Okada riders in Kubwa rejects new Naira notes
Since the CBN released the redesigned Naira notes in the denominations of N200, N500 and N1,000, fake notes, especially of the new N1,000 notes have reportedly been in circulation.
The Central Bank of Nigeria (CBN) has assured that the banknotes were protected by some security features to enable easy recognition of genuine notes.
According to a statement by the Currency Operations Department of the apex bank, one of the distinguishing features between the fake and the real notes can be recognised by touch and visibility.
“If the texture of the Naira note is soft and the image in it appears dull, it is likely to be fake.
“This means that you should be sensitive to the touch of the money you are given when involved in any transaction.
“The N1,000 note has a gold foil on the right side, just near the CBN Governor’s signature.
“If you scratch the gold foil of a fake note it will peel off instantly, but the gold foil on the original note does not peel,” the CBN explained.