Counterfeit new naira notes spotted In Lokoja, days after CBN began circulation.

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By:Abubakar S. H

Counterfeits of the newly redesigned naira notes have begun circulating in the Nigerian economy, especially in Lokoja, Kogi state.

This is coming after the Central Bank of Nigeria (CBN) made the notes available recently.

Recall that the apex bank had said the newly redesigned notes would help to address hoarding, reign in inflation and most importantly, checkmate counterfeiting.

The fake 1,000 notes was spent in a restaurant in lokoja today, which looks almost like the original.

The restaurant woman (namewitheld) having his shop close to NUJ press centre, Lokoja, confirm to pressmen, explained how she unknowingly received the counterfeit money from one customer at night, she said.

“Fake money is in town now, people should be very careful.” Comparing the new N1,000 notes with the counterfeit, she added “this is the original and this is the fake.

” There are indications that Nigerians have been reluctant in their acceptance of the newly redesigned naira notes”.

” It will take a while for a lot of the market women to get accustomed to the new banknotes”.

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