This was contained in a press release made available to The Nextedition on Tuesday, February 21, 2023, and jointly signed by Mr. Edward Adamu, Deputy Governor, Corporate Services, and Mr. Osita Nwanisobi, Director, Corporate Communications, CBN.
The CBN said that Buhari had not given any approval for the old denominated notes to be reissued and re-circulated as legal tender for 70 days up to May 1, as stated in a fake press release.
“The attention of the Central Bank of Nigeria has been drawn to a FAKE PRESS RELEASE purported to have emanated from the Bank to the effect that President Muhammadu Buhari has approved the reissuance and release of old N500 and N1, 000 notes as the legal tender in the country.
“For the avoidance of doubt, the Central Bank of Nigeria reiterates that in line with the directives of Mr. President, only N200 old notes are to be reissued and to circulate concurrently with the new notes.
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“Members of the public are therefore advised to ignore this fake news,” the apex bank said.
It added that the bank was working with the law enforcement agencies to investigate, apprehend and prosecute the purveyors of this fake news.
“The bank is working with the law enforcement agencies to investigate, apprehend and prosecute the purveyors of this fake news.”
The statement urged Nigerians to be guided and to ignore the fake press release credited to the President.
