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The Central Bank of Nigeria (CBN) has issued a warning regarding the prevalence of counterfeit Naira notes in the country's markets.
The apex bank urges vigilance, collaboration with security agencies, and adoption of alternative payment methods to curb the circulation of fake currency.
It emphasizes the legal consequences for offenders under Section 20(4) of the CBN Act. The public is encouraged to report suspected cases to authorities and embrace electronic channels for transactions.