Central Bank of Nigeria (CBN) will very likely release into the
market on September 1, 2012, a N5,000 currency, under its on-going
currency and payment reform scheme. The currency, according to a very
reliable and close source in the apex bank, was considered because of
the CBN’s cashless policy, which will be extended to other parts of
Nigeria by next year.source also disclosed that the N5000 currency is like a guarded
secret by the CBN, which it plans to release as a surprise to the
market. The N5,000 single note will be the fifth note to be introduced
into the economy in 13 years.
Late president Yaradua is to be used as the face on the Note.