On Thursday August 23rd 2012, Central Bank of Nigeria Governor Sanusi Lamido Sanusi announced the introduction of 5000 Naira (N5,000) notes as legal tender in Nigeria.
“Under the new structures, the existing denomination of N50, N100, and N200, N500 and N1000 will be redesigned with added new security features, the lower notes of N5, N10 and N20 will be converted to coins.”
A few months ago, rumours swirled that late Biafran leader Ojukwu’s image would be placed on the N5,000 note but this has been proven to be unfounded.
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