CBN dismisses report asking banks to collect old N500, N1000 notes
The Central Bank of Nigeria (CBN) has dismissed the claim that it has directed commercial banks to start collecting the old N500 and N1000 notes.
A source in the apex bank earlier revealed that the CBN has directed commercial banks to start collecting the old naira notes.
The mother of all Nigerian banks in a statement on Friday described the report as false and unauthorised.
The spokesperson of the CBN, Osita Nwanisobi, revealed that the apex bank maintains and keeps to the position of President Muhammadu Buhari which makes only old N200 note legal tender till April 10.
“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.
“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,” Nwanisobi stated.
