Naira redesign: We stick to Buhari’s directive — CBN refutes claim on Aisha’s page

A press statement uploaded on the Instagram account of the president’s wife, Aisha Buhari, purporting to be from the Central Bank of Nigeria, or CBN, has been refuted by the bank.

According to the press release posted on Aisha’s Facebook on Tuesday, the previous N500 and N1000 notes will continue to be valid until May 1, 2023.

The CBN, however, disproving the report, sent a second press release calling the one uploaded on Aisha’s page “fake news.”

The statement read in part, “CBN Sticks to Presidential Directive to Reissue only 200 Naira Old Banknotes. 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 re-issuance and release of old N500 and N1000 notes as legal tender in the country.

“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 recirculates 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.”

According to PULSENETS, Aisha Buhari’s account still had the “false” release at the time this article was filed.