Naira Redesign: CBN Debunks Statement On Aisha Buhari’s Page

Central Bank of Nigeria (CBN) has debunked a press release credited to the apex bank on the Instagram account of the wife of the President, Aisha Buhari.

Gatekeepers News reports that the release shared on Aisha’s page on Tuesday alleged that the old N500 and N1000 naira notes would remain legal tender till May 1, 2023.

The CBN however debunked the release, describing it as “fake news.”

The statement made available by the apex back reads: “CBN Sticks to Presidential Directive to Reissue only 200 Naira Old Banknotes. 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 re-issuance and release of old N500 and N1000 notes as legal tender in the country.

“For the avoidance of doubt, and in line with Mr. President’s broadcast of February 16, 2023, the CBN has been directed to ONLY reissue and recirculates 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.”