The Central Bank of Nigeria (CBN) has denied reports that President Muhammadu Buhari has approved the re-issuance of old naira notes.Information Guide Nigeria
The bank described the release of old N500 and N1000 notes as legal tender in the country as false.
According to the apex bank, in line with the directives of the President, only N200 old notes are to be reissued and circulated concurrently with the new notes.
THE NATION reports that CBN advised members of the public to ignore the fake news”, saying the CBN is working with the law enforcement agencies to investigate, apprehend and prosecute the purveyors of this fake news.”
