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

In The Spotlight

  On Saturday night, the starboy 'himself' Wizkid, held a music concert in Lagos. Wizkid and Olamide, Nigeria's mega music superstars, thrilled fans to a fantastic concert in Lagos. The concert as part of a music world tour by Wizkid, featured the likes of Olamide, Fireboy and Lojay.  Their performance at the concert was electrifying.  Olamide and Wizkid, performed songs, they did together in the past, their old songs. Thereby, settling rumours of 'bad blood' between the two as perceived by fans. Wizkid appreciated Olamide and reminisced on old times when they were still struggling. He said: “We’ve come so far from that life, I remember when we did that song ‘Omo Toh Shan’. “We thank God for our lives my brother.” The latest music sensation known as 'Portable', also performed. He was sprayed with foreign currency by Wizkid as he performed on stage with Olamide. They all gave a spectacular performance for the night. 'Portable' is known for his hit son...
2 comments
Read more

Breaking: Asiwaju Bola Ahmed Tinubu’s Campaign DG Has Left The All Progressive Congress, APC.

Honourable Abdulmumin Jibrin, the Campaign Director General of APC frontline presidential aspirant, Ahmed Tinubu, has left the ruling All Progressive Congress, APC. He made his decision known via his Twitter handle. He tweeted, “I have done my best for APC. Its time to move on. I will announce my new political party within the next 24 hours insha Allah. I will make a formal statement in due course. Hon Abdulmumin Jibrin.” Jubril in the last weeks aggressively campaigned for Tinubu.  On several platforms, he asserted his position on a Southern presidency. During an interview with Arise Television, Jubril made the following remark,   “I don’t think APC will try to toy around with that matter. I believe confidently that the Presidency is going to the Southern part and, when it goes there, Asiwaju stands out clearly in terms of experience, pedigree and competence and most importantly, the ability to win the election. His gap is quite huge more than anybody else". "Well 24 hou...
1 comment
Read more

Attahiru Jega - ASUU Strike Turned Into A Personal Quarrel

Attahiru Jega, former chairman of the Independent National Electoral Commission (INEC), has accused Chris Ngige, minister of labour and employment, of taking the industrial action by the Academic Staff Union of Universities (ASUU) personal and turning it into a private dispute. Speaking on Tuesday during a programme on Arise TV, Jega said Ngige is creating more problems than solutions. He alleges that Ngige is having a personal quarrel with the minister of education and the Academic Staff Union of Universities (ASUU).  Jega said; "Unfortunately, right now, the minister of labour is not helping matters. He has turned this into a personal quarrel between him and the minister of education on one hand and between himself and the Academic Staff Union of Universities (ASUU) on the other. “While many other people are trying to find a way of addressing this situation so that students can go back to school and ASUU can go back to work, he is busy creating challenges. “He now took the matte...
Post a Comment
Read more