In Nigeria’s ongoing economic crisis, a concerning issue has emerged that demands immediate attention – the surge of fake naira notes, particularly in higher denominations. The Central Bank of Nigeria CBN has raised a red alert, cautioning the public about the influx of FAKE NAIRA NOTES circulating within the country. To shed light on this critical matter, Roots TV took to the streets to gauge the level of awareness among Nigerians regarding this. The CBN has made it abundantly clear that falsifying any banknote or coin issued by the institution is a punishable offense, carrying the potential penalty of imprisonment. In light of this, the CBN is urging Nigerians to adopt alternative electronic channels for their financial transactions, offering a safer and more secure approach.
Amidst these challenges, staying informed and proactive is crucial.The situation has escalated into a money-making mess, with fake naira notes circulating alongside the shocking discovery of fake water and wine factories, fake drugs, and fake food. NAFDAC, CBN we are at your mercy. Nigerians remain vigilant and cautious this festive season. Wishing you a Happy Holiday season filled with peace, love, and beautiful memories.