The Central Bank of Nigeria, on Friday, said its attention had been drawn to the circulation of counterfeit banknotes.
The banking regulator noted that the counterfeit notes were common with higher denominations by some individuals for transactions in food markets and other commercial centers across major cities in the country.
It said this in a statement signed by the acting Director, of Corporate Communications, CBN, Mrs Sidi Hakama, on Friday.
This development came as bank depositors continued to complain of cash shortage, both from Automated Teller Machines and over-the-counter in the banks.
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