By Tunde Sholanke
The Central Bank of Nigeria (CBN),says it didn’t receive presidential orders to reissue the old N200, N500 and N1000 naira notes.
The apex bank’s position was sequel to a press release purportedly from the CBN circulating on social media.
It reads: “Due to the current and unpleasant situation happening in Nigeria, in line with Mr. President after having a close meeting with him on 20th February 2023, Central Bank of Nigeria 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…”
But the the Director, Corporate Communication of the apex bank, Osita Nwanisobi in a statement on Tuesday,said it is fake news and urged Nigerians to disregard same.
He added:”The attention of the Central Bank of Nigeria has been drawn to a Fake Press Release purported to have emanated from the Bank to the effect that President Muhammadu Buhari has approved the reissuance and release of old N500 and N1000 notes as legal tender in the country.
“For the avoidance of doubt, the Central Bank of Nigeria reiterates that in line with the
directives of Mr. President, only N200 old notes areto be reissued and to circulate
concurrently with the new notes.Members of the public are therefore advised to ignore this
fake news.
“The Bank is working with the law enforcement agencies to investigate, apprehend and prosecute the purveyors of this fake news.
