Central Bank of Nigeria (CBN) on Sunday, denied videos and pictures of the purported circulation of N2, 000 and N5,000 banknotes in the country.
The Nigerian Communication Week reports that the regulator in a tweet via the official Twitter handle dismissed the story as fake and asked Nigerians to disregard it.
It vehemently denied claims of existence of such banknotes and urged members of the public to report anyone found in possession of such to law enforcement agencies.
According to NCW, the social media was abuzz with a story of a man who reportedly visited a bank and deposited the sum of N17m with yet to be designed or released N5000 and N2000 naira notes.
In an accompanying video, the online platform further reported, a lady could be heard in the clip, revealing how the man stormed the bank with the bundle of new 5000 and 2000 naira notes to deposit it.
It wil recalled that in 2013, former CBN governor Lamido Sanusi had announced intention of the bank to introduce N2000 snd N5000 notes.
At that time the former CBN governor said the new banknotes which would have been the highest denomination were to be introduced as a result of inflationary pressures on the Nigerian currency (Naira).
The design of the N5,000 note was reported to feature the faces of three Nigerian female freedom fighters, Mrs. Margaret Ekpo, Mrs. Funmilayo Ransome-Kuti and Hajiya Gambo Sawaba.
