The Central Bank of Nigeria (CBN) has urged the public to disregard claims that it has been ordered to continue issuing the old N200, N500, and N1000 notes until May 1, 2023.
The statement by the apex bank followed a contentious release uploaded by Nigeria’s First Lady, Aisha Buhari on her Instagram page on Tuesday, February 21.
Aisha had shared the alleged CBN statement which read; “Due to the current and unpleasant situation happening in Nigeria, in line with Mr. President.
“After having a closed meeting with him on the 20th of February, 2023, the Central Bank Of Nigeria (CBN) has been directed to ONLY reissue and recirculate the old N200, N500 and N1000 banknotes and this is expected to circulate as legal tender for 70 days up to May 1, 2023. Members of the public should therefore continue to spend the old notes.”
“Media practitioners are advised to PLEASE spread out this helpful information to the public.”
However, reacting to the press release and describing it as Fake News, the CBN swiftly debunked the statement via its official social media handle.
“The attention of the Central Bank of Nigeria has been drawn to some fake and unauthorized messages quoting the CBN as having authorized the Deposit Money Banks to collect the old N500 and N1,000 Banknotes. For the avoidance of doubt, and in line with Mr. President’s broadcast of February 16, 2023, the CBN has been directed to ONLY reissue and recirculate the old N200 banknotes and this is expected to circulate as legal tender for 60 days up to April 10, 2023.”
“Members of the public should therefore disregard any message and/or information not formally released by the Central Bank of Nigeria on this subject.”
“Media practitioners are advised to PLEASE verify any information from the correct sources before publication.”
