The National Orientation Agency (NOA) has issued an urgent alert regarding counterfeit N1,000 notes circulating in Kwara State. State Director Abdulganiyu Dare confirmed the discovery of fraudulent banknotes bearing batch numbers 364232 and 898248, urging residents and businesses to exercise heightened vigilance.

In a statement released in Ilorin, Dare detailed key identifiers of the fake notes:

Blurred portraits and watermarks

Irregular security thread patterns

Poor paper quality compared to genuine notes

The agency received verified intelligence reports of syndicates distributing the counterfeit currency across markets and commercial hubs. Dare advised: "Always inspect banknotes under bright light, check watermark clarity, and verify the security thread. Report suspicious notes immediately to the Central Bank or security agencies."

NOA reiterated its commitment to collaborating with law enforcement to combat currency fraud and protect public financial security.

He urged the public to be cautious when handling large sums of money.

"The syndicates behind this crime exploit peak commercial hours in major local markets to carry out transactions with counterfeit notes.

"They target unsuspecting POS operators and merchants by defrauding them of their hard-earned money.

"NOA Kwara Directorate is committed to sensitising the public on the dangers of fake currency and the importance of verifying the authenticity of banknotes.

"The agency is working tirelessly to ensure that residents of Kwara are protected from financial scams," he said.

While describing the crime as unpatriotic and capable of distorting the Nigerian economy, Mr Dare said NOA would work closely with security agencies to bring the culprits to book.

The director advised residents to report suspicious transactions or individuals to the authorities immediately.

"Together, we can build a safer and more secure financial environment for all residents of Kwara.

"By working together, the NOA and the public can prevent the circulation of fake currency and protect the financial interests of Kwara residents," he said.

(NAN)