Afrigather 
The Central Financial institution of Nigeria (CBN) has denied any plans to redenominate or restructure the Naira.
The apex Financial institution in an announcement by its spokesman, Isa AbdulMumin, on Tuesday, stated the textual content message going spherical is the handiwork of pretend information peddlers who’re solely concerned with inflicting panic within the polity.
The assertion added that the viral textual content message is a rehash of an previous one which introduced a unique coverage in 2007.
The CBN famous that it’s contemplating insurance policies and reforms that can comply with laid down process and the related legal guidelines however added that redenomination of the nation’s authorized tender will not be on the desk.
The assertion learn in full:
“The eye of the Central Financial institution of Nigeria (CBN) has been drawn to the large circulation of
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a textual content message suggesting that the Financial institution plans to redenominate the nation’s authorized tender, the Naira, with impact from January 2024.
We’re involved that this narrative, which we had refuted prior to now, seems to be gaining traction with a number of debates on the implication of such a coverage for the Nigerian financial system.
We want to reiterate that the contents of the message are deceptive. The authors of the message, of their mischief, modified textual content eked from an previous coverage transfer by a earlier CBN Governor in 2007 to make it seem current.
For the avoidance of doubt, there’s presently no plan by the Financial institution to restructure and redenominate the naira. While the Financial institution could also be contemplating reforms, such are topic to laid down procedures in keeping with the provisions of the CBN Act, 2007.
The general public is hereby suggested to disregard the information report, as it’s speculative and calculated to trigger panic within the polity.”
