The Central Bank of Nigeria (CBN) has denied reports that it is still taking deposits of the old N500 and N1,000 Naira notes.
The CBN in a statement issued on Friday evening by the Director, of Corporate Communication, Osita Nwanisobi said that it did not receive any directive from the president to continue taking deposits of the old currencies.
“The attention of the CBN has been drawn to some fake and unauthorized messages quoting the CBN as having authorized the Deposit Money Banks to collect the old N500 and N1000 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 legs tender for 60 days up to April 10, 2023.
“Members of the public should therefore disregard any message and/or any information not formally released by the Central Bank of Nigeria on this subject, “
