Home Business Nigeria’s apex bank, CBN, refutes report directing banks to collect old N500, N1000 notes
BusinessNews

Nigeria’s apex bank, CBN, refutes report directing banks to collect old N500, N1000 notes

Share
CBN logo
Share

Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has denied directing commercial banks to collect old N500 and N1,000 from Nigerians, dismissing the reports to that effect as false.

Confiance News gathered from a statement issued by the CBN director of corporate communications, Osita Nwanisobi, on Friday.

Nwanisobi, however, said that the apex bank did not give such directive.

“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,” the apex bank said.

The CBN official statement. Credit: CBN.

“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.”

Confiance News recalls that there were news making on Friday that the apex bank had made a u-turn and directed banks to collect old notes from Nigerians.

Please follow and like us:
Share

Leave a comment

Leave a Reply

Your email address will not be published.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

Start your career with NNPC Limited

Start your career with NNPC Limited
Start your career with NNPC Limited

Member

Don't Miss

How publisher of The Eagle Online became president of Media Cooperative Society

The publisher of The Eagle On-line, Dotun Oladipo, is the reigning president of Innovative Media Partners Cooperative Multipurpose Society...

‘How reliable are the public agencies involved?’ Netizen reacts to Union Bank’s Fire drill

Netizens raises concerns over the reliability of public agencies in real life fire outbreaks

Related Articles

How publisher of The Eagle Online became president of Media Cooperative Society

The publisher of The Eagle On-line, Dotun Oladipo, is the reigning president...

‘How reliable are the public agencies involved?’ Netizen reacts to Union Bank’s Fire drill

Netizens raises concerns over the reliability of public agencies in real life...

Reactions as Alex Iwobi releases new single

By Chioma Obinagwam British-Nigerian professional footballer, Alex Iwobi, has released a new...

Advertisements