Home Crime Banks To Pay N1m For Dispensing Counterfeit Notes ― CBN

Banks To Pay N1m For Dispensing Counterfeit Notes ― CBN

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The Central Bank of Nigeria (CBN) has warned that Deposit Money Banks (DMBs) caught dispensing counterfeit Naira notes through the Automated Teller Machine (ATM) or over the counter teller points will pay a fine of N1 million Naira.

CBN’s Director currency operations, Mrs Priscilla Eleje sounded the note of warning on Tuesday during the unveiling of the CBN Clean Notes Policy & Banknote Fitness Guidelines in Lagos.

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