circulation in the SE,he set to work to make useless the old Nigerian pounds note This is the real reason they hate Awolowo . For Awolowo made rubbish of their war loot. 3 Likes |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by 001Lagos: 8:38am On Jul 05, 2023 |
HitlerWasRight:Obafemi awolowo drank rat poison because MKO abiola didn't allow him become president . That's what you should be concerned about. 😂 😂 1 Like |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by SpatialKing(m): 8:40am On Jul 05, 2023 |
001Lagos: I heard he drank rat poison 😂😂 What a useless way to die 3 Likes |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by HitlerWasRight: 8:42am On Jul 05, 2023 |
001Lagos: Assuming this is true, in the old world ,were honour was worth more than a life, taking the honourable route to death instead of being caught or running away like a bitch ass Ojukwu, was the only option. Ojukwu ran away with your grandparents' life savings, fleeing in a private jet from a land of starvation , disease and death. Now that's the legacy of your pathetic hero warrior . 5 Likes |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by HitlerWasRight: 8:44am On Jul 05, 2023 |
SpatialKing: Many honourable nen have chose death by their own terms and in their own hands . Ojukwu fled with your grandparents money and same Awolowo ,with a simple stroke of the pen, turned all that loot to trash Awolowo no be Una mate 3 Likes |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by DMerciful(m): 9:41am On Jul 05, 2023 |
And the naira has been dying since them! HitlerWasRight: |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by SpatialKing(m): 9:41am On Jul 05, 2023 |
HitlerWasRight: Far better than dieing like a rat 🐀 1 Like 1 Share |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by HitlerWasRight: 9:42am On Jul 05, 2023 |
DMerciful: Goes to show that every nonesense we are suffering has its roots in your foolishness |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by HitlerWasRight: 9:43am On Jul 05, 2023 |
SpatialKing: Go and hold Ojukwu's estate for your money . |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by aworatak: 11:20am On Jul 05, 2023 |
It is clear that the op who i believe was born sometime around 2002 or thereabouts is nothing but an empty vessel that makes the loudest noise. First of all the Naira was introduced in 1973 not 1971 as you ignorantly stated. Secondly Awolowo was minister of finance between 1967 until 1971, when he was succeeded by Alhaji Aliyu Shehu Shagari who later became the first executive president of Nigeria. The change of Naira was spearheaded by Shagari. The purpose of this clarification is to enlighten the sane one’s on this forum. |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by DMerciful(m): 1:06pm On Jul 05, 2023 |
You guys threw away the baby with the bath water HitlerWasRight: |
Re: Why Awolowo Switched Nigerian Pounds To Naira In 1971 by Gajagojo: 4:58pm On Jul 05, 2023 |
HitlerWasRight: You are ignorant and spreading falsehood Awolowo had already dealt with that issue by redesigning the Nigerian pound on January 28, 1968. So the currency was changed in the middle of the war and changing to Naira had nothing to do with that. The Nigerian pound was made up of twenty shillings. Each shilling was made of 12 pence As such it was not a DECIMAL currency The Naira was a Decimal currency made up of 100 Kobo Bringing Nigeria in line with decimalization and other units like Kilogramme and grammes instead of ounces announce and a few years later we stopped driving on the Left side of the road. It was nothing to do with Biafra or the old Nigerian pound notes which had already been changed during the war In fact the policy was very successful because Awolowo only informed Gowon at the last minute Junior officers like Buhari would have seen how successful that 1968 policy was when they is why he tried it twice without fully understanding why it was a success |
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