CBN Speaks On Shutting Down All Financial Transactions Few Days To General Election

The Central Bank of Nigeria (CBN) has distanced itself from a fake statement alleging that the apex bank will be shutting down all financial transactions across banks for five days ahead of the general elections.

Naija News reports that statements about the apex bank shutting transactions from the 23rd to the 27th of February, in a bid to quell vote buying in the general elections set to hold on Saturday went viral on social media, with many reposting it.

The reports read: “CBN Plans to shut down financial transaction from Thursday 23 of Febuary 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 politician will not be able to transfer money to anybody for vote, so buy enough food at hom , do your transfer now. Because the next five days will be difficult. Please.”

But in a swift statement on Wednesday,  CBN’s Director of Corporate Communications, Osita Nwanisobi, described the statement as fake.

He further warned the general public to be wary of fake and unverified news.