Afrigather 
By Ozumi Abdul
The Central Financial institution of Nigeria (CBN) has denied studies making the rounds that it has licensed deposit cash banks to gather the previous N500 and N1,000 banknotes.
In an announcement by Osita Nwanisobi, CBN’s Director of Company Communications on Friday, the apex financial institution mentioned for the avoidance of doubt the CBN is barely reissuing and recirculating the previous N200 banknotes and which is predicted to flow into as authorized tender for 60 days as much as April 10, 2023, in step with President Muhammadu Buhari’s nationwide broadcast on Thursday.
The CBN suggested members of the general public to ignore any message and/or info not formally launched by the financial institution on this topic.
It additionally suggested media practitioners to endeavour to confirm any info from the proper sources earlier than publication.
“The eye of the Central Financial institution of Nigeria has been drawn to some pretend and unauthorized messages quoting the CBN as having licensed the Deposit Cash Banks to gather the previous N500 and N1,000 notes
“For the avoidance of doubt, and in step with Mr. President’s broadcast of February 16, 2023, the CBN has been directed to ONLY reissue and recirculate the previous N200 banknotes and that is anticipated to flow into as authorized tender for 60 days as much as April 10, 2023.
“Members of the general public ought to subsequently disregard any message and/or info not formally launched by the Central Financial institution of Nigeria on this topic”, the state learn partially.
