RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Currencies

NSCDC raises concerns over circulation of fake notes.

Rate Captain by Rate Captain
March 13, 2023
in Currencies
Reading Time: 1 min read
A A
0
NSCDC raises concerns over circulation of fake notes.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Nigeria Security and Civil Defence Corps (NSCDC) says it will continue to arrest and prosecute those involved in producing and circulating fake redesigned naira notes.
A
hmed Audi, the commandant-general of the corps, while addressing the newsmen on Sunday in Abuja, said that the number of cases of circulation of fake naira notes had become worrisome, while warning perpetrators to desist, adding that the corps would not relent but continue to arrest and prosecute those involved in economic sabotage of the country.

Audi said in less than a month, the corps had arrested and seized fake naira notes worth millions from members of syndicates in different states, adding that while interrogating most of the arrested suspects, it was deduced that the alleged fraudsters took advantage of the low circulation of the redesigned naira notes to massively produce counterfeit notes.
“Many innocent Nigerians must have fallen victim to their scheme while they collected bank money transfers and exchange of foreign currencies.

AlsoRead

IMF Says Naira Remains Undervalued by 25.6%, Urges Slower Reserve Build-Up

Naira Holds Firm at N1,380/$ as FX Inflows Reach One-Year High

Naira Depreciates to N1,385/$ in Parallel Market Amid Tight Dollar Supply

“The arrest of these syndicates will help us fish out more criminals who have decided to take advantage of the economic situation in the country to scam people,” he said.

Mr Audi further advised citizens to avoid being victims of fraudsters by ensuring they transact with banks, most especially when large sums were involved.

Previous Post

Tech companies adopt cost-cutting strategies as investment slows down

Next Post

CBN debunks alleged plot against Tinubu

Related News

IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

IMF Says Naira Remains Undervalued by 25.6%, Urges Slower Reserve Build-Up

by Jide Omodele
June 30, 2026
0

The International Monetary Fund (IMF) has assessed that the Nigerian naira is still undervalued by approximately 25.6%, even after notable...

Naira appreciated to N738/$ in the Parallel Market

Naira Holds Firm at N1,380/$ as FX Inflows Reach One-Year High

by Victoria Attah
June 29, 2026
0

The Nigerian naira maintained stability against the US dollar in the official foreign exchange market on Thursday, closing at N1,380.11...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Depreciates to N1,385/$ in Parallel Market Amid Tight Dollar Supply

by Jide Omodele
June 26, 2026
0

The Nigerian naira came under renewed pressure in the parallel market on Wednesday, weakening to N1,385 per US dollar from...

Dollar Index Loses Steam as Treasury Yields Drift Back to 4.8%

Naira Weakens Slightly to N1,370.64/$ at Official Market

by Jide Omodele
June 25, 2026
0

The Nigerian naira recorded a marginal decline against the US dollar at the official foreign exchange window on Tuesday, June...

Next Post
Currency in circulation drops massively in the third quarter of 2022.

CBN debunks alleged plot against Tinubu

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

FG 2053 Bond Records $364 million Subscription as Investors Seek Record Yields

DMO Plans N4 Trillion FGN Bond Issuance for Third Quarter of 2026

June 30, 2026
FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

Nigeria Records N366bn Drop in Exports to US as Imports Surge in Q1 2026

June 30, 2026

Popular Story

  • Nigeria’s Debt to China Surges by $800 Million in One Year

    31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Forex Market Activity Surges as Naira Records Modest Weakening

    0 shares
    Share 0 Tweet 0
  • Naira Holds Firm at N1,380/$ as FX Inflows Reach One-Year High

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Exports to US Drop by N366bn in Q1 as Imports from America Surge

    0 shares
    Share 0 Tweet 0
  • Nigeria’s oil output rises by 31million barrels.

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>