Koye-Ladele Mofehintoluwa, a student of Obafemi Awolowo University , Ile-Ife, Osun State, almost landed in trouble at the weekend hewithdrew fake a note from an Automated Teller Machine .
"The complaint from a number of bank users is that ATMs now release fake currencies, which customers rarely discover on time because they are usually hidden among other notes, the exception being the withdrawal of single currencies," he lamented."Across various parts of Nigeria, fake notes were used in vote-buying during the elections and they are now in circulation."“I have a series of those experiences with fake notes, also with torn money,” he said.
Fake money is hard to identify, as the recent counterfeits look very much like the original and even have all the stamps and markers of identification. The paper texture is the best way to know counterfeits; the paper material used is different from that of real money. Also, raising it to the sun or any source of light may assist in differentiating fake from original.
How possible, I think the bank should address this issue?
Any day any Atm in Nigeria gives me fake cash, I must make sure that I sue their ass
I have withdraw fake notes from ATM too.i never knew it was fake until the women making my daughter's hair returned it back .I was not just embarrassed but shocked .Our banking system need to be honest and fish out the bad eggs among the staffs .