News
Is Nigeria’s Central Bank Planning to Scrap Old Naira Notes?
A viral video circulating on TikTok has sparked widespread concern. The video claims that the Central Bank of Nigeria (CBN) plans to phase out old naira notes, rendering them invalid as legal tender by December 31, 2024. According to the video, Nigerians must exchange their old naira notes for new ones before the alleged deadline or risk losing their value.
This alarming claim has raised questions: Is this true?
The Investigation:
To clarify the matter, we turned to official sources, and here’s what we found:
On Friday, December 13, the Central Bank of Nigeria (CBN) issued a statement debunking the rumor. Hakama Ali, the Acting Director of Corporate Communications, reiterated that both the old and redesigned naira notes of the N1,000, N500, and N200 denominations will remain legal tender indefinitely.
The CBN’s statement referenced a Supreme Court ruling delivered on November 29, 2023, which affirmed that all versions of the affected denominations can circulate concurrently without any deadline. This judgment overrides earlier speculations of a phase-out, putting the rumor to rest.
The Facts:
- CBN Statement: The CBN has categorically dismissed the claim of a December 31, 2024, deadline for phasing out old naira notes.
- Supreme Court Ruling: The ruling allows the continuous use of both old and redesigned naira notes, ensuring they remain legal tender indefinitely.
- Lack of Credible Evidence: No official announcements or credible reports have supported the viral claim.
The Verdict:
So, does the CBN plan to scrap old naira notes by December 31, 2024?
The answer is FALSE.The Central Bank of Nigeria has clarified that all versions of the N1,000, N500, and N200 naira notes will remain valid for transactions indefinitely. The Supreme Court ruling ensures that Nigerians can use either version without restrictions or deadlines.
A Facebook post claims that Peter Obi is planning to leave the African Democratic Congress (ADC) to join the Nigerian Democratic Congress (NDC).
Background
Peter Obi is a prominent Nigerian politician who served as Governor of Anambra State (2006–2014), was the vice-presidential candidate of the People’s Democratic Party (PDP) in 2019, and the presidential candidate of the Labour Party Nigeria in 2023.
The African Democratic Congress (ADC) is a registered political party in Nigeria, while the Nigerian Democratic Congress (NDC) is a newly registered party by INEC.
To verify the claim:
We checked Peter Obi’s official social media accounts, no announcement of defection.
We also reviewed official communication from the African Democratic Congress, no statement confirming any planned exit
We searched credible news platforms, no reports supporting the claim
The source, APGA Interactive Forum is known for misleading/unverified political posts.
What This Means
There is no verifiable evidence supporting the claim.
The information appears to be speculative or fabricated
The source lacks credibility
Verdict
False
There is no credible evidence that Peter Obi plans to leave the African Democratic Congress to join the Nigerian Democratic Congress.
—
A viral screenshot claims that Donald Trump posted on Truth Social criticising Bola Ahmed Tinubu for travelling to the UK during deadly attacks in Maiduguri.
Background
The claim surfaced after reported attacks in Maiduguri, where multiple locations were hit, leading to casualties.
Around the same time, the Nigerian Presidency announced Bola Ahmed Tinubu’s scheduled visit to the United Kingdom.
A screenshot allegedly showing Donald Trump reacting to the situation began circulating widely across social media.
Verification
We searched Donald Trump’s verified Truth Social account; no such post exists. We checked other official and affiliated platforms, no matching statement.
We reviewed credible news outlets, no report attributing such comments to Trump.
Response from Nigerian Presidency, confirmed the screenshot is fake just as presidential aide Sunday Dare publicly labelled it “Fake!!!”
What This Means
The screenshot is fabricated
No evidence it originated from any verified platform
Likely created to provoke political reactions and misinformation
Verdict
False
The viral screenshot claiming that Donald Trump criticised Bola Ahmed Tinubu is fake.
There is no record of such a post on Truth Social or any credible platform, and the Nigerian Presidency has officially debunked it.
Is Peter Obi Planning to Leave ADC for NDC?
Is Viral Screenshot Claiming Donald Trump Criticised Bola Ahmed Tinubu real?
