The Central Bank of Nigeria has warned the citizen not to be deceived by some media publications circulating the net earlier today stating that the CBN has authorized the Commercial Banks to collect the old 500 and 1000 Naira notes.
The Director of Corporate Communication Department of the Central Bank of Nigeria, Mr. Osita Nwanisobi signed a press release on Friday 17th, February 2023 stating that there is no official publication regarding the fake news circulating the net.
The Press Release 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 500 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 recirculates 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 source before publication."
