CBN disowns statement shared by Aisha Buhari on naira notes deadline

The Central Bank of Nigeria (CBN) on Tuesday disowned a statement shared by first lady, Aisha Buhari on her official Facebook and Instagram page that claimed the extension of the validity of old naira notes till May 1, 2023.

The statement, which is said to have been signed by Osita Nwanisobi, CBN spokesperson, began to circulate on social media platforms.

The statement claimed that the apex bank has been directed to recirculate the old naira notes, adding that they would remain legal tender till May.

The statement in question reads: “Due to the current and unpleasant situation happening in Nigeria, In line with Mr. President. After having a closed meeting with him on the 20th of February, 2023, the Central Bank Of Nigeria (CBN) 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.”

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“Members of the public should therefore continue to spend the old notes.

“Media practitioners are advised to PLEASE spread out this helpful information to the public.”

The misleading statement has since been deleted.

Through a post via its Twitter handle, the CBN described the viral statement as “fake news”.

“ The attention of the Central Bank of Nigeria has been drawn to a FAKE PRESS RELEASE Purported to have emanated from the Bank to the effect that President Muhammadu Buhari has approved the reissuance and release of old N500 and N1000 notes as legal tender in the country,” the statement read.

“For the avoidance of doubt, the Central Bank of Nigeria reiterates that in line with the directives of Mr. President, only N200 old notes are to be reissued and to circulate concurrently with the new notes. Members of the public are therefore advised to ignore this fake news.

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“The Bank is working with the law enforcement agencies to investigate, apprehend and prosecute the purveyors of this fake news. Please be guided accordingly.”

The apex bank advised members of the public to be wary of false information.

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