Aisha Buhari, Others Will Be Prosecuted For Spreading Fake News About Old N500, N1,000 Notes -CBN

The Central Bank of Nigeria (CBN) says it is working with intelligence and security agencies to arrest and prosecute purveyors of fake news that the bank is reissuing and recirculating old N500 and N1000 notes.

The apex bank disclosed this on Tuesday shortly after first lady, Aisha Buhari, shared the fake news that the CBN had been directed by her husband, President Muhammadu Buhari, to reissue and recirculate old “N200, N500 and N1000 notes”

“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 reissuance and release of old N500 and N1000 notes as legal tender in the country.

“The Bank is working with the law enforcement agencies to investigate, apprehend and prosecute the purveyors of this fake news,” the apex’s statement reads.

The apex bank further said “for the avoidance of doubt, the Central Bank of Nigeria reiterates that in line with the directives of Mr. President, only N200 old notes are to be reissued and to circulate concurrently with the new notes. Members of the public are therefore advised to ignore this fake news.”