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
Killing of Pro-Biafra Protesters (2015–2016) Nigerian military and Federal Government have strenuously denied engaging in any of these acts. On 24 November 2016, Amnesty International accused Nigerian security forces of killing at least 150 Biafra's secession peaceful advocates. The rights group also said Nigerian military fired live ammunition, with little or no warning, to disperse members of the Indigenous People of Biafra (IPOB) group between August 2015 and August 2016. But the military and police dismissed the allegations and say it was aimed to tarnish the security forces reputation. The May 30, 2016 Biafra Day Demonstrations – a series of protests that commemorate the 1967