Breaking News:CBN Denies Giving Banks Instructions On RecollectionOf old Notes.
Below Is The Official Statement Of The Central Bank Of Nigeria Addressing The Rumor.

CBN Denies Giving Banks Instructions On Recollection Of Old Notes

In A Press  Statement Released By The CBN This Evening Around 5:03PM. The CBN Gives Their Verdict On The Trending Rumor: 

The attention of the Central Bank of Nigeria has been drawn to some fake and unauthorized messages quoting the CB as having authorized 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 CB 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. Members of the public should therefore disregard any message and/or information not formally released by the Central Bank of Nigeria on this subject.
Media practitioners are advised to PLEASE verify any information from the correct sources before publication.

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