The Central Bank of Nigeria (CBN) on Sunday, May 31, has described the videos and pictures of the purported circulation of N2000 and N5000 banknotes in the country as FAKE.
In a tweet via the CBN official Twitter handle of the bank. The apex bank warned that the banknotes are false and fake. CBN called on Nigerians to disregard claims of such banknotes and urged members of the public to report anyone found in possession of such to law enforcement agencies.
READ: How To Invest in Nigeria Treasury Bills, Even with Low Capital
It would be recalled that back in 2012, Nigeria’s apex bank under the leadership of former Emir of Kano Sanusi Lamido Sanusi said it was going to introduce a N5,000 banknote into the country early 2013.
At that time the former CBN governor said the new banknotes which would have been the highest denomination were to be introduced as a result of inflationary pressures on the Nigerian currency (Naira). The design of the N5,000 note was reported to feature the faces of three Nigerian female freedom fighters, Mrs. Margaret Ekpo, Mrs. Funmilayo Ransome-Kuti, and Hajiya Gambo Sawaba.
