The Central Bank of Nigeria (CBN) has refuted report quoting it as having authorized the deposit money banks to collect the old N500 and N1,000 bank notes.
The CBN described the report as fake and unauthorized.
The apex bank’s spokesman, Osita Nwanisobi, said the CBN stands by the directive of President Muhammadu Buhari that only allows the old N200 note to circulate with the new one for a period of 60 days.
Nwanisobi in a statement said;“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 bank notes.
“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 re-circulates the old N200 bank notes 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”.
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