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CBN disclaims ‘fake’ N2,000 and N5,000 banknotes

Gideon Remigius-Iwu by Gideon Remigius-Iwu
June 1, 2020
in Financial Inclusion, Front Page
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CBN disclaims ‘fake’ N2,000 and N5,000 banknotes
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The Central Bank of Nigeria has denied involvement in the purported introduction of N2,000 and N5,000 banknotes to the public.

It urged members of the public to disregard such falsehood and report anyone with such notes to law enforcement agencies.

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CBN stated, “Videos and pictures of N2,000 and N5,000 banknotes are false and fake. Members of the public are advised to disregard such falsehood and report anyone found in possession of such banknotes to the law enforcement agencies.”

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In one of the videos, a lady, apparently a bank employee, had claimed that a young man had come into the bank to deposit N18m in N2,000 and N5,000 banknotes. But on discovering that the amount was N17m and that the banknotes were fake, the man was apprehended and, on interrogation,he began sounding incoherent.

Although the introduction of the banknotes had been mooted sometime in 2012 by the CBN, the Federal Government at the timedisclosed that it would not be in circulation, but for banks and heavy cash users.

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Gideon Remigius-Iwu

Gideon Remigius-Iwu

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