The Central Bank of Nigeria (CBN) has denied reports making the rounds in the media (not The Next Edition) that it has directed deposit money banks to collect old N500 and N1,000 notes from customers.
Mr. Osita Nwanisobi, Director, Corporate Communications, disclosed this in a statement on Friday, stating that no such directive was given to the banks.
The statement read: “The attention of the Central Bank of Nigeria has been drawn to some fake and unauthorised messages quoting the CBN as having authorized the deposit Money Banks to collect N500 and N1,000 bank notes.
READ ALSO: JUST IN: CBN Directs Banks To Accept Old N500, N1,000 Notes
“For the avoidance od doubt, and in line with Mr. President’s broadcast of February 16, 2023, theCBN has been directed to ONLY reissue and recirculate the old N200 banknotes and this is expected to circulate as legal tender for60 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 PLEASED verify any information from the correct sources before publication.”
