Biafra by a governor and four directors; the first governor, who signed on bank notes, was Sylvester Ugoh. A second decree, "Decree No. 4 of 1967", modified the Banking Act of the Federal Republic of Nigeria for the Republic of Biafra. The bank was first located in Enugu, but due to the ongoing war, it was relocated several times. Biafra attempted to finance the war through foreign exchange. After Nigeria announced their currency would no longer be legal tender (to make way for a new currency), this effort increased. After the announcement, tons of Nigerian bank notes were transported in an
Bight of Biafra the new state lost the ensuing Nigerian Civil War. In 1975, by decree, the Nigerian government changed the name of the Bight of Biafra to the Bight of Bonny. Bight of Biafra The Bight of Biafra (also known as the Bight of Bonny) is a bight off the West African coast, in the easternmost part of the Gulf of Guinea. The Bight of Biafra, or Mafra (named after the town Mafra in southern Portugal), between Capes Formosa and Lopez, is the most eastern part of the Gulf of Guinea; it contains the islands Fernando Poo [Equatorial Guinea], Prince’s and St