Counterfeit N1,000 notes hit Borno markets, traders lament losses

Traders in Kwaya Kusar, Biu, and Bayo markets in Borno State are reporting significant financial losses due to the circulation of counterfeit N1,000 notes. The fake currency has reportedly been used in transactions, causing traders to unknowingly accept worthless bills. This has led to a loss of trust in cash transactions and has prompted calls for increased vigilance and security measures. Authorities have not yet commented on the situation, but traders are urging the government to take action to curb the spread of counterfeit money.

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