CBN Debunks Viral Fake ₦5,000 and ₦10,000 Banknotes | #NwokeukwuMascot

 Economy 


The Central Bank of Nigeria (CBN) has debunked a viral claim suggesting the introduction of new ₦5,000 and ₦10,000 banknotes, labeling it as fake news.



Taking to its verified Facebook account, the apex bank clarified: “This content is NOT from the Central Bank of Nigeria. Kindly note that the official website of the CBN is www.cbn.gov.ng.”



The widely circulated message, accompanied by fabricated images of supposed new denominations featuring Dr. Nnamdi Azikiwe and Chief Obafemi Awolowo, falsely claimed that the new notes would enter circulation from May 1, 2025. However, the CBN has categorically dismissed the claim as false and misleading.



The bank urged Nigerians to rely on only official statements from its verified channels, warning against the spread of misinformation regarding monetary policies.



The CBN reaffirmed that any major policy decision, including the introduction of new banknotes, would be announced through its official platforms. The public is advised to remain cautious and verify financial information from credible sources before sharing.




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