Nigerians received with shock the recent revelation by a former deputy governor of the CBN Obadiah Mailafia that 20 % of the nation’s currency in circulation is fake.
Mr Mailafia who was responding to the 2017 budget defense at the senate says it is unfortunate that the CBN is unaware of this threat to economic development.
Although the CBN has understandably debunked that claim, how would this impact the system?