The Naira banknotes are protected by a number of security features to enable the easy recognition of genuine notes. The distinguishing features which can be recognized by touch and visibility are the raised print, the security thread and the watermark. Other areas such as the portrait, lettering and the denominational numerals on the obverse and reverse of the notes are embossed. The raised prints provide the tactility, while the security thread, which ordinarily, looks broken but is not when held up against light, has "CBN" in small lettering printed on both sides of the notes.
The Naira notes are also protected against photocopying. There are also features, which are visible under ultraviolet light; for example, the serial number on each banknote is black, but turns green under ultraviolet light.
Some of the things to Look out for in Naira Notes includes:
1. The Neatness of the Image on the Money:
Most of the time, the image of the ICONs on the naira notes are often not well drawn on counterfeit money. They usually have rough edges when oberved closely. Genuine Naira notes always have a well and neatly drawn image. However, some of this fraudsters have advanced as some counterfeit money have well drawn image.
2. The Feel of the Naira Notes:
Original Naira note is usually thick and of good quality. One of the features to look out for in order to identify fake money is the quality of the note. Counterfeit naira notes are usually of bad quality and very light.
3. CBN on the silver Lining:
Naira notes has a silver lining at the back. For the Original notes if closely oberved has CBN written on it but for the counterfeit note, the CBN is usually not well written as it can have abbrevations like CNB and different combinations.
4. The Image shown on the Naira when Raised up:
You can easily see the image of the ICONs when the naira is raised up on the light right part the naira notes. This images is well and neatly drawn which is a copy of the original image on the naira. Other content in this light right part is clearly written like the CBN or the Denomination of the note. For a counterfeit note, all the details here is not well written and the image is always badly drawn.
5. The Quality of the Printing:
The quality of printing of a counterfeit note is usually very different from an original note. For example, the colour of a counterfeit naira note is either fade or it is too coloured.
6. Colour of the Serial Number:
The colour of the serial number can also be used to differentiate an original naira note to a counterfeit note when placed under the ultraviolet light. The colour of the serial number is usually black but changes when placed under the ultraviolet light. For example, the serial number on each banknote is black, but turns green under ultraviolet light for the original note.
Notes:Fraudster majorly focus on the paper note and of more focus is the higher denomiations. As such, Fake 1000 and 500 naira notes is easily their target
The currency banknotes issued in Nigeria are in: (₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500 and ₦1000). denominations. The lower denominations ((₦5, ₦10, ₦20, and ₦50) are printed on polymer substrate and are 130 X 72 mm in size, while the higher denominations ( ₦100, ₦200, ₦500 and ₦1000) are printed on paper substrate and are 151 X 78 mm in size. The paper and polymer substrates have specific constituents unique to banknotes. The printing process and the materials used provide the currency banknotes with distinctive qualities necessary to give the banknotes a long lifespan in circulation. At the same time, these special features give a distinctive appearance and feel which are meant to protect the banknotes from counterfeiting
How to Identify Fake Naira Notes
The Naira banknotes are protected by a number of security features to enable the easy recognition of genuine notes. The distinguishing features which can be recognized by touch and visibility are the raised print, the security thread and the watermark. Other areas such as the portrait, lettering and the denominational numerals on the obverse and reverse of the notes are embossed. The raised prints provide the tactility, while the security thread, which ordinarily, looks broken but is not when held up against light, has "CBN" in small lettering printed on both sides of the notes.
The Naira notes are also protected against photocopying. There are also features, which are visible under ultraviolet light; for example, the serial number on each banknote is black, but turns green under ultraviolet light.
Some of the things to Look out for in Naira Notes includes:
1. The Neatness of the Image on the Money:
Most of the time, the image of the ICONs on the naira notes are often not well drawn on counterfeit money. They usually have rough edges when oberved closely. Genuine Naira notes always have a well and neatly drawn image. However, some of this fraudsters have advanced as some counterfeit money have well drawn image.
2. The Feel of the Naira Notes:
Original Naira note is usually thick and of good quality. One of the features to look out for in order to identify fake money is the quality of the note. Counterfeit naira notes are usually of bad quality and very light.
3. CBN on the silver Lining:
Naira notes has a silver lining at the back. For the Original notes if closely oberved has CBN written on it but for the counterfeit note, the CBN is usually not well written as it can have abbrevations like CNB and different combinations.
4. The Image shown on the Naira when Raised up:
You can easily see the image of the ICONs when the naira is raised up on the light right part the naira notes. This images is well and neatly drawn which is a copy of the original image on the naira. Other content in this light right part is clearly written like the CBN or the Denomination of the note. For a counterfeit note, all the details here is not well written and the image is always badly drawn.
5. The Quality of the Printing:
The quality of printing of a counterfeit note is usually very different from an original note. For example, the colour of a counterfeit naira note is either fade or it is too coloured.
6. Colour of the Serial Number:
The colour of the serial number can also be used to differentiate an original naira note to a counterfeit note when placed under the ultraviolet light. The colour of the serial number is usually black but changes when placed under the ultraviolet light. For example, the serial number on each banknote is black, but turns green under ultraviolet light for the original note.
Notes: Fraudster majorly focus on the paper note and of more focus is the higher denomiations. As such, Fake 1000 and 500 naira notes is easily their target
The currency banknotes issued in Nigeria are in: (₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500 and ₦1000). denominations. The lower denominations ((₦5, ₦10, ₦20, and ₦50) are printed on polymer substrate and are 130 X 72 mm in size, while the higher denominations ( ₦100, ₦200, ₦500 and ₦1000) are printed on paper substrate and are 151 X 78 mm in size. The paper and polymer substrates have specific constituents unique to banknotes. The printing process and the materials used provide the currency banknotes with distinctive qualities necessary to give the banknotes a long lifespan in circulation. At the same time, these special features give a distinctive appearance and feel which are meant to protect the banknotes from counterfeiting