dark

Again, CBN denies order to reissue old naira notes

CBN Headquarters

. Sticks to presidential directive to reissue only N200

The Central Bank of Nigeria (CBN) has again refuted reports that it received presidential orders to reissue the old N200, N500 and N1000 naira notes.

The rebuttal followed a viral fake press release purportedly from the apex bank.

In a statement jointly signed by its Deputy Governor, Corporate Services, Edward L. Adamu, and Director, Corporate Communications, Osita Nwanisobi, described the purported statement as fake.

Titled “CBN Sticks to Presidential Directive to Reissue only 200 Naira Old Banknotes,” 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 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. Please be guided accordingly.”

Earlier today, a misleading statement read: “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…”

The Bank is working with the law enforcement agencies to investigate, apprehend and prosecute the purveyors of this fake news.

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

On World Day of Social Justice, deeper dialogue across ‘real economy’ can drive progress, UN deputy chief says

Next Post

Coalition seeks reinvestment of petrol subsidy into health sector

Related Posts
Total
0
Share