The Central Bank of Nigeria, CBN, has denied reports circulating on the social media that it has asked deposit money banks to collect the old N500 and N1,000 banknotes.
In a statement on Friday, CBN, Director of Corporate Communications, Osita Nwanisobi said, the apex bank has not authorized any bank to receive the deposit of old 500 and 1,000 naira notes.
In line with President Muhammadu Buhari’s national broadcast on Thursday, it restates the order that, the CBN is only reissuing and recirculating the old N200 bank notes and which is expected to circulate as legal tender for 60 days up until April 10, 2023.
The CBN however advised members of the public to disregard any message or information that is not formally released by the bank on this subject.
PR/Taiwo Akinola
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