Director, Corporate Communication, Mr. Osita Nwanis obi, stated this in response to media reports that the apex bank had directed commercial banks to collect the old N500 and N1,000.

The Central Bank of Nigeria, CBN, has said it did not direct banks to collect the old N500 and N1,000, as earlier reported.

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Director, Corporate Communication, Mr. Osita Nwanis obi, stated this in response to media reports that the apex bank had directed commercial banks to collect the old N500 and N1,000.He said: “The attention of the Central Bank of Nigeria has been drawn to some fake and unauthorised messages, quoting the CBN as having authorised the Deposit Money Banks to collect the old N500 and N1,000 banknotes.

He said: “The attention of the Central Bank of Nigeria has been drawn to some fake and unauthorised messages, quoting the CBN as having authorised the Deposit Money Banks to collect the old N500 and N1,000 banknotes.

“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.”

The report was in sync with the method of returning old notes, which was still on the homepage of CBN at the time of the report. Below is a screenshot.