Following the news disseminated earlier that the Central Bank Of Nigeria ordered banks to accept the old N1000 and N500 notes, the bank has come out to debunk the claims.
A press release signed on Friday the 17th of February 2023 by Osita Nwanisobi, Director, Corporate Communications Department of the CBN, stated that the public should disregard the prior false information.
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” the statement concluded.