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 Strengthens to N1,329.80 per Dollar Officially and N1,390 on Parallel Market

Naira Weakens to N1,329.15 per Dollar as Demand Rises

Naira Firms to About N1,548 per Euro as Foreign Exchange Liquidity Improves

“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

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

Naira Strengthens to N1,329.80 per Dollar Officially and N1,390 on Parallel Market

by Jide Omodele
September 22, 2026
0

The naira gained against the dollar in both official and parallel foreign exchange markets on Monday, opening the week on...

Naira Surges Against US Dollar, Falls Below N1,000 Mark

Naira Weakens to N1,329.15 per Dollar as Demand Rises

by Jide Omodele
September 17, 2026
0

The naira slipped to N1,329.15 per dollar in the official foreign exchange market as renewed demand for international payments weighed...

Naira crashes to N742/$ in the parallel market

Naira Firms to About N1,548 per Euro as Foreign Exchange Liquidity Improves

by Jide Omodele
September 14, 2026
0

The euro-to-naira exchange rate has remained relatively stable around N1,548 amid the naira’s recent strengthening. The local currency’s appreciation has...

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Naira Weakens at Official Market After Two-Day Advance

by Jide Omodele
September 10, 2026
0

The naira recorded its first depreciation of the week in the official foreign exchange market, falling to N1,329.21 per dollar...

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

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash

September 22, 2026
Naira depreciates to N755/$ in the parallel market.

Foreign Exchange Supply Rises 20.5% to $8.94 Billion in 2025, CBN Data Show

September 22, 2026

Popular Story

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

    Naira Strengthens to N1,329.80 per Dollar Officially and N1,390 on Parallel Market

    0 shares
    Share 0 Tweet 0
  • Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash

    0 shares
    Share 0 Tweet 0
  • Dangote Lowers Petrol Price to N1,325 a Litre Nine Days After N85 Increase

    0 shares
    Share 0 Tweet 0
  • Foreign Exchange Supply Rises 20.5% to $8.94 Billion in 2025, CBN Data Show

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    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}
?>