According to the Central Bank of Nigeria (CBN), only N200 old notes will be reissued and circulated alongside the new notes in accordance with President Muhammadu Buhari’s directives.
The bank reiterated this in a statement signed on Tuesday in Lagos by Mr Edward Adamu, Deputy Governor, Corporate Services, and Mr Osita Nwanisobi, Director, Corporate Communications, CBN.
According to the CBN, Buhari did not give approval for the old denominated notes to be reissued and circulated as legal tender for 70 days, as stated in a fake press release.
“The attention of the Central Bank of Nigeria has been drawn to a FAKE PRESS RELEASE purported to have emanated from the Bank.
“The fake press release purported that President Muhammadu Buhari had approved the reissuance and release of old N500 and N1000 notes as legal tender in the country.
“For the avoidance of doubt, the Central Bank of Nigeria reiterates that in line with the directives of Mr President, only N200 old notes are to be reissued and to circulate concurrently with the new notes.
“Members of the public are therefore advised to ignore this fake news,” it said.
It added that the bank was working with the law enforcement agencies to investigate, apprehend and prosecute the purveyors of this fake news.
The statement urged Nigerians to be guided and to ignore the fake press release credited to the President. (NAN)
