The President has not given the Central Bank of Nigeria (CBN) permission to reissue the old N200, N500, and N1000 notes.
In response to a news release that was spreading on social media under the CBN’s supposed name, the CBN denied it.
The press release reads: “Due to the current and unpleasant situation happening in Nigeria, in line with Mr. President after having a close meeting with him on 20th February 2023, Central Bank of Nigeria has been directed to ONLY reissue and recirculate the old N200, N500, and N1000 banknotes and this is expected to circulate as legal tender for 70 days up to May 1, 2023…”
However, the Director, Corporate Communication of the apex bank, Osita Nwanisobi in a terse statement said ‘It is fake news’.
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