The Central Bank of Nigeria has dismissed a viral image circulating on social media claiming the introduction of a new N5,000 naira note allegedly bearing the image of President Bola Tinubu.
The image, which spread widely across online platforms, was presented as a sample of a high-denomination currency reportedly issued by the apex bank.
However, the Central Bank of Nigeria described the claim as false and misleading, urging members of the public to disregard the information entirely.
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In a statement published on its official X account, the bank said, “This content is fake. Let the public be guided.”
The circulation of the doctored image has sparked renewed public discussion over the possibility of introducing higher denomination naira notes in Nigeria.
The apex bank had previously considered a N5,000 note in 2012, but the proposal was later discontinued in 2022 following public opposition and policy review.
Despite the viral claim, the CBN remains the only institution legally empowered under the CBN Act 2007 to issue, manage, and regulate Nigeria’s currency, including banknotes and coins.
The clarification is aimed at curbing misinformation and reassuring the public amid growing speculation about possible changes to the nation’s currency structure.
