The Central Bank of Nigeria (CBN) has warned banks to beware of the circulation of counterfeit naira banknotes, particularly higher denominations, in major cities across the country. The warning was made in a statement signed by Hakama Sidi Ali, CBN’s acting director of corporate communications on Friday in Abuja. Ali said these counterfeit naira notes were mainly used for transactions in food markets and other commercial centres across the country. She said any person found complicit in the circulation of the counterfeit currency would face severe sanctions. “The attention of…
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