CBN DENIES HAVING ANY PLANS TO HALT FINANCIAL TRANSACTIONS BECAUSE OF ELECTIONS.

The Central Bank of Nigeria (CBN), the country’s central bank, has refuted the rumor that all financial transactions will be suspended from February 23 through February 27.

Beware of fake news, CBN warned on Wednesday in a post to its Instagram account.

The transaction shutdown, according to the circular that the CBN refuted, was done to ensure that politicians couldn’t buy votes.

The CBN planned to halt financial transactions from Thursday, February 23, through Sunday, February 27, according to the circular. Stock up your house now.

“However you can get money between now and tomorrow, get it and keep it. Also, whatever transfer you want to make, make it between now and tomorrow. According to information I’ve heard, starting on Thursday, the bank network will go down until Sunday or Monday, making it impossible for politicians to send money to anyone for a vote. As a result, buy enough food for your household and make your transfer now. Although the next five days will be challenging, please.