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5 Pounds
| Issuer | Central Bank of Nigeria |
|---|---|
| Year | 1965 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Log in to see details |
| Reverse lettering | Central Bank of Nigeria Five Pounds |
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| Protection type | Log in to see details |
| Protection description | the Central Bank of Nigeria eagle emblem visible in the circular unprinted area on both obverse and reverse |
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| Comments |
Nigeria's first post-independence banknote series, including this 5 Pounds, was introduced in 1965 when the Central Bank finally severed the currency's formal tie to the West African Currency Board — an institution that had issued colonial notes backed by sterling reserves held in London. The transition was more than symbolic: it required establishing independent monetary infrastructure almost from scratch.
De La Rue printed the entire series, a relationship that would continue until political disruption forced emergency alternatives. Within four years, the Biafran secession and the resulting civil war made distribution across the country's eastern regions impossible, and large-denomination notes like this 5 Pounds were among the most acutely affected by hoarding and wartime disruption.