NSCDC raises alarm over circulation of fake new naira notes

The Nigeria Security and Civil Defence Corps (NSCDC) says it will continue to arrest and prosecute those involved in the production and circulation of fake redesigned naira notes in the country.

The NSCDC Commandant-General, Ahmed Audi, who made this known in Abuja on Sunday, said the number of fake naira notes in the country has become worrisome.

Audi warned perpetrators to desist from circulating the fake denominations, adding that the corps would not relent but continue to arrest and prosecute those involved in economic sabotage of the country.

READ ALSO: ACF to FG: Comply with court order on old naira notes

He said in less than a month, the NSCDC has arrested and seized fake naira notes worth millions from members of syndicates in different states in the country.

The NSCDC CG stated that while interrogating most of the arrested suspects, it was deduced that the alleged fraudsters took advantage of the low circulation of the redesigned naira notes to massively produce counterfeit notes.

“Many innocent Nigerians must have fallen victim to their scheme while they collected bank money transfers and exchange of foreign currencies.

“The arrest of these syndicates will help us fish out more criminals who have decided to take advantage of the economic situation in the country to scam people,” Audi added.

Audi, therefore, advised Nigerians to avoid being victims of fraudsters by ensuring they transact with banks, especially when large sums were involved.

The Star