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CBN denies asking banks to collect old N500 and N1000 notes

Omotayo Daranjo by Omotayo Daranjo
February 17, 2023
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CBN denies asking banks to collect old N500 and N1000 notes
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The Central Bank of Nigeria has debunked news that it has granted approval for commercial banks to  collect the old N500 and N1000 notes from Nigerians.

Earlier today, it was widely reported that the apex bank has asked all commercial banks to collect the old notes. In a statement released this evening, the apex bank described the report as ‘fake and unauthorized”.

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Read the statement below…

CBN denies asking banks to collect old N500 and N1000 notes

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The Trumpet International Magazine is a real-time and comprehensive news magazine. It is an independent, national news provider for Africans, reporting daily developments and events in South Africa and other African Countries and their Citizens based in South Africa.

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