Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs - Politics

Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs (39257 Views)

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Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by Islie(op): 7:14pm On Nov 12, 2022

Naira Redesign: ISWAP ‘Abandons’ Nigerian Currency, Taxes Farmers, Traders In CFAs

By Olatunji Omirin

The Shura Council of the Islamic State of the West African Province (ISWAP) has banned naira as a means of transaction for the illegal tax it collects from peasant farmers and fishermen.

This is as a result of the Nigerian government’s move to redesign and reissue higher denominations of its currency.

According to the Central Bank of Nigeria (CBN), N200, N500, and N1000 notes will be reissued by December and by January 31,2023, the old notes will cease to be legal tender.

It was gathered that this move threw the ISWAP population in the Tumbus of Lake Chad into confusion.

According to the Zagazola Makama, a Counter Insurgency Expert and Security Analyst in the Lake Chad region, the insurgents switched to the West African CFA as currency of trade in the area.

ZagaZola claimed 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.

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

In exchange, ISWAP 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 merchants, to enable them accesses foodstuffs, weapons, fuel and other logistics.

The Nigerian authorities are yet to react to the latest development, but there have been denials from government that terrorists are not controlling any part of the country.

https://dailytrust.com/naira-redesign-iswap-abandons-nigerian-currency-taxes-farmers-traders-in-cfas

1 Like 1 Share

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by JoeNL22(m): 7:33pm On Nov 12, 2022

Islie:
Naira Redesign: ISWAP ‘Abandons’ Nigerian Currency, Taxes Farmers, Traders In CFAs

The Shura Council of the Islamic State of the West African Province(ISWAP) has banned naira as a means of transaction for the illegal tax it…

https://dailytrust.com/naira-redesign-iswap-abandons-nigerian-currency-taxes-farmers-traders-in-cfas

Nlfpmod

Obi is cumin

18 Likes 2 Shares

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by smile11s(m): 7:40pm On Nov 12, 2022

Okay na

"Average Breast, Medium Stomach, Rich Politician Father And Her Mother Must Be A Nurse In A Well-recognized Hospital" - Benue Man Declares Himself 'husband Material' And Lists Requirements For A Wife.

https://gist.am/q/average-breast-medium-stomach-rich-politician-father-and-her-mother-must-be-a-n

3 Likes 3 Shares

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by Treadway: 7:41pm On Nov 12, 2022

Awon oloshi grin

...all of una and your GCFR, be it naira or cefa, na sorrow una go use am buy.

95 Likes 7 Shares

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by Haboty: 7:41pm On Nov 12, 2022

Hmmm

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by philo04(m): 7:41pm On Nov 12, 2022

Lol

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by inoki247: 7:41pm On Nov 12, 2022

lol u no fit geh sense reach criminal....

As u dey du ur own dem too dey run find loopholes....

61 Likes 2 Shares

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by scribble: 7:41pm On Nov 12, 2022

Why are these terrorists even using naira to begin with

Guess because their grand patrons are in the corridors of power

34 Likes 1 Share

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by Naturalgbola(m): 7:41pm On Nov 12, 2022

North is doomed can anything good come out from North?

58 Likes 1 Share

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by Virginprincesss(f): 7:42pm On Nov 12, 2022

I will sacrifice my virginity for peter obi to win

38 Likes 5 Shares

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by bigdammyj: 7:42pm On Nov 12, 2022

Noted.

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by harsysky(m): 7:42pm On Nov 12, 2022

Deep down, we all know that Nigeria is irredeemable. Break up this country, you will see how reasonable people will run their own side due to competition.

44 Likes 2 Shares

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by BloomingDale(f): 7:42pm On Nov 12, 2022

Nigeria government:1 ISWAP:0 Cunny man die, cunny man bury am. cheesy

5 Likes 2 Shares

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by Ireportlive: 7:43pm On Nov 12, 2022

Na wa

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by NwaNimo1(m): 7:43pm On Nov 12, 2022

[img]https://giffiles./216/216347.gif[/img]

4 Likes

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by Ozzeries: 7:43pm On Nov 12, 2022

Nawa o

2 Likes 2 Shares

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by emmadejust(m): 7:43pm On Nov 12, 2022

And we have a military and police in Nigeria

13 Likes 3 Shares

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by chieveboy(m): 7:43pm On Nov 12, 2022

To be effective, I guess the neighboring countries will have to be persuaded to do resign theirs as a form of Joint security initiative.

7 Likes 2 Shares

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by iwaeda: 7:43pm On Nov 12, 2022

Islie:
Naira Redesign: ISWAP ‘Abandons’ Nigerian Currency, Taxes Farmers, Traders In CFAs

https://dailytrust.com/naira-redesign-iswap-abandons-nigerian-currency-taxes-farmers-traders-in-cfas

Let me not laugh. If you like vote APC again, the whole of Nigeria will be under tributaries. grin

21 Likes 1 Share

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by tobito33(m): 7:43pm On Nov 12, 2022

Naija it is finished!!!!!

10 Likes 2 Shares

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by McLizbae: 7:43pm On Nov 12, 2022

Lols... Naija and its floppy elements.

1 Like 1 Share

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by IrepChrist: 7:43pm On Nov 12, 2022

Interesting...... We are not telling ourselves some truth.

2 Likes 2 Shares

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by naijapips04: 7:43pm On Nov 12, 2022

Ka I ma nkea, I ma nke ozo?

2 Likes 1 Share

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by money121(m): 7:43pm On Nov 12, 2022

Awon werey

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by ShoeWorld2(m): 7:44pm On Nov 12, 2022

It's very bad for one to be fighting for illusionary fantasy. The fight never ends unless you're gone.

I dey sell sneakers sha embarassed

3 Likes

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by southsouthking(m): 7:44pm On Nov 12, 2022

It's becoming glaring by the day.
Something is fishy.

1 Like

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by RestructureNig1: 7:44pm On Nov 12, 2022

Sheikh Gumi said it

6 Likes

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by DadaHammed: 7:44pm On Nov 12, 2022

Buhari just carry Lake Chad dash Book Haram and ISWAP wholesale..

5 Likes 3 Shares

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by Cullinane: 7:44pm On Nov 12, 2022

Shay na Pablo Emilokan and him henchman Shettima when start Boko Haram wan stop this one now? LMFAO!!! I laugh in agbado and ewedu

9 Likes

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by Legend44(m): 7:44pm On Nov 12, 2022

Na dollars them so soon dey collect as ransom. Today I was high on liquor and I was kind of thinking what is really happening to this country. A once peaceful country when growing up now a kill zone. Where do we even trace the root cause of this whole insecurity. Apart from insecurity everything in this country na zero. Make we do J.J Rawlings style na even if we no gather them one place cos.them no go gree gather like that... Make we do am level by level.

12 Likes

Re: Naira Redesign: ISWAP ‘Abandons’ Naira, Taxes Farmers, Traders In CFAs by Dopkeena: 7:45pm On Nov 12, 2022

This is serious

2 Likes 1 Share

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