Debunking the Fake News: No New ₦5,000 and ₦10,000 Notes, Says CBN

Debunking the Fake News: No New ₦5,000 and ₦10,000 Notes, Says CBN

In a swift move to quash the spreading misinformation, the Central Bank of Nigeria (CBN) has categorically denied introducing new ₦5,000 and ₦10,000 notes. A fake circular had been circulating, claiming that these new denominations were set to enter circulation on May 1.

The CBN took to social media to debunk the fake news, reassuring the public that there is no truth to the claims made in the circular. This move is a testament to the CBN’s commitment to transparency and keeping the public informed.

The Importance of Verifying Information

In today’s digital age, misinformation can spread like wildfire. It’s essential to verify information through reputable sources before accepting it as true. The CBN’s swift denial of the fake circular serves as a reminder to be vigilant and critical of the information we consume.

Staying Informed and Safe

To stay ahead of fake news and scams, it’s crucial to rely on credible sources of information. Here are some tips to help you stay informed and safe:

– Verify information through reputable news sources and official social media channels.
– Be cautious of unsolicited messages or emails asking for personal or financial information.
– Keep your software and operating system up to date to protect against malware and phishing attacks.

By staying informed and vigilant, we can work together to combat misinformation and keep our financial systems secure.

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