Tag: Counterfeit
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Two suspects arrested with redesigned Naira notes counterfeit
The Police Command in Enugu State has nabbed two male suspects possessing, transacting and selling counterfeited redesigned N1,000 notes within a council area in Enugu State.
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NDLEA intercepts counterfeit $4.7million cash in Abuja
…52years suspect nabbed …also arrests nursing mum 3 weeks after bail on same drug offence Operatives of the National Drug Law Enforcement Agency, NDLEA, have foiled attempt by a syndicate to steal at least N2.7 billion from the Nigerian economy by pushing into circulation fake $4.7 million cash. TheNewsGuru.com, (TNG) reports this was contained in…
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CBN imposes N1m fine each on bank branches for paying counterfeit monies
The Central Bank of Nigeria (CBN) has imposed a penal fee of N1m on each branch of Deposit Money Banks for non-compliance with its ‘Banknote fitness guidelines and clean note policy documents for the industry.’ The regulator disclosed this in a circular to all DMBs on ‘Penalty for payment of counterfeit monies from ATMs, Teller…