The Central Bank of Nigeria has debunked false media report that it authorised commercial banks to collect old N500, N1000 notes.
A statement signed by Osita Nwanisobi, director, Corporate Communications of CBN on Friday February, 17 stated that “the attention of the Central Bank of Nigeria has been drawn to some fake and unauthorised messages quoting the CBN as having authorised 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.”
The statement urged members of the public to “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.”
