FACT CHECK: Did CBN print N5000, N2000 notes?

CLAIM

There is a viral video circulating in the video voice of a lady who could be heard running a commentary saying a customer came to her bank branch and deposited N5000 and N 2000 notes respectively.

In the video, the lady in question whose face is not showing displayed N5000 and N2000 notes and claimed a customer deposited the ‘money’ in the bank branch where she works.

VERDICT

The Governor, of the Central Bank of Nigeria, Godwin Emefiele, announced on Wednesday that the bank would release re-designed naira notes by December 15, 2022.

Emefiele made this announcement during a special press briefing in Abuja where he gave reasons for the move.

According to the CBN governor, this was targeted at controlling currency in circulation as well as curbing counterfeit currency and ransom payments to kidnappers and terrorists.

The CBN is only redesigning the N200, N500, and N1000 notes.

VERIFICATION

The viral video that has kept many tongues wagging whether the CBN actually printed the higher notes doesn’t need scrutiny. The CBN Governor said the N200, N500, and N1000 notes are the only currency that will be redesigned.

CONCLUSION

The CBN didn’t print N5000 and N2000 notes it’s a piece of fake news and the general public should disregard the claim in the video.

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