Fact-Checker

FACT CHECK: CBN debunks old FX press release currently being circulated as new

The Central Bank of Nigeria (CBN) has debunked a foreign exchange policy press release currently being circulated on social media. 

A view shows Nigeria's Central Bank headquarters in Abuja, Nigeria November 22, 2020. Picture taken November 22, 2020. Credit: REUTERS/Afolabi Sotunde

The Central Bank of Nigeria (CBN) has debunked a foreign exchange policy press release currently being circulated on social media. 

According to CBN in a post on its official X account, the press release was issued by the apex bank in 2017 and its no longer in conformity with the present realities of the bank’s FX policy.

“We would like to bring to your attention that the attached images currently circulating on social media are from an old Press Release dated 20th February 2017 and should be disregarded,” the apex bank said.

Verification

Using a keyword search, TechnocratMedia Check found that the press statement was originally issued on February 20, 2017, by the CBN.

We traced the keyword in the statement to the apex bank’s official website where the official and original statement was published almost seven years ago.

Further search also revealed that the statement was published by a number of media platforms in 2017. 

ThisDay published a story on the statement on February 18, 2017.

Also, Venture Africa published the statement on February 22, 2017.

Verdict

The recent circulation of the press statement is misleading. The public is hereby advised to disregard it completely.  

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Economy

The Central Bank of Nigeria (CBN) has revealed that the federal government spent about $2.2 billion on debt servicing in the first five months...

Anti-corruption

The Federal High Court in Lagos has granted an order of interim forfeiture of properties linked to the former Central Bank of Nigeria (CBN)...

Economy

Olayemi Cardoso, governor of the Central Bank of Nigeria, says the huge purchases of food items by the government as palliatives for distribution to...

Finance

The Central Bank of Nigeria (CBN) has denied directing commercial banks to restrict cryptocurrency accounts in the country.

Finance

The Central Bank of Nigeria has raised the monetary policy rate which is known as the interest rate to 24.75 per cent from 22.75...

Economy

Dr Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), says more than $26 billion was funnelled through the cryptocurrency platform, Binance, in...

Copyright © 2018-2024 DailyAgent, All Rights Reserved

Exit mobile version