The Central Bank of Nigeria (CBN) has refuted claims that it has directed commercial banks to recirculate old 500 and 1000 naira notes.
Aisha Buhari, the wife of President Muhammadu Buhari, on Tuesday, posted a statement that claimed the CBN had ordered the recirculation of the old notes on her Instagram page.
The supposed CBN statement posted by Aisha Buhari was credited to Osita Nwanisobi, Director of CBN Corporate Communications Department.
A few hours later, the CBN disowned the statement and described it as ‘fake news’.
“Please be wary of fake news,” CBN said in a tweet with an initial statement, saying the old 500 and 1000 notes have ceased to be legal tender as directed by Buhari.
