New Naira Notes: CBN Debunks Press Statement Shared by Aisha Buhari

The Central Bank of Nigeria (CBN) has debunked a purported press statement shared on the Instagram page of the First Lady, Aisha Buhari.

In the press statement, it was alleged that the old N500 and N1000 notes should remain legal tender for the next 70 days, till May 1, 2023.

Debunking the story, the CBN shared another release, labelling the one shared by the First Lady as “fake news.”

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“For the avoidance of doubt, and in line with Mr. President’s broadcast of February 16, 2023, the CBN has directed Banks to ONLY reissue and recirculate the old N200 banknotes 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,” the latest press statement read

As at the time of filing this report, the earlier ‘fake’ CBN press statement was still on Aisha Buhari’s page.