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New Naira: CBN Debunks Release Posted On Aisha Buhari’s Instagram Page

The Central Bank of Nigeria (CBN) has debunked a press release posted on the Instagram page of the First Lady, Aisha Buhari.

In the release posted on Aisha’s page on Tuesday, it was alleged that the old N500 and N1000 notes should be legal tender for the next 70 days, till May 1, 2023.

Debunking the news, the CBN shared another release, labelling the one shared by Aisha as “fake news.”

According to the CBN, “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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