The Central Monetary institution of Nigeria (CBN) has debunked claims that it requested banks to get the outmoded N500 and N1,000. The Director, of Corporate Communication, Mr Osita Nwanisobi made this assertion in response to media reports that the apex financial institution had directed commercial banks to get the outmoded N500 and N1,000.
He talked about: “The attention of the Central Monetary institution of Nigeria has been drawn to a couple false and unauthorised messages, quoting the CBN as having accepted the Deposit Money Banks to get the outmoded N500 and N1,000 banknotes.
Nwanisobi renowned that “in response to Mr President’s broadcast of February 16, the CBN has been directed to ONLY re-wretchedness and recirculate the outmoded N200 banknotes and this is anticipated to poke as apt soft for 60 days as much as April 10.
He additional entreated individuals of the overall public to ignore any message or facts not formally released by the Central Monetary institution of Nigeria on this field.
Additionally, the CBN Spokesman charged media practitioners to very any facts from the gleaming sources earlier than newsletter.
Earlier several media stores had reported that the apex financial institution had directed banks to originate accepting outmoded N500 and N1,000 notes from customers. They also talked about that any quantity above N500,000 could well well not be deposited.
These reports come amid the nationwide outrage over the rejection of the notes that President Muhammadu Buhari declared had been now not apt soft. Protests against Buhari’s announcement obtain erupted in Lagos, Ibadan, Ogun, and Rivers states.
CBN’s allure to Nigeria
Without reference to the civil unrest necessitated by the naira shortage, CBN governor, Godwin Emefiele has pleaded with Nigerians to enable the redesign protection to work. He assured that the protection will within the reduction of the express of corruption and illicit financial flaws and within the reduction of the stage of insecurity within the country.
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