The Central Bank of Nigeria (CBN) has denied introducing N5,000 and N10,000 currency notes.
The apex bank was reacting to a circular claiming it has introduced the new currency notes into the market for public use.
The circular, purportedly from the CBN, has been widely shared on WhatsApp.
According to the fake circular, the new notes are to be circulated from May 1.
In a post on X on Tuesday, the CBN clarified that the circular did not originate from the bank.
The apex bank also said the claim was fake.
“The Central Bank of Nigeria (CBN) has officially announced the introduction of two new denominations – N5,000 and N10,000 bankrotes; as part of ongoing efforts to streamline cash transactions and improve liquidity management,” the circular reads.
“According to the Deputy CBN Governor, Dr. Ibrahim Tahir Jr., the move is aimed at reducing cash-handling costs and providing Nigerians with more efficient means of conducting large transactions.”
The apex bank urged the public to refer only to the official CBN website (cbn.gov.ng) for authentic information.
“The content is not from the Central Bank of Nigeria. Kindly note that the official website of the CBN is cbn.gov.ng,” the financial regulator said.
