8.4 C
New York
Thursday, July 25, 2024

CBN debunks rumours of phasing out redesigned Naira notes

Published:

LATEST NEWS

- Advertisement -

BY SULE TAHIR.

The Central Bank of Nigeria (CBN) has debunked reports that it planned to phase out the newly redesigned N1, 000, N500, and N200 notes.

This was contained in a statement issued by Dr. Isa AbdulMumin, Ag. Director, Corporate Communications of the bank.

AbdulMumin who described the reports as “fake news”, advised members of the public to ignore such reports.

He said, “The attention of the Central Bank of Nigeria (CBN) has been drawn to a fake news item circulating in the media, particularly in the social media space, suggesting that the Bank is contemplating the withdrawal of the recently redesigned N1, 000, N500 and N200 currency banknotes from circulation.

READ ALSO  AEDC Announces Leadership Changes; Appoints Chijoke Okwuokenye as MD/CEO

“We wish to state emphatically that such speculation is unfounded, nothing short of  a ploy by some interests to cause panic among members of the public.

- Advertisement -spot_img

Hey there! Exciting news - we've deactivated our website's comment provider to focus on more interactive channels! Join the conversation on our stories through Facebook, Twitter, and other social media pages, and let's chat, share, and connect in the best way possible!

Join our social media

For even more exclusive content!

Of The Week
CARTOON

TOP STORIES

- Advertisement -spot_img
- Advertisement -

Of The Week
CARTOON

247Ureports Protects its' news articles from plagiarism as an important part of maintaining the integrity of our website.