'It looks so real' - Video of fake new 1000 naira notes hit the internet, as PoS operator falls victim

A few days after the Central Bank of Nigeria (CBN) released the redesigned naira notes in the denominations of N200, N500 and N1,000, fake copies of the new notes have been released into the market.

A mobile money and bank agent in a video exposed this, claiming that a customer completed a bank transaction through his wife's Point of Sale (PoS) using a false replica of the new N1,000.

He went ahead in the video to show 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.

Legit.ng had earlier reported that the CBN Director of the Currency Operations Department, Ahmed Bello Umar, promised Nigerians that the new notes will be difficult to create counterfeit.

He said: "A lot was put into the redesign, especially on security features, the ink the paper the lines all were carefully done with advance features that will be difficult for any one to counterfeit.

When the good Nigerians are ready to make Nigeria great you will start to expose your family & neighbours that are the bad images around you.

Watch out to the fake new notes in circulation. Please teach those old women around you with small scale bness. pic.twitter.com/u6JLokr7xx

— Jubril of Sudan till 2023 (@Gen_Buhar) December 18, 2022