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Did CBN announce plan to redenominate the naira?

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A message forwarded several times on WhatsApp claims the CBN has announced a new strategic agenda for the naira. The viral message said the new agenda will result in the re-denomination of the naira with full effect from January, 2024.

The claim is FALSE!


The message further claimed that the new policy on the Naira revolves around a 4-point agenda as approved by President Bola Tinubu to make the naira equal to the dollar and regulate market prices.

Meanwhile, CBN has said there are no plans to redenominate the naira neither is there a recent announcement of a new agenda for naira. WABMA team checked.


The Director, Corporate Communications, Isa Abdul Mumin, in a press release said the content of the message modified text taken from an old policy move by a previous CBN Governor in 2007 to make it appear recent.

He advised the public to ignore the report to prevent panic.

CONCLUSION
The claim that CBN announced a new strategic agenda for the naira is FALSE.

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Breaking News

CLAIM: Did China Announce the Closure of Its Diplomatic Missions in Abuja and Lagos?

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A viral social media report claims that China plans to close its diplomatic missions in Abuja and Lagos and relocate them to Nike Lake in Enugu and World Bank Road in Owerri. The report further claims that the alleged move is because Igbo people travel to China more frequently than other Nigerians.

But is this claim true?

🔎 WABMA DEBUNKER INVESTIGATES.

In this episode, we examine the viral claim against official Chinese diplomatic records and other credible sources.

Our investigation found no credible evidence that China has announced the closure of its Embassy in Abuja or its Consulate General in Lagos. We also found no verified announcement establishing new Chinese embassies in Enugu or Owerri, or supporting the alleged ethnic explanation for the supposed relocation.

✅ VERDICT: FALSE

The viral claim is unsupported by the official records examined in this investigation. China’s diplomatic missions in Abuja and Lagos remain listed in official Chinese records.

📌 WHY THIS MATTERS

False claims about embassies, visas and international relations can cause unnecessary concern and encourage misinformation. Always check official embassy communications and foreign ministry announcements before sharing sensational reports.

📢 HAVE A CLAIM YOU WANT US TO FACT-CHECK?

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Breaking News

Did Cardi B Confirm Dating Nigerian Goalkeeper Maduka Okoye? The $300,000 Monthly Rumour Debunked

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WABMA Debunker | Episode 129 | Entertainment Fact-Check

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African News

✴️ Ep.116– Does Viral Video Show a Market Between Congo and Gabon Where Parents Sell Their Children?

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A viral video claims to show a “child market” between Congo and Gabon where parents allegedly sell their children. But is this true?

In this episode of WABMA Fake News Debunker (Ep. 116), we carefully examine the footage, verify available evidence, and separate fact from fiction.

🔍 What we investigated:

  • The viral video and its visual details
  • Reports from credible international media
  • Data from global child-protection organizations
  • Any evidence of a “child market” in the Congo–Gabon region

❌ Our Verdict: FALSE
There is no verified evidence that such a market exists. The viral video does not prove child trafficking and has been shared without proper context.

⚠️ Why this matters:
Misinformation like this spreads fear, reinforces harmful stereotypes, and distracts from real child protection issues.


🎓 Learn Media & Fact-Checking Skills with WABMA
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🌐 wabma.org

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