Naira Crisis: Simon Ekpa Announces Establishment Of Biafracoin

February 28, 2024
12 Views

Biafracoin

Mazi Simon Ekpa, the Prime Minister of the Biafra Republic Government in Exile, declared that Biafrans have collectively chosen to introduce a digital currency called Biafracoin in response to the ongoing Naira crisis.

The Finnish-based lawyer, Ekpa, disclosed this on Wednesday in a statement through his official X handle.

The adoption of Biafracoin comes following the recent establishment of the Biafra Digital Currency Act 04/2024, which empowers the government to provide digital currency to Biafrans through Biafra Coin.

According to him, the value of 1 Biafracoin is equal to 1 US Dollar.

He urged Biafrans to invest in Biafracion amid the continued volatility of the Naira against other currencies in the foreign exchange market.

Ekpa added that Biafracoin will be on the global stock exchange market and acceptable in all cryptocurrency transactions.

“The Biafra Republic government in Exile has adopted the establishment of Biafra Digital Currency Act 04/2024, which empowers the government to provide digital currency to Biafrans in Biafracoin. The value is 1 US dollar, equal to 1biafracoin.

“As the Nigerian Naira has crashed, we encourage Biafrans to start investing in the Biafracoin as soon as it is public. The Biafra coin will be on the stock exchange and will be globally acceptable in any cryptocurrency transactions”, he said.

DAILY POST recall that, on Tuesday, the Naira depreciated to N1,615.94 per USD from N1,582.94 on Monday.

On February 1, BRGIE unveiled a voting portal with over three million Biafrans who have voted for the Biafra Referendum.

You may be interested

NPFL: Rangers Fall To Rivers United, Enyimba Draw Away
Sports
5 views
Sports
5 views

NPFL: Rangers Fall To Rivers United, Enyimba Draw Away

Webby - April 21, 2024

Leaders Rangers fell to a 2-0 defeat against Rivers United in Port Harcourt on Sunday.Fidelis Ilechukwu’s side however maintained top…

Ejuke Scores Winner In Antwerp’s Win Over Cercle Brugge
Sports
2 views
Sports
2 views

Ejuke Scores Winner In Antwerp’s Win Over Cercle Brugge

Webby - April 21, 2024

Chidera Ejuke was the hero as Royal Antwerp recorded a 1-0 away win against Cercle Brugge at the Jay Breydelstadion…

News
5 views

RR vs MI IPL Betting Preview April 22 2024: Odds, Offers, Prediction, Tips and Line Ups

Webby - April 21, 2024

Top of the table Rajasthan Royals welcome Mumbai Indians to Jaipur for this IPL encounter. The home team have won…

Leave a Comment

Your email address will not be published.