JUST IN: We Didn’t Order Banks To Collect Old N500, N1000 Notes – CBN

The Central Bank of Nigeria has denied ordering deposit banks to collect old N500 and N1000 notes.

In a Press Release seen on its official twitter handle, the apex bank described the news as ‘fake’ and ‘unauthorized’.

The CBN maintained that only the old N200 banknotes will be reissue and allowed to recirculate as directed by the president.

It went further to advice members of the public to disregard any information not formally released by the apex bank.