Fake copies of the new N1000 Naira notes have been discovered to be in circulation right now.

A mobile money and bank agent in a video disclosed this. He said that a customer performed a bank transaction through his wife’s Point of Sale (PoS) using the fake copy of the redesigned N1,000.

In the video, he tried to establish the difference between the fake and original redesigned N1,000 note.

According to him, 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 December 15, 2022.

However, the banks are still making payments with the old denominations. They complained that the quantity of the new notes cannot go round the economy. Hence the need to release it in bit alongside the old notes.

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