Terrorists reject old Naira notes as ransom for four Zamfara hostages

Terrorists reject old Naira notes as ransom for four Zamfara hostages


The hopes of four persons who were kidnapped in Kolo village of Gusau Local Government Area in Zamfara State of regaining their freedom soon are on a cliff hanger.


This followed alleged rejection of ransom which was paid by relatives of some of the hostages to the kidnappers.

A man and woman along with two children who are Orphans are the abductees, according to Maidawa Arewa (online Newspaper) report.

The paper also said an indigene of the area Mohammed Ibrahim said the bandits have earlier demanded N10m as ransom but after the negotiation, they agreed to collect N5 million.

The terrorists, according to the Newspaper, sent a message today (Tuesday) that, they would not release the kidnapped victims until after the change of new Naira notes.

“As we were trying to gather the money demanded by the terrorists, they sent another message this morning that they would not collect old Naira notes.

“They said that they would keep the abducted persons in their camps until next month, December when the new Naira notes were released”, the source said.

SP Mohammed Shehu, spokesman of the Nigeria police Command in Zamfara State, is yet to respond to inquiries by TheNewspad.com

But, a dependable source revealed that the traumatised indigenes of Kolo village have reported to communal effort to raise the ransom towards the release of the quartet in captivity for the past few days.

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Recall that President Muhammadu Buhari on Wednesday, unveiled the redesigned of new N200, N500, and N1,000 naira notes which would help the Central Bank of Nigeria (CBN) monetary policy initiative.

He unveiled the notes on before the start of the Federal Executive Council meeting presided over by the President at the Presidential Villa in Abuja.

In a brief remark, President Buhari assured the redesigning of the naira notes would not only help the Country to address the issue of
illicit financial flows and corruption but also improve the economy and the value of the nation’s currency.

He explained that the first set of currency printed locally by the Nigeria Printing and Minting Company would prevent counterfeiting of the notes.

Godwin Emefiele, the CBN Governor, while briefing, earlier warned Nigerians against holding of the old notes, noting that there was no going back on the January 31, 2023 deadline to completely render the old notes useless.

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