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Poll Confirms Circulation of Counterfeit Naira Notes in Nigeria: NOIPolls - Business - Nairaland

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Poll Confirms Circulation of Counterfeit Naira Notes in Nigeria: NOIPolls by Paya(m): 2:10pm On Mar 28, 2017
Abuja, Nigeria. March 27th, 2017 – A new poll released by NOIPolls has revealed that 41 percent of respondents are aware of the recent circulation of counterfeit currencies (also known as fake Naira notes) in the country, and 19 percent of this proportion disclosed that they have personally come in contact with counterfeit currencies within the last three months. The market with 67 percent, proved to be the most common place where these currencies are circulated. This comes as no surprise, as some counterfeiters may see the market place as the most porous place to spread fake notes due to the wide range of small business establishments who may not notice during transactions. Hence, some businesses suffer losses due to their inability to recoup their money as banks confiscate fake notes at sight. Commercial banks (20 percent), public transport (5 percent) and ATMs (3 percent) were also mentioned as avenues for circulation. Further probing revealed that only 5 percent of the respondents admitted to spending the fake Naira notes that came into their possession.
http://payasmirror.com/poll-confirms-circulation-counterfeit-naira-notes-nigeria-noipolls/

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