The Central Bank of Nigeria (CBN) has debunked a purported press release shared on the Instagram page of the First Lady, Aisha Buhari.
In the release shared on Aisha’s page on Tuesday, it was alleged that the old N500 and N1,000 notes remain legal tender for the next 70 days.
In a nationwide broadcast last Thursday, President Muhammadu Buhari had said that only N200 notes will remain legal tender until 10 April, while the N1,000 and N500 “remain redeemable at the CBN and designated points”.
Debunking the news, the CBN shared another release, labelling the one shared by Aisha as “fake news”.
The CBN said: “For the avoidance of doubt, and in line with Mr President’s broadcast of 16 February 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 10 April 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”.
