Afrigather 
The Central Financial institution of Nigeria (CBN) on Friday mentioned it didn’t ask industrial banks to gather the previous N500 and N1,000 notes.
POLITICS NIGERIA stories {that a} report by a Nigerian newspaper claimed that the CBN directed industrial banks to start out accumulating the old notes from the general public with rapid impact.
The report mentioned the CBN nonetheless pegged the utmost quantity the banks can gather at N500,000.
The previous N500 and N1000 currencies had been no extra authorized tender.
It was reported that the apex financial institution ordered the banks to gather the monies as a substitute of going to the CBN workplace following difficulties encountered in having access to the financial institution nationwide.
However in an announcement by Osita Nwanisobi, its Director of Company Communication, the CBN said that the report is fake.
The assertion partly reads: “The eye of the Central Financial institution of Nigeria has been drawn to some faux and unauthorised messages, quoting the CBN as having authorised the Deposit Cash Banks to gather the previous N500 and N1,000 banknotes.
“Members of the general public ought to disregard any message and/or data not formally launched by the Central Financial institution of Nigeria on this topic.”
