2009-08-14 | BSD/DIR/GEN/CIR/03/021

Alert on Counterfeit CFA Notes in Circulation

The Central Bank of Nigeria has warned banks, discount houses, and bureau de change about the circulation of counterfeit CFA notes, particularly in Senegal, Guinea Bissau, and Cameroun. The counterfeit notes are in denominations of CFA5,000 and CFA10,000 and have specific serial numbers. Financial institutions are advised to be vigilant and take precautions to prevent these counterfeit notes from entering the Nigerian financial system.

Tags
fraud
payments
monetary