NSCDC Raises Alarm Over Circulation Of Fake Naira Notes

The Nigeria Security and Civil Defence Corps says it will continue to arrest and prosecute anyone involved in the production and circulation of fake Naira notes.

Its Commandant-General, Ahmed Audi, told newsmen on Sunday of the worrisome trend of fake redesigned Naira notes, noting that in less than a month, the corps had arrested and seized millions of fake currencies from members of syndicates in the country.

According to the Commandant-General, while interrogating most of the arrested suspects, it was deduced that the alleged fraudsters capitalized on the low circulation of the redesigned Naira notes to massively produce counterfeits.

He warned perpetrators to desist, and advised citizens to avoid being victims by ensuring they transact with banks, especially when large sums were involved.

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