Residents of Lokoja, the Kogi State capital, have raised alarm over the huge amont of fake naira notes in circulation in the capital city. Some of the affected residents who bspoke with one of our correspondent said it was particularly worrisome that the fake naira notes were from the banks.
Bank customers who had experienced the situation said it was more prevalent with the N500 denomination.
One of them, Uwar Adejo, a business woman in Lokoja, said she had lost a huge amount of money to these fake notes and urged the authority, especially banks, to address the situation.
She said the situation had brought about untold hardship to residents, especially business people as they were now sceptical about transacting business using the N500 denomination.
Following the development, commercial banks in state have sent messages to their customers, advising them to be wary of the dominant features of fake naira notes.
Source : Leadership
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