The Central Bank of Nigeria (CBN) has refute claims in some quarters that the Nigerian Security Printing and Minting Company Plc lack the capacity to produce the new banknote due to shortage of printing materials.

A statement by the spokesperson of CBN who is also the Director of corporate Communication Department, Mr. Osita Nwanisobi, said the statement attributed to the Governor, Godwin Emefiele at the National Council of State is false and it’s calculated to pitch the public against the Apex bank.

The statement quoted Mr. Emefiele as saying that the NSPMC was working on printing all denominations of the Naira to meet the transaction needs of Nigerians.

While urging those twisting facts to desist from attempts to manipulate facts and pitch the public against the Bank, the CBN restates it’s commitment to performing its monetary policy functions, as stipulated in the CBN Act, 2007, as amended.

The Apex Bank appealed to the public to disregard the said report and exercise more restraint, as it is workinf assiduously to increase the circulation of the new notes in the country.

Similarly, CBN also dismissed a misleading voice note trending in social media alleging that the bank has planned to shut down some banks, targeted at a particular geopolitical region of the country.
It further advised the public to ignore such recordings as they do not represent the policy thrust of the CBN and are only the desperate attempts of persons bent on inciting the public against the Bank.