In a bid to save Nigerians from falling victims to fake Naira notes, the apex bank of the country, the Central Bank of Nigeria (CBN), has released the security features of the redesigned Naira notes.
There had been growing concerns among Nigerians about the possibility of duplicitous elements taking advantage of the situation by counterfeiting the new notes. This release of the security features, however, comes as a relief for everyone.
The Central Bank of Nigeria has highlighted the security features of the newly redesigned N200, N500 and N1,000 notes.
The disclosure was announced amid rumours that counterfeit units of the new notes are in circulation.
The bank had on December 6 announced its plans to redesign the naira notes as part of efforts to check inflation, counterfeiting and corruption.
But since the CBN began the distribution of its newly redesigned bank notes, there have been reports of some Nigerians presenting fake notes to vendors. Retailers and commercial transport workers have equally been reluctant to accept the new notes.
Recently, a video circulated online in which a food vendor rejected the new N1000 note from a customer. Nigerians online blamed the level of acceptance on illiteracy and poor sensitisation on the part of the government.
The public security features of the new ₦200, 500, and ₦1,000 banknotes as released by CBN can be seen in the explanatory photos below
How to identify the redesigned Naira notes
How to identify the redesigned Naira notes
How to identify the redesigned Naira notes
The current series of ₦200, ₦500 and ₦1,000 notes remain legal tender until the deadline of January 31, 2023
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