Sharing a copy of the said message via its verified Instagram page on Wednesday, CBN  stated that the report was false and advised the public to “beware of fake news.”

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The rumours come amid the naira redesign policy and currency swap which had resulted in scarcity of cash across several regions in the country.

The past two weeks have seen queues, riots and burning of banks in several cities due to the biting effect of the policy.

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