Naira redesign.: ISWAP terrorists prevent farmers and fishermen in Lake Chad from paying with Nigerian currency and want CFAs

The Shura Council of the Islamic State of West African Province (ISWAP) has outlawed accepting Naira from farmers and fishermen in the Tumbus region of Lake Chad in response to the Nigerian government’s decision to redesign and reprint greater denominations of the currency.
The redesign of the N200, N500, and N1000 notes was announced by the Nigerian government. They will start to be issued in December and lose their legal tender status on January 31, 2023.

According to information obtained, the government’s action had confused the ISWAP community in the Tumbus region of Lake Chad and forced them away from bank locations, where they would have found it incredibly challenging to transfer their money into new currency notes.
Zagazola Makama, a counterinsurgency expert and security analyst in the Lake Chad region, was informed by an intelligence source that the insurgents were now getting West African CFA Francs, which they intended to use to replace the Nigerian Naira as the region’s primary unit of exchange.
In order to stop the Naira from reaching the terrorists’ camps in the Lake, the sources claimed that the jihadists had also forbade all Nigerian farmers, herders, and fisherman from sneaking into Lake Chad through Marte, Abadam, and Gamboru Ngala.

The ISWAP Militant Commanders in charge of taxes and levies, Ibn Umar and Malam Ba’ana, who enforced the embargo, said that only villages in the Cameroon Republic called Bulgaram, Cikka, Guma, Maltam, Doron Liman, and Ramin Dorina were secure entry points for people.
In return, ISWAP collects monthly taxes from the persons who seem very willing to pay in the amount of 1,500 West African CFA Francs.
In order to give traders access to supplies of food, weapons, fuel, and other logistics, they have also secured trade routes for them.