Paper Contents
Abstract
The continuous circulation of counterfeit currency in Nigeria is a serious threat to the stability of the nations economy and citizenstrust in the financial sector of the country. Forensic examination and analysis techniques employed to identify counterfeit naira notes, such as ultraviolet (UV) analysis, watermark analysis, security thread analysis, microscopic analysis, and covert feature detection, are critically analyzed in this research. Based on forensic scholarship and empirical documents, the article assesses the impact of recent improvements in counterfeiting technologies on conventional means of detection, as well as institutional limitations that include inadequate forensic facilities, agency inefficiencies, lack of cooperation between organizations, and prosecution process delay. Nigerian laws and regulations in controlling counterfeiting are examined based on the Central Bank of Nigeria Act, the Criminal Code, and the Economic and Financial Crimes Commission (EFCC) Act. Although these laws constitute a strong legal framework, enforcement is still patchy because of resource constraints and procedural lags. Various studies show that in spite of Nigeria's official regulatory machinery, counterfeiting is rampant because of technological innovation by criminal networks and the lack of centralized forensic coordination. The research urges for more effective inter-agency cooperation, forensic tool modernization, and strategic legal reform to stem the spread of counterfeit currency in Nigeria
Copyright
Copyright © 2025 Isah Kaura Shehu. This is an open access article distributed under the Creative Commons Attribution License.
