'Unfounded speculation' — cenbank says no plan to phase out redesigned naira notes | TheCable
The Central Bank of Nigeria says it is not contemplating the withdrawal of the recently redesigned naira notes.Isa Abdulmumim, CBN spokesperson, in a statement on Sunday, clarified that such speculations were unfounded.
“The attention of the Central Bank of Nigeria has been drawn to a fake news item circulating in the media, particularly in the social media space, suggesting that the bank is contemplating the withdrawal of the recently redesigned N1000, N500 and N200 currency banknotes from circulation,” he said.and a ploy by some interests to cause panic among members of the public.
Delivering judgment in a suit instituted by three states of the federation, seven-member panel of the apex court held that the old N200, N500 and N1000 notes remain legal tender until December 31, 2023.
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