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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.

Central-Bank-of-Nigeria
Central-Bank-of-Nigeria

Abuja, Nigeria

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.  

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