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KOKO TV Nigeria

CBN Releases Security Features Of New Naira Notes

The Central Bank of Nigeria (CBN) yesterday highlighted security features in the redesigned naira notes to reaffirm the safety of the legal tender.

The apex bank in a display marked out security features and peculiarities that distinctively differentiate the new naira notes and make them inviolable to counterfeiting.

The security features included, at least, 23 features on the N1,000 note, 15 features on the N500 note and 10 features on the N200 note.

The release of the demonstrative naira notes with marked security features followed reports that counterfeits of the new naira notes were already in circulation, few days after the official rollout.

KOKO TV had reported that there were confusion and palpable fears over the possible faking of the new naira notes, even as most Nigerians have not been able to touch the scarcely available new notes.

Many respondents who had spoken to reporters said they were afraid of being victims of counterfeits as a viral video raised the alarm over the presence of a counterfeited N1,000 new naira note.

According to the apex bank, to recognise the N1,000 notes, users should look out for intaglio raised print, portrait watermark, officially variable ink that changes from blue to green with change in angle of view, kinegram with the image of N1,000 and Coat of Arms, iridescent band, windowed metallic security thread and see-through printing in register.

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The security features on N500 notes included a hand-engraved portrait, windowed metallic security thread with CBN inscription, CBN 500 watermark, portrait watermark, officially variable ink that changes from blue to green with a change in angle of view, silver patch with embossed Coat of Arms, see through printing in register and raised intaglio print.

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Photo Credit: Getty