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What to Do if You Still Have Old Money After December 31st Deadline


The Bank of Sierra Leone has announced that the grace period for exchanging old Leones has ended, meaning the pre-redenomination notes and coins are no longer legal tender as of January 1, 2024.

However, there’s still a window of opportunity to swap your old bills for the new ones. If you still have old Leones, don’t panic! You have until March 31st to exchange them for the new currency.

Individuals and businesses that are still in possession of the old Leone are encouraged to effect the change at any commercial bank between the 1st January 2024 and 31st March 2024. Most banks will be happy to exchange your old Leones for the new ones during the designated period.



If you can’t get to a commercial bank, you can also exchange your old Leones at the Bank of Sierra Leone or its designated agents.

After March 31st, the commercial banks may no longer accept old Leones. You can only exchange them at the Bank of Sierra Leone or its designated agents.

The redenomination of the Leone was introduced in July 2022 to address inflation and make the currency easier to use. The new Leones are worth 1,000 times the value of the old Leones.





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Super Advertis Reportedly Defrauds Sierra Leoneans of 9 Billion Leones


Super Advertise, an online business platform operational in Sierra Leone from October 2023 to late December 2023, finds itself in a startling situation as it faces allegations of fraudulent activities. According to reports from the Gleaner Newspaper, Super Advertis is accused of defrauding Sierra Leoneans, amounting to over Le 9,000,000,000.00 ($369,000.00) through task commissions.

Adding complexity to the situation, Super Advertise asserts that Orange-SL, a prominent mobile operator, has frozen all its accounts. This move by Orange-SL not only raises concerns but also intensifies the dispute as the online promotion service platform accuses the mobile operator of obstructing its operations.

Responding swiftly to the serious accusations, Orange-SL issued a statement on January 3rd, 2024, vehemently refuting any involvement or contractual association with Super Advertise. Orange-SL clarified that there are no frozen accounts linked to the accused company on their Orange Money platform.



The conflicting narratives from Super Advertise and Orange-SL have created unease within the Sierra Leonean community. Authorities are now tasked with the challenging responsibility of uncovering the truth behind these allegations and assessing the extent of Super Advertise’s alleged fraudulent activities.

The reported defrauded amount of Le 9,000,000,000.00 ($369,000.00) adds financial distress to an already sensitive matter, prompting affected individuals to seek justice and accountability for their losses.

This unfolding saga underscores the risks associated with online platforms and emphasizes the importance of exercising due diligence in engaging in online transactions. It serves as a reminder for users to be cautious and prompts regulatory bodies to enhance oversight in the continually evolving landscape of online services in Sierra Leone.



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Financial Intelligence Unit Launches Investigation Into Super Advertis For Alleged Investment Scam


The Financial Intelligence Unit (FIU), an institution dedicated to combating financial crime, has initiated an investigation, in collaboration with key stakeholders, into the suspected unlawful activities of Super Advertis.

This entity has been using various mobile money platforms in Sierra Leone to accumulate deposits from the public, falsely presenting itself as an investment opportunity.

Super Advertis stands accused of engaging in unlicensed and unregulated financial services, particularly utilizing mobile money agents to amass supposed investment funds.



This alleged scam, resembling a “PONZI SCHEME,” operates by reimbursing existing investors from contributions made by new investors, rather than generating legitimate profits from a lawful business. Investors are misled into believing that profits stem from genuine business operations, while they actually originate from new investors’ deposits.

Major mobile money service providers, including Orangemoney and Afrimoney, have implemented measures to limit access to the third-party accounts utilized by the suspected fraudsters. They are actively collaborating with relevant authorities in the ongoing investigations.

The FIU issues a cautionary advisory to the public, urging vigilance when encountering individuals or entities offering investment opportunities. It emphasizes the importance of conducting thorough due diligence, ensuring complete satisfaction regarding the legitimacy of any business before engaging in financial investments.

Safeguarding the public’s interests and preserving the integrity of financial systems remain paramount for the FIU. The unit assures the public of further updates as the investigation progresses.

Individuals are encouraged to promptly report any suspected dubious financial activities to the FIU or relevant authorities, contributing to efforts in combating fraudulent financial schemes.



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Elephant Bet’s AFCON 2024 Extravaganza! Bet on The AFCON Matches and Receive a Cashback in The Event of a Loss


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Elephant Bet Clarifies Misuse of Customer Service Line by Super Advertis


In a bid to address customer confusion, Elephant Bet Sierra Leone has issued a statement alerting its clientele that the hotline number ‘747’ is dedicated exclusively to Elephant Bet’s customer service and is not intended for any other purposes.

The company expressed concerns over Super Advertis allegedly directing their disgruntled customers to Elephant Bet’s designated customer support line. This misdirection has resulted in an inundation of calls to Elephant Bet from individuals seeking assistance related to Super Advertis, causing disruptions to their regular customer service operations.

“We’ve noticed an increasing number of discontented calls flooding our customer service line, attributing their grievances to Super Advertis,” a representative from Elephant Bet stated. “We want to unequivocally clarify to the public that Elephant Bet maintains no affiliation with Super Advertis. Our toll-free line, 747, is solely designated for addressing Elephant Bet’s customer concerns and cannot assist in matters pertaining to Super Advertis.”



The company urges its customers and the public to use the designated channels provided by Super Advertis for their inquiries or concerns related to their services.

Elephant Bet emphasized their commitment to providing seamless customer service solely for their own clientele and urged cooperation from all parties involved to prevent further confusion and inconvenience.



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New Online Business Company, Super Advertis Shuts Down in Sierra Leone


Newly introduced online business Company, Super Advertis has announced to customers that it will shut down in 2 – 3 days from today Tuesday 2nd January 2024.

This announcement was made on its website early today. According to the announcement, all funds of the company have been frozen by Orange, hence the reason for its shutdown.

The Company has directed its users and partners to go to Rakuten, which it stated is its other branch, to retrieve all their money.



It further directed that they contact the manager of Rakuten and send their account ID as well as their balance screenshots, to handle fund withdrawals.

The development comes a few days after mobile money giant, Orange disassociated itself of any partnership with Super Advertis saying it does not have any contractual dealings or in any way associated with the business/company.

Super Advertis company was introduced in Sierra Leone in 2023. The platform recruited online workers who were asked to complete daily tasks, with a daily income of 50-500 NLE. It also promised corresponding commissions by completing the increase in praise of the products on the platform.



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