Central Bank Of Nigeria Debunks Viral ₦5,000 Note Claim Featuring Bola Ahmed Tinubu

The Central Bank of Nigeria has refuted a viral social media claim suggesting the existence of a newly designed ₦5,000 banknote bearing the image of President Bola Ahmed Tinubu. According to credible reports, the apex bank clarified via its official platform on Thursday that the circulating image is entirely false and should be disregarded by the public. The bank emphasized that it has not released, nor approved, any such currency design, urging Nigerians to remain cautious of misleading content. The clarification followed widespread speculation online, where some users alleged that the image represented a proposed new high-denomination note.

In a related development, the apex bank also debunked reports claiming that billionaire industrialist Razaq Okoya is set to acquire Polaris Bank amid an alleged liquidation process. Reports indicate that a viral post had suggested Okoya made a move to purchase the bank due to its supposed inability to meet recapitalisation requirements, with claims that regulatory approvals were underway. However, the CBN dismissed the assertion as untrue, reiterating that the Nigerian banking system remains stable and secure, and advising the public to rely only on verified information.