After the Central Bank of Nigeria (CBN) released the redesigned naira notes in the denominations of N200, N500 and N1,000, fake copies of the new N1000 naira notes have been released into the economy.
According to Vanguard, 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 continued in the video to demonstrate the distinction between the genuine and modified N1,000 note.
He claims that the original note includes a scratch-proof gold seal at the bottom of the right side that cannot be removed.
The old one has a gold seal at the bottom of the right side of the note near the signatures, but the old one does not.
Recall that on December 15,2022, the CBN unveiled the newly designed naira notes.
Banks continue to process transactions using the previous denominations, nevertheless. They griped that there weren’t enough fresh notes to spread across the economy. Therefore, it must be released in pieces together with the previous notes.
