Anietie Udobit, Abuja
The Central Bank of Nigeria, CBN has refuted reports that it authorizes the deposit money banks to collect the old N500 and N1000 banknotes, describing it as fake and unauthorized messages.
In a Press Release signed by the Apex Bank Director Corporate Communications, Osita Nwanisobi on Friday evening, the statement reads;
“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 60days up to April 10, 2023.”
The statement also appeal to members of the public to disregard any message or information not formally released by the Bank on the subject, and the Media Practitioners to verify any information from the correct sources before publication.
