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Open Free AccountThe Central Bank of Nigeria (CBN) has dismissed as false reports circulating online about the introduction of a ₦5,000 note allegedly carrying the image of President Bola Ahmed Tinubu.
In a clarification issued to the public, the apex bank described the claim as fake and urged Nigerians to disregard it.
According to the CBN, the viral content being shared on social media does not represent any official policy or currency redesign by the bank.
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Publish Now“This content is fake. Let the public be guided,” the CBN stated.
The false report had circulated widely online, with some users claiming that the CBN was planning to release a new high-denomination naira note featuring the Nigerian president.
The development triggered mixed reactions before the bank moved to clear the air.
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The clarification serves as another reminder for Nigerians to verify sensitive information, especially financial and policy-related reports, through official channels before sharing them.
Misinformation involving the nation’s currency and banking system can create unnecessary confusion and public anxiety.
The CBN has repeatedly advised citizens to rely on its verified communication platforms for accurate updates regarding monetary policy, currency issuance, and other financial matters.
Zilla Naija Insight
Fake financial news spreads quickly because it often touches on sensitive national issues such as inflation, currency value, and government policy. Nigerians are advised to confirm such claims from trusted official sources before reacting or reposting them.
