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HomeNewsFake new 1000 naira notes in circulation

Fake new 1000 naira notes in circulation

Few days after the Central Bank of Nigeria CBN released the redesigned naira notes in the denominations of 200, 500 and 1,000 naira notes, fake copies of the new 1000 naira notes have been released into the economy.

A mobile money and bank agent in a video disclosed this saying that a customer performed a bank transaction through his wife’s Point of Sale (PoS) using the fake copy of the redesigned N1,000.

He went ahead in the video to show the difference between the fake and original redesigned note.

According to him, the original note has a gold seal at the bottom of the right hand side of the note and the seal cannot be erased when scratched.

While the old one does not have a gold seal at the bottom of the right hand side of the note close to the signatures.
It can be Recalled that the CBN released the redesigned naira notes on the 15th of December,2022.

However, banks are still making payments with the old denominations. They complained that the quantity of the new notes cannot go round the economy.
Hence the need to release it in bit alongside the old notes. VANGUARD

Procyon News

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