FAKE NEWS: CBN Denies Authorizing Banks To Collect N500, N1,000 Old Notes

CBN-Central-Bank-Nigeria

LAGOS FEBRUARY 17TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has denied reports in some of the media that it has authorize banks to accept N500 and N1,000 old notes as deposit.

Recall that media houses have been spreading the information that  CBN has directed Banks to collect old N500, and N1,000 notes from customers with reference to code generated from its website.

The fake report said  that the branches received a directive from the head office some hours ago that they should collect the old notes from their customers who have enrolled and generated reference code from the CBN website.

Debunking the information in a statement signed by  CBN Director, Corporate Communications, Osita Nwanisobi sighted by NewsRangers, the apex banks stated, “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 60 days up to
April 10, 2023.

“Members of the public should therefore 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.”

SEE STATEMENT BELOW:

www.cbn.gov.ng
Central Bank of Nigeria

Press Release

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 60 days up to
April 10, 2023. Members of the public should therefore 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.

Osita Nwanisobi

Director, Corporate Communications

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Posted by on Feb 17 2023. Filed under National. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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