No! CBN Did Not Direct Banks to Shut Online Transactions Ahead of Election

A claim has gone viral on social media with a warning that Nigerians stock their houses as Central Bank of Nigeria (CBN) had directed commercial banks to shut down online transactions until after the presidential election slated for Saturday.

Africa Check, one of the fact-checking platforms scrutinized the claim with a verdict that it is fake and misleading.

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The “special information” message has also been shared by different pages on Facebook, according to the platform.

“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. The information I’m hearing is that from Thursday, the bank network will go off till Sunday or Monday, so politicians will not be able to transfer money to anybody for votes. So buy enough food at home, and do your transfer now because the next five days will be difficult,” the claim read.

Africa Check contacted the apex bank and its spokesperson, Osita Nwanisobi, said: “It’s fake news.”

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