Central Bank of Nigeria, CBN has raised alarm over
fraudsters attempting to deploy new N100
commemorative centenary banknote into circulation.
A circular posted on the apex bank’s website
yesterday warned the general public on what to look
out for in the new N100 note in circulation.
According to CBN the steps to follow and ensure
the banknotes are genuine include: Check the paper
and the raised embossed print.
This can be done by running fingers across the front
of the new note; it will feel the raised prints in
areas such as “Central Bank of Nigeria”, the image
of Chief Obafemi Awolowo and the N100 numeral on
the top left and bottom corners.
Also the Motion security thread is embedded on the
banknote. It appears as green dashes in the front of
the new note with“100” and Nigerian flag moving
when tilted.
And to check the water mark, hold the note up to
the light with the front of the note facing you. In
the clear area on the right, you will see an image of
Chief Obafemi Awolowo’s portrait together with a
100 numeral. “Any banknote that does not contain a
watermark is not genuine,” according to the CBN
circular.
Another feature include the Optical Variable
Magnetic Ink OVMI Spark: A rolling bar that changes
colour from green to purple when tilted. This
feature is superimposed on two squares with a
manila, which are strategically placed at the front
of the banknote.
The new note also has the QR Quick Response Code:
Digitalized barcode that tells the centenary story
when scanned with an internet enabled mobile device
or an Ipad. It is located at the back of the note.
In case of the Serial Number, a unique seven digit
novel serial numbering, consisting of letters and
numbers printed on the front side of the new note is
important to observe. The horizontal number is
conical, that is, it grows in height from left to
right.
Also there is the See through feature, located on
the front of the note left corner, effect is
produced on coconut.
Tactile marks for the visually impaired: Pronounced
raised lines on the left and right corner on the
front of the banknotes. President, Dr. Good luck
Jonathan unveiled the N100 centenary
commemorative banknote on 12th November,
2014. —
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