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5 Pounds 1972, Nigeria

in Krause book Number: 13a
Years of issue: 1972
Edition:
Signatures: Governor: Dr. Clement Nyong Isong (Served From: 15/8/1972 - Retired 24/9/1975), General manager: Mr. D. O. Dafinone (7/1/1970 - 10/15/1975)
Serie: Third Series
Specimen of: 1968
Material: Cotton fiber
Size (mm): 155 х 89
Printer: TDLR (Thomas de la Rue & Company), London

* All pictures marked magnify are increased partially by magnifying glass, the remaining open in full size by clicking on the image.

** The word "Specimen" is present only on some of electronic pictures, in accordance with banknote images publication rules of appropriate banks.

5 Pounds 1972

Description

Watermark:

Watermark

Head of lion. Security thread.

Avers:

5 Pounds 1972

Bank of Nigeria

The building of Bank of Nigeria in Lagos is on left side.

The building was built in the second half of the 1950s, it is embodied on the banknote as it looked just after construction.

Denominations in numerals are in all corners. In words at the top.

Revers:

5 Pounds 1972

cocoa

Group of Nigerians preparing cocoa fruit for further processing. Behind them are the cocoa trees with fruits.

achievement

On the left side is the Achievement of Nigeria.

An achievement for Nigeria was granted by Queen Elizabeth by Royal Warrant of 20 May 1960, four months before Independence. It is:

Arms: Sable, a pall wavy Argent.

Crest: On a wreath Argent and Vert, an eagle rising Gules

Supporters: Two horses Argent.

Motto: UNITY AND FAITH.

Compartment: A grassy ground strewn with Cocti Spectabilis all proper.

The pall wavy symbolizes the confluence of the rivers Benue and Niger, dividing the country in the Northern, Western and Eastern Regions. The wreath is in the colors of the flag and the red eagle is a symbol of power and resoluteness. The two horses symbolize the dignity of the people. They are standing on a grassy ground strewn with the national flower, symbolizing the territory of Nigeria.

According to the Constitution of the Federal Republic of Nigeria, 1979, Chapter II, 15 - 1 “The motto of the Federal Republic of Nigeria shall be Unity and Faith, Peace and Progress”.

Denominations in numerals are in all corners. In words lower, in center.

Comments:

1958 1958

Signature at lower right: General manager!

On banknote are signatures of:

NigeriaGovernor of the Bank Dr.Clement Nyong Isong.

NigeriaGeneral manager of the Bank Mr. D.Dafinone.

The pound was the currency of Nigeria between 1907 and 1973. Until 1958, Nigeria used the British West African pound, after which it issued its own currency. The pound was subdivided into 20 shillings, each of 12 pence. The Nigerian pound (which was at parity with the British pound with easy convertibility) was replaced with the introduction in 1973 of the decimal naira at a rate of 1 pound = 2 naira. This made Nigeria the last country to abandon the £sd currency system.

In 1918, emergency issues were made by the government in denominations of 1, 10 and 20 shillings. In 1959, the Central Bank of Nigeria introduced notes in denominations of 5 and 10 shillings, 1 and 5 pounds. Three series of notes were issued, in 1958, 1967 and 1968.