CBN Reveals Security Features of New Naira Notes as Fakes Circulates

The Central Bank of Nigeria (CBN) has released the security features of the new naira notes, to save Nigerians from falling victim to fake naira notes.Information Guide Nigeria

RIPPLES NIGERIA reports that this was made known in a document released by CBN on Tuesday.

The security features of the new Naira notes show 23 features on the N1,000 note, 15 features on the N500 note, and 10 features on the N200 note.

This release has brought relief to many Nigerians who have demonstrated fear over counterfeiting the Naira notes.

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The CBN said the naira banknotes are protected by a number of security features to enable the easy recognition of genuine notes.NYSC portal

Areas such as the portrait, lettering,  and the denominational numerals on the obverse and reverse of the notes are embossed.

According to RIPPLES NIGERIA, the Naira notes are also protected against photocopying. There are features, which are visible under ultraviolet light; for example, the serial number on each banknote is black, but turns green under ultraviolet light.JAMB portal

Meanwhile, a mobile money and bank agent in a video has disclosed that fake copies of the new N1000 naira notes have started circulation.

According to the bank agent, a customer performed a bank transaction through his wife’s Point of Sale (PoS) using a fake copy of the redesigned N1,000.

He went ahead in the video to show the difference between the fake and original redesigned N1,000 adding that the original note has a gold seal at the bottom of the right-hand side of the note and the seal cannot be erased when scratched.JAMB Result

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