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
Biafra Uwazuruike of the Movement for the Actualization of the Sovereign State of Biafra (MASSOB) disclosed that the director of Radio Biafra and leader of the Indigenous People of Biafra (IPOB) under RBL, Nnamdi Kanu, does not belong to the movement and was sacked for indiscipline and for inciting violence among members. In 2016, another MASSOB director of information Mr. Uchenna Madu was expelled from MASSOB for misconduct and inciting violence, Mr Madu is now leading another faction of MASSOB. In 2017, MASSOB launched another radio station named Voice Of Biafra International, and also re-branded MASSOB with the name, Biafra Independent