The Central Bank of Nigeria says it did not authorise Deposit Money Banks to accept old N500, N1000 notes.
The Bank in a statement signed by the Director Corporate Communications, Osita Nwanisobi said only the old N200 note is a legal tender till April 10, 2023.
The statement reads: “The attention of the Central Bank of Nigeria has been drawn to some fake and unauthorised messages quoting the CBN as having authorised the Deposit Money Banks to collect the old N500 and N1,000 Banknotes.
“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 recirculate the old N200 banknotes and this is expected to circulate as legal tender for 60 days up to April 10, 2023.”
The apex bank urged Media practitioners to “verify any information from the correct sources before publication”.
