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.
