From Uche Usim, Abuja
For the umpteenth time, the Central Bank of Nigeria (CBN) has refuted viral reports and text messages suggesting that a naira redenomination programme was in the offing, asking the public to totally disregard the hoax.
CBN Spokesman, Dr Isa Abudulmumin, in a statement on Tuesday, said it was disturbing to read the message which suggested that the naira will be redenominated with the effect from January 2024.
“We are concerned that this narrative, which we had refuted before now, appears to be gaining traction with several debates on the implication of
such a policy for the Nigerian economy”, Abdulmumin stated, urging the public to junk the misleading message.
“The authors of the message, in their mischief, modified text eked from an old policy move by a previous CBN Governor in 2007 to make it appear recent.
“For the avoidance of doubt, there is currently no plan by the Bank to restructure and redenominate the naira. Whilst the Bank may be considering reforms, such are subject to laid down procedures in line with the provisions of the CBN Act, 2007.
“The public is hereby advised to ignore the news report, as it is speculative and calculated to cause panic in the polity,” the CBN Spokesman added.