How can you tell a fake naira note?

How can you tell if money is counterfeit?

8 Ways to Spot Counterfeit Money

  1. Color-shifting Ink. …
  2. Watermark. …
  3. Blurry Borders, Printing, or Text. …
  4. Raised Printing. …
  5. Security Thread with Microprinting. …
  6. Ultraviolet Glow. …
  7. Red and Blue Threads. …
  8. Serial Numbers.

How can I make a fake naira note?

One of the easiest way to know fake naira notes is to quickly wet your hand with water then use that same hand to fold the money or scrub it gently, if the money is fake, the colour will start washing off immediately. You can also immerse the money in water for 20 seconds.

What happens if you take a counterfeit bill to the bank?

Depositing counterfeit money into a bank account is illegal, even if you do not know it is illegal. However, a court would have to prove intent to defraud the bank. … However, if you try to deposit money and the bank finds it is fake, you will lose the value of the bills.

Can you go to jail for using counterfeit money?

Under federal law, the use or attempted use of counterfeit currency is illegal if the person has the intent to defraud the recipient. A conviction for the offense carries up to 20 years in prison and a fine. … All of these crimes require that the prosecutor prove that the defendant acted with the intent to defraud.

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How can I make a fake bill?

Place a piece of real currency on the paper and then trace around its edges. Use a fine tipped pen to draw additional details inside the bill’s outline. This is an especially great way to make fake money for kid’s activities, as it allows you (or them) to put all sorts of images on a bill.

Who is in 100 naira note?

The 100 naira note became a legal tender in Nigeria in January, 1973, according to History Ville. Since then, the portrait of Obafemi Awolowo has been its adorning.

Who is the person on the 200 naira note?

200 Naira has the image of Ahmadu Bello: He played a major role in Northern Nigeria pre-independence politics. He was the first and only premier of Northern Nigeria.

Will a bank replace a counterfeit bill?

Will my bank replace fake money? Banks can, at their discretion, replace fake money received by their customers, but they are unlikely to do so. It makes little difference where the counterfeit came from — a store, an individual, or an ATM. In most cases, you’ll end up writing off the loss.

How do you spot a counterfeit $100 bill?

The letters “USA” and the number 100 alternate along the strip, which is visible from both sides of the note.

  1. If you hold the bill up to UV light, then the strip should glow pink.
  2. You can also purchase a counterfeit detector which shines UV light, which might be helpful if your business handles a lot of bills.

What is the penalty for passing counterfeit money?

Anyone caught passing fake money, even if they are not responsible for making it, will be charged for going against the laws of counterfeiting. This is because the federal government is the one legally responsible for distributing legal tender. Counterfeiters are given up to 20 years in prison or up to $250,000 fine.

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