CBN Seizes N365M Counterfeit Banknotes in 5 Years.

The Central Bank of Nigeria seized N365.24m counterfeit notes between 2016 and 2020, The figures were collated from the CBN’s annual report for each year available on its website. The 2017 CBN annual report noted that the bank seized 77,576 pieces of counterfeit banknotes, valued at N51.45m in 2016. The 2018 report showed that N93.43m fake notes were seized in 2017 and N98.82m in 2018. The…
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