CBN Addresses Claims of New Notes Bleaching

The Central Bank of Nigeria (CBN) has reassured Nigerians of the currency’s legitimacy in response to viral information regarding the new Naira notes bleaching.

The Branch Controller of the CBN in Abeokuta, Wahab Oseni, disclosed that the note is not bleaching and it is legit.

This was done while he addressed market men and women and other public members, at Kuto Market in Abeokuta, the Ogun state capital.

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Oseni urged the citizenry to disregard reports claiming that the redesigned currency is bleaching, adding that no fear should be entertained concerning the durability of the notes.

The Controller assured that the security features on the redesigned note would make it impossible for the criminal elements to manipulate the mint.

He said “The new notes are durable. It is not the texture that determines the durability but the security features on it. Something could have a very high texture and not be durable. This one is more durable than the previous one.

“We have several security features on the notes that may not be understood by the populace. On the issue of fake notes, CBN did not print fake new naira notes and none of the naira notes is bleaching. The circulated notes by CBN are authentic and one of the reasons for redesigning.”

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He went on to state that those behind the fake and bleaching naira notes would be brought to book by the Department of Security Service (DSS) and other security agents.

“The notes printed by CBN do not bleach but you cannot actually know the minds of these criminals the DSS and other intelligence agencies are working on bringing these criminal elements to book just as they have done in the past,” he added.