For the second time in four days,the Central Bank of Nigeria has restated it’s stand that only the old N200 notes will be reissued to the public.
This directive is contained in a press release on Tuesday signed by Osita Nwanisobi,Director of Communications and Edward Adamu,Deputy Governor,Operations
Full statement below:
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 reissuance and release of old N500 and N1000 notes as 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. Members of the public are therefore advised to ignore this
fake news.
The Bank is working with the law enforcement agencies to investigate, apprehend and
prosecute the purveyors of this fake news.
Please be guided accordingly.
Osita Nwanisobi
Director, Corporate Communications
February 21, 2023
Edward L. Adamu
Deputy Governor, Corporate Services
