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

Naira Opens New Trading Week with Slight Depreciation in Official Market

Naira Opens New Trading Week with Slight Depreciation in Official Market

Naira Hits Strongest Level Since Mid-February as Global Dollar Weakens

“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

Naira depreciates to N755/$ in the parallel market.

Naira Opens New Trading Week with Slight Depreciation in Official Market

by Jide Omodele
April 22, 2026
0

The Nigerian naira opened the new trading week on Monday, April 20, 2026, with a modest adjustment in the official...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Opens New Trading Week with Slight Depreciation in Official Market

by Stephen Akudike
April 20, 2026
0

The Nigerian naira opened the new trading week on Monday, April 20, 2026, with a modest adjustment in the official...

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

Naira Hits Strongest Level Since Mid-February as Global Dollar Weakens

by Stephen Akudike
April 16, 2026
0

The Nigerian naira extended its recent rally on Wednesday, closing at N1,341.99 per US dollar in the official foreign exchange...

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Naira Strengthens to N1,355/$ as Fragile US-Iran Ceasefire Eases Dollar Pressure

by Jide Omodele
April 13, 2026
0

The Nigerian naira posted a notable gain against the US dollar on Friday, closing at N1,355.25 in the official foreign...

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

UAC of Nigeria PLC Elects Khalifa Adebayo Biobaku as Vice Chairman of the Board.

UAC Nigeria Lists N54.03 Billion Bond on NGX in Fixed Income Push

April 22, 2026
Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

NNPC Crude Deliveries to Dangote Refinery Exceed 1 Million Tonnes in April

April 22, 2026

Popular Story

  • UAC of Nigeria PLC Elects Khalifa Adebayo Biobaku as Vice Chairman of the Board.

    UAC Nigeria Lists N54.03 Billion Bond on NGX in Fixed Income Push

    0 shares
    Share 0 Tweet 0
  • CBN Warns Public of Fraudulent Links Targeting Bank Accounts.

    0 shares
    Share 0 Tweet 0
  • NNPC Crude Deliveries to Dangote Refinery Exceed 1 Million Tonnes in April

    0 shares
    Share 0 Tweet 0
  • Brent Crude Price at $84.21 Per Barrel as Oil Prices Face Weekly Decline

    0 shares
    Share 0 Tweet 0
  • Naira Opens New Trading Week with Slight Depreciation in Official Market

    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}
?>