Fake New 1,000 Naira Note in Circulation– Findings

Fake copies of the new N1000 naira notes have been released into the economy, according to findings.

This came a few days after the Central Bank of Nigeria, CBN, released the redesigned naira notes in the denominations of N200, N500 and N1,000.

The development was revealed by a mobile money and bank agent in a video.

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

The agent further displayed in the video, the difference between the fake and original redesigned N1,000 note.

He explained 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.

While the old one doesn’t have a gold seal at the bottom of the right-hand side of the note close to the signatures.

Recall that the CBN released the redesigned naira notes on the 15th of December, 2022.