CBN warns against fake banknotes

CBN warns against fake banknotes

The CBN on Friday warned against the proliferation of counterfeit banknotes, particularly in higher denominations. The bank said it observed that the fake notes are being circulated during transactions in food markets and various commercial centers across major cities nationwide. Referencing Section 20(4) of the CBN Act (2007) as amended, the bank emphasised that the … Read more