VIDEO: Fake new N1,000 notes now in circulation


Fake copies of the newly redesigned N1,000 notes have been discovered in the country, a few days after release by the Central Bank of Nigeria (CBN).

It would be recalled that the CBN recently redesigned three naira notes out of the existing eight banknotes.

These are the N200, N500, and N1,000 denominations which commercial banks commenced dispensing to customers last Thursday, December 15.

However, a bank agent, in a viral video, disclosed that a customer performed a bank transaction through his wife’s Point of Sale (PoS) using a fake copy of the redesigned N1,000 note.

The man, who explained the difference between the fake and original redesigned N1,000 note, said the original denomination has a gold seal at the bottom of the right-hand side of the note, adding that the seal cannot be erased when scratched.

He stated that the fake naira note doesn’t have a gold seal at the bottom of its right-hand side close to the signatures.

There were several reports that the banks in the country received small quantities of the newly redesigned naira notes last Thursday as customers were paid a few notes and with the old ones over the counter while Automated Teller Machines (ATMs) dispensed old banknotes to Nigerians.

Several commercial banks had complained that they ran out of the small quantities of the new banknotes allocated to them from their head offices.

Watch the video below:

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