The Central Bank of Nigeria declared as fake a report that it had introduced new N5,000 and N10,000 banknotes.
In a post on its Instagram page on Wednesday, the bank said that the report did not originate from it.
“The content is not from the Central Bank of Nigeria. Kindly note that the official website of the CBN is cbn.gov.ng,” stated the apex bank in the post where it labelled the report and the claimed banknotes as fake.
The circulating report quoting one Deputy CBN Governor, Ibrahim Tahir Jr, said the move is aimed at reducing cash-handling costs and providing Nigerians with more efficient means of conducting large transactions.
A statement from the CBN’s communications department said there was no deputy governor by such a name and that it is investigating the source of the fake content.