CBN don clarify say old N200, N500, and N1,000 notes go remain valid indefinitely, dismissing talk say dem go stop to be legal tender by December 31, 2024. For statement wey Acting Director of Corporate Communications, Sidi Hakama, release, CBN talk say di rumor na “false and calculated to disrupt the country’s payment system.”

CBN talk say, “The attention of the Central Bank of Nigeria has been drawn to discussions at different fora suggesting that the old series of the N200, N500, and N1,000 banknotes shall cease to be legal tender on December 31, 2024. We wish to state categorically that such claims are false and calculated to disrupt the country’s payment system.” Dem also mention Supreme Court order wey still dey valid, to allow old naira notes dey in use “ad infinitum.”

CBN still remind Nigerians say all di notes—old and new—dey circulate as legal tender, saying, “Accordingly, all banknotes issued by the Central Bank of Nigeria will continue to remain legal tender indefinitely.” CBN tell people make dem ignore any talk say di old notes go expire by end of 2024, and dem advise citizens to use di notes well to keep dem in good condition.

Di bank still encourage make Nigerians try alternative payment channels to reduce demand for physical cash. Dis announcement follow worry wey people get for di media about di old notes. Before now, House of Representatives don call make CBN start to withdraw old notes and make new ones available for Nigerians. Dem also advise Money Deposit Banks to begin use di new notes for transactions.