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FAKE NEWS!!! #CBN Debunk Asking Banks To Accept Old N500 And N1000 Banknotes

Tgmedia by Tgmedia
February 17, 2023
in Banking, Business, News
0
#CBN

FAKE NEWS!!! #CBN Debunk Asking Banks To Accept Old N500 And N1000 Banknotes

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FAKE NEWS!!! #CBN Debunk Asking Banks To Accept Old N500 And N1000 Banknotes—-The Central Bank of Nigeria (CBN) has refuted news report quoting a source in the bank as saying that the apex bank has ordered commercial banks to start accepting the old N500 and N1000 banknotes.

This was made known in a recent tweet saying the report was fake and unauthorised.

the tweet read:

“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.

“For the avoidance of doubt, and in line with Mr. President’s broadcast of February 16, 2023, the CBN has been directed to ONLY re-issue and recirculate the old N200 banknotes and this is expected to circulate as legal tender for 60 days up to April 10, 2023.

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“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,”

PRESS RELEASE pic.twitter.com/AXkUlDGjx7

— Central Bank of Nigeria (@cenbank) February 17, 2023

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