The Central Bank of Nigeria, CBN, has debunked the message that it has authorised the deposit of N500 and N1,000 old Naira Notes in the commercial banks.
In a press statement issued by the Director, Corporate Communication Departments, Central Bank of Nigeria, Osita Nwanisobi, said the message in circulation is false and did not originate from the apex bank.
It maintained that only N200 naira old note has been authorised to remain legal tender till April 10, 2023.
The statement reads: “The attention of the Central Bank of Nigeria has been drawn to some fake and unauthorised messages quoting the CBN as having authorised 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.”