The Central Bank of Nigeria has issued a statement to Nigerians over alleged plans to produce N5000 notes Videos of some bundles of new N5,000 notes with the Central Bank of Nigeria clearly printed on them surfaced online

The Central Bank of Nigeria (CBN) ruled out the introduction of the N5000 note in the nation on Tuesday.

The explanation came from the CBN’s Director of Currency Operations, Ahmed Umar, during a three-day workshop in Abuja.

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The event was organized by the Nigeria Deposit Insurance Corporation (NDIC) for members of the Financial Correspondents Association of Nigeria (FICAN) and Business Editors.

President Muhammadu Buhari revealed the new N200, N500, and N1000 notes in Abuja. of settling transactions to be used.