Skip to main content

Nigeria's First Lady Aisha Buhari Shares 70-day Extension Of Old Notes By The Central Bank Of Nigeria (CBN) - CBN Refutes The Claim

Earlier on today, Tuesday, the president’s wife, Aisha Buhari, shared a statement allegedly issued by the Central Bank of Nigeria (CBN) extending the validity of old N200, N500 and N1,000 notes to May 1, 2023.

The statement release purported that the CBN gave the directive on Tuesday, February 21 after a meeting with President Muhammadu Buhari.

“Due to the current and unpleasant situation in Nigeria, in line with Mr. President, after having a closed meeting with him on the 20th of February, 2023, Central Bank of Nigeria has been directed to only reissue and recirculate the old N200, N500 and N1,000 banknotes and this is expected to circulate as legal tender for 70 days up to May 1, 2023. It read.

“Members of the public should therefore continue to spend the old notes,” the statement read.

However in a reaction to the publication shared by the first lady, the CBN in a statement signed by Nwanisobi, dismissed the report .

The statement reads, “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. 

The CBN said: “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.


Comments

Post a Comment

Type your comments here

Popular posts from this blog

President Muhammadu Buhari Confers The Grand Commander Of The Order Of Niger, GCON, On Ibrahim Tanko, Ex-Chief Justice Of Nigeria (CJN), Who Only Just Resigned. New CJN SWORN IN.

Justice Olukayode Ariwoola, New CJN Justice Tanko Ibrahim resigned as the Chief Justice of Nigeria on Monday. President, Major General Muhammadu Buhari (retd.), swore in Justice Olukayode Ariwoola as the acting CJN. In a brief ceremony which was witnessed by Vice President Yemi Osinbajo, Chief of Staff to the President, Prof. Ibrahim Gambari, the Attorney General of the Federation, AGF and Minister of Justice, Abubakar Malami and some Justices the of Supreme Court.                     Ibrahim Tanko Ex CJN The immediate past CJN Ibrahim Tanko was on Monday conferred with The Grand Commander Of The Order Of Niger, GCON Justice Olukayode Ariwoola, was also sworn-in as the Acting CJN,  at the Presidential Villa, Abuja.             Justice Olukayode Ariwoola, New CJN The Grand Commander of the Order of Niger, GCON, is second to the highest honour in the country. President Buhari showered encomium at Tan...
1 comment
Read more

Breaking! Two Trains Were Involved In A Head-On-Collision In Greece

At least 32 people have died and dozens more were injured in the head-on collision between two trains near the city of Larissa on Tuesday night, reports the BBC. Rescuers have been working through the night to find survivors. The passenger train had been travelling from Athens to the northern city of Thessaloniki when it crashed head-on with the other freight train, leading to a fire in at least one of the carriages. It is being described as the worst train crash Greece has ever seen, but the cause of the collision is not yet known. About 150 firefighters and 40 ambulances were at the scene, Greek emergency services said, with cranes also used to remove debris. "It was a very powerful collision," the regional governor of the Thessaly region, Kostas Agorastos, told state-run television. "This is a terrible night... It's hard to describe the scene." He said the first four carriages of the passenger train were derailed, and the first two carriages caught fire and w...
Post a Comment
Read more

Prof Attahiru Jega-National Assembly Turning Democracy To Plutocracy

  National Assembly Turning Democracy To Plutocracy – Jega Prof Attahiru Jega, former Chairman of the Independent National Electoral Commission (INEC), has accused members of the National Assembly of turning the country’s democracy into a plutocracy where only the rich can seek political offices. Jega, in a town hall meeting on the electoral amendment bill 2021, organised by Yiaga Africa and partners. He said this while reacting to the astronomical increase in maximum campaign spendings as proposed by the National Assembly in the electoral amendment bill 2021.
Post a Comment
Read more