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FAKE NEWS ALERT: No plan to shut down banking services for elections, says CBN

Wasilat Azeez
By Wasilat Azeez Published February 23, 2023 1 Min Read
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The Central Bank of Nigeria (CBN) has debunked rumours of its plans to shut down banking services.

A viral broadcast message on WhatsApp claimed that the apex bank would shut down all electronic banking networks between Thursday and Monday in order to prevent vote buying in the forthcoming general election.

The message reads, “CBN plans to shut down financial transaction from Thursday 23 of February till 27th of February. Go and stock your home.

“Anyhow you can get money between today and tomorrow, get and keep it, also whatever transfer you want to do, do it between today and tomorrow, information am hearing is that, as from Thursday, bank network will go off till Sunday or Monday, so that polititian will not be able to transfer money to anybody for vote, so buy enough food at home, do ur transfer now. Because the next five days will be difficult pls.”

Reacting to the claim, the CBN, in a post via its official Twitter handle, said it was false.

It urged citizens to be on the lookout for fake news.

PLEASE BE WARY OF FAKE NEWS! pic.twitter.com/Yhv9DKyL10

— Central Bank of Nigeria (@cenbank) February 22, 2023

TAGGED: cbn, naira redesign policy, naira scarcity

Please send your feedback, claims to fact check and corrections requests to [email protected]

Wasilat Azeez December 13, 2023 February 23, 2023
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CableCheck seeks to provide reliable tools and resources for readers to tackle the menace of fake and misleading materials constantly pushed into the public space from various sources. We monitor the accuracy of claims made in traditional and social media. We also provide a tracker to hold politicians and policymakers accountable for the plans and promises they make to the public. CableCheck is a project of the Cable Newspaper Journalism Foundation (CNJF), supported by the MacArthur Foundation and implemented by TheCable newspaper.

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