By our Reporter
The Central Bank of Nigeria (CBN) has on Friday denied claims that it ordered commercial banks to accept the old N500 and N1,000 banknotes.
In a statement signed by the spokesperson of the bank, Osita Nwanisobi, the apex bank described the claims as “fake and unauthorized”.
On Friday, reports circulating on social media claimed that the CBN had ordered banks to start collecting the old N500 and N1,000 notes from the public. The reports claimed that the banker’s bank has fixed the maximum amount the banks could collect from their customers at N500,000.
But in its reaction Friday, the bank urged Nigerians to disregard the claims as it never authorised the banks to take such decisions.
“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,” the statement said.
“For the avoidance of doubt, and in line with Mr President’s broadcast of February 16, 2023, the CBN has been directed to ONLY reissue and recirculates the old N200 banknotes and this is expected to circulate as legal tender for 60 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.”
The bank urged “media practitioners” to verify any information “from the correct sources before publication.”