By Tony Obiechina, Abuja
The Central Bank of Nigeria, CBN, has debunked a press release alleged to be from the bank, shared on the Instagram account of the wife of the President, Aisha Buhari.
In the release, it was purported that the old N500 and N1000 naira notes should remain legal tender till May 1, 2023.
However, debunking the report the CBN in another press statement, signed by
Director, Corporate Communications,
Osita Nwanisobi and Deputy Governor, Corporate Services, Edward L. Adamu
described the one shared on Aisha’s page as “fake news.”
The statement reads: “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 are to be reissued and to circulate on currently 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. Please be guided accordingly”.
