….Pledges To Stick To Presidential Directive On N200 Old Banknote.

The Central Bank of Nigeria (CBN) has described as fake News, a press release suggesting that President Muhammadu Buhari has approved the reissuance of N500 and N1000 old banknotes as legal tender in the country.

A statement co-signed by the Deputy Governor, Corporate Communication, Edward Adamu and the Director, Corporate Communication of the bank, Osita Nwanisobi stated that the Apex bank is only bound by the presidential directive instructing it to release the old N200 banknotes in circulation.

Nwanisobi stated the bank has since complied with the directive in its bid to ease difficulties experienced by Nigerians in accessing cash.

The statement further said the bank is working together with law enforcement agencies to arrest and prosecute the purveyors of this fake News, calculate to pitch the bank against the President.

The CBN also enjoined members of the public to ignore the fake News and verify sources of news before acting on it.