Buhari in his nationwide broadcast on February 16 directed the apex bank to only reissue and re-circulate the old N200 banknotes.
The Central Bank of Nigeria (CBN) on Tuesday said President Muhammadu Buhari’s directive on the N200 notes still stands.
Buhari in his nationwide broadcast on February 16 directed the apex bank to only reissue and re-circulate the old N200 banknotes. The old N200 is expected to circulate as legal tender for 60 days up to April 10.
In a statement, the CBN dismissed some media reports that the President approved the issuance and release of the old N500 and N1000 notes as legal tender in the country.
It described the reports as fake news, pledging to work with security agencies to unravel the perpetrators of the misleading reports.
“ The attention of the Central Bank of Nigeria has been drawn to a FAKE PRESS RELEASE Purported to have emanated from the Bank to the effect that President Muhammadu Buhari has approved the issuance and release of old N500 and N1000 notes as legal tender in the country,” the statement read.
“For the avoidance of doubt, the Central Bank of Nigeria reiterates that in line with the directives of Mr. President, only N200 old notes are to be reissued and to circulate concurrently with the new notes. Members of the public are therefore advised to ignore this fake news.
“The Bank is working with law enforcement agencies to investigate, apprehend and prosecute the purveyors of this fake news. Please be guided accordingly.”
Freelance Journalist, News Writer and Editor
I'm an avid writer, there aren't many topics I can't write about because I am astute, hard-working, and thoughtful. I have commendable experience in journalism, and delivering high-quality work within agreed timelines is my utmost priority.
Being a graduate Journalist, Advertising & Public Relations Coordinator, and Editor, my writings are always well researched, informative, interesting to read, follow journalistic principles, and adhere to basic SEO rules to help rank your site at the top.
And by the fact that I'm fast, efficient, and most importantly, extremely responsible in every task that I undertake sets me apart from the other candidates. I like thinking out-of-the-box and creating magic with my words. Ergo, I strongly suggest you take my application into account while looking for a candidate.
I have worked as a writer, news editor, and PR specialist for many businesses and proved to be an invaluable asset.
Over the years, I have worked with clients from diverse specialities, from tech, agriculture, renewable energy, business, PR articles, to all-around international news. I have also been an editor for a magazine, written for computer science publications, and contributed to a number of blogs.
I have worked as a news writer, news editor, and PR specialist with a broad range of clients and employers, from start-ups to newspapers and B2C marketers to print magazines and proved to be an invaluable asset.
Therefore, whether you want a news piece to post on your news site, or publish in a print magazine, I do in-depth research through reputable sources and craft a masterpiece that provides value to your audience.
I am also versatile and diligent and will produce exemplary content within time to meet your deadline in every project I handle.
If you have a new feature, breaking news or item that you want to announce to the world, I am the right person to get the job done.
I can deliver most work within 2-3 days; rush orders are accepted whenever possible.
I love to work closely with my clients so that I can be able to deliver exactly according to your set of needs. I have a strict adherence to committed deadlines. Why not try me?
Contact me today for well researched, engaging, and accurate news articles for your news site.
View all posts by Ogungbayi Faesol
