Afrigather The Central Financial institution of Nigeria (CBN) has debunked claims that it requested banks to gather the previous N500 and N1,000. The Director, of Company Communication, Mr Osita Nwanisobi made this assertion in response to media studies that the apex financial institution had directed business banks to gather the previous N500 and N1,000.
He mentioned: “The eye of the Central Financial institution of Nigeria has been drawn to some pretend and unauthorised messages, quoting the CBN as having authorised the Deposit Cash Banks to gather the previous N500 and N1,000 banknotes.
Nwanisobi famous that “in keeping with Mr President’s broadcast of February 16, the CBN has been directed to ONLY re-issue and recirculate the previous N200 banknotes and that is anticipated to flow into as authorized tender for 60 days as much as April 10.
He additional urged members of the general public to ignore any message or data not formally launched by the Central Financial institution of Nigeria on this topic.
Additionally, the CBN Spokesman charged media practitioners to very any data from the right sources earlier than publication.
False report
Earlier a number of media retailers had reported that the apex financial institution had directed banks to start out accepting previous N500 and N1,000 notes from prospects. In addition they said that any quantity above N500,000 couldn’t be deposited.
These studies come amid the nationwide outrage over the rejection of the notes that President Muhammadu Buhari declared had been not authorized tender. Protests towards Buhari’s announcement have erupted in Lagos, Ibadan, Ogun, and Rivers states.
CBN’s enchantment to Nigeria
Regardless of the civil unrest necessitated by the naira shortage, CBN governor, Godwin Emefiele has pleaded with Nigerians to permit the redesign coverage to work. He assured that the coverage will cut back the issue of corruption and illicit monetary flaws and cut back the extent of insecurity within the nation.
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