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President Buhari’s Wife, Aisha Circulates Fake News About Old Currencies

The Central Bank of Nigeria describes Aisha’s Instagram post as fake news. Amid the naira crisis disrupting economic activities in Nigeria, the president’s wife, Aisha Buhari posted a statement on her Instagram page telling Nigerians to continue spending the old N500 and N1000 notes. President Muhammadu Buhari in his nationwide address declared that N500 and N1000 notes were no longer legal tender. But a statement purportedly issued by the Central Bank of Nigeria (CBN) and posted by Mrs Buhari said the apex bank has been directed by the president to reissue and recirculate the old N200, N500 and N1000 banknotes.The statement reads, “Due to the current and unpleasant situation happening in Nigeria, In line with Mr. president. After having a closed meeting with him on the 20th of February, 2023, Central Bank Of Nigeria (CBN) has been directed to ONLY reissue and recirculate the old N200, N500 and N1000 banknotes and this is expected to circulate as legal tender for 70 days up to May 1, 2023. Members of the public should therefore continue to spend the old notes.“Media practitioners are advised to PLEASE spread out this helpful information to the public”.

However, the Central Bank of Nigeria in a counter statement has debunked the claim in Mrs Buhari’s post, saying it was directed to only reissue and recirculate the old N200 banknotes. Describing Aisha’s post as fake news, the bank urged the public to disregard any statement not released by the CBN on the naira crisis.

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