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
Republic of Benin (1967) and at the same time NCNC partisans began to clash with supporters of other parties, and the non-Igbo rejection of the invasion was solidified. As Okonkwo's administration continued to lose the support of the Mid-Western Region's populace, they became desperate. On 19 September 1967, the Biafrans rebranded the region by proclaiming the Republic of Benin, an independent state separate from Biafra, as a last-ditch effort. It was believed that even if it could not win non-Igbo support, the new state might at least physically divide Biafra from the Nigerian federal forces. Citing the deaths of Mid-Western residents in the northern