CBN Begins Campaigns On Currency Features


The Central Bank of
Nigeria (CBN) has intensified effort towards educating the masses on the incorporated security features of the naira.
The effort is geared towards sustaining stakeholders’ confidence in the Nigerian currency.
According to a statement, the CBN Governor, Mr. Godwin Emefiele, during the maiden temporary exhibition of the currency in his office, warned against the act of counterfeiting the naira.
He noted that the creation of  awareness  would go a long way in helping the public identify counterfeit notes.
Emefiele, who was represented by the Deputy Governor in charge of the operations Directorate, Alhaji Suleiman Barau, said the apex bank is working hard to safeguard the value of the naira.
He said the bankers’ bank has worked out modalities to ensure that banknotes are not susceptible to counterfeiting.
In his opening remark, the Director, Currency Operations Department of CBN, Mr Olufemi Fabamwo, expressed concern over technological advancement which he said has posed a serious threat for the nation’s currencies to be counterfeited.
Fabamwo, however, said that the apex bank was active in playing her role in protecting the country’s currency from counterfeiting, adding that the CBN has put in place appropriate policies relating to preventing and minimising currency counterfeiting, in addition to easy identification of fake note awareness.