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Old Naira Notes: CBN Denies Fake News On Aisha Buhari’s Social Media Handles

The fake news posted on the two social media handles of the First Lady on Tuesday morning purportedly indicated that the old N200, N500 and N1000 banknotes have been allowed to be recirculated as legal tender

Newsroom Nigeria by Newsroom Nigeria
February 21, 2023
in BUSINESS LIFE, News
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The Central Bank of Nigeria (CBN) has debunked the fake news posted on the verified Instagram and Facebook handles of the First Lady of Nigeria, Mrs Aisha Buhari

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The fake news posted on the two social media handles of the First Lady on Tuesday morning purportedly indicated that the old N200, N500 and N1000 banknotes have been allowed to be recirculated as legal tender till May 1, 2023 contrary to the directive of President Muhammadu Buhari that only the old N200 banknote is allowed as legal tender till April 10, 2023.

But, minutes later, the CBN dismissed the one on Aisha’s page as ‘’fake news’’ while sharing another release.

Last RFriday, the apex bank also put out he press release below on the currency swap:

“The attention of the Central Bank of Nigeria 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 N1,000 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 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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