Few days after the Central Bank of Nigeria (CBN) released the redesigned Naira notes in N200, N500 and N1,000 denominations, fake variants of the N1000 currencies are alleged to have infiltrated the stock of genuine notes in circulation.
A mobile money and bank agent in a viral video raised the alarm, saying a customer performed a bank transaction through his wife’s Point of Sale (PoS) using the fake copy of the redesigned N1,000 note.
He went ahead in the video to show the difference between the fake and original redesigned N1,000 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.
He said the old note does not have a gold seal at the bottom of the right hand side, close to the signatures.
The CBN released the redesigned Naira notes on December 15, 2022.
However, the 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 resort to releasing it in bit side-by-side the old notes.