A Twitter user shared a video of stacks of cash, stating the pile is the new Nigerian Naira.
The acclaimed new Nigerian currency in the video is the Euros, not the new Naira notes. The video was taken from a different context to form the new narrative.
Full Text:
The Central Bank of Nigeria (CBN) recently announced it has redesigned some Naira notes and would by December 2022 start circulating them. N100, N200, N500, and N1000 denominations are the affected ones.
As a result of the new CBN announcement, a Twitter user, (DIVINE T) @Folasheycrown22 has shared a video of the supposed new Nigerian currency.
She captioned the video, “The new Nigeria Currency y’all???”
The video has attracted more than 25,000 views, 1,000 likes and hundreds of retweets since it was shared on Twitter. In the comments, Ahmed Musa LP (@generalzango) disagreed with the tweet.
“This can’t be the new Nigerian currency! The memo didn’t include 10 Naira,” he commented.
Q (@tokqboy) also believed the supposed new Nigerian currency is from another African country. “Looks like South Africa currency,” he shared.
Meanwhile, Poet Fela nPGM (@neo_pelz_), another commenter, noted that CBN should keep the new Nigerian currency safe. “All these should be stamped with samples. People in charge will start stealing them soon,” he commented.
The diverse and conflicting views surrounding the tweet led DUBAWA to carry out an analysis that will correctly inform the public about the new Nigerian currency, especially if they are released.
Verification
To verify the video and its location, DUBAWA employed the InVID tool, which helps verify videos by analysing their content and providing keyframes to conduct a reverse image search. The tool provided a few key frames of the ten-second video in question and attempted a reverse image search which showed there were no similar images.
However, taking the currency samples in the acclaimed video revealed they were not Naira but Euros. First, the supposed N10 notes in the video are not part of the denomination CBN said it would change. The announcement is limited to the N100, N200, N500, and N1000 denominations.
Notably, only N200 and N100 notes in the video were readily noticeable due to the poor quality of the video. Hence, we compared the colour and design of the notes to other currencies and found out they were Euros and not Naira.
The CBN introduction of the new Nigerian currency is also scheduled for December and is yet to be released for circulation. CBN governor, Godwin Emefiele, said the new money would begin circulating from December 15, 2022.
Conclusion
Reverse image search, using InVid keyframes, did not show up with similar images. However, the on-screen analysis of the video suggests that the supposed new Naira currency is the Euro currency. Hence, the tweet is false.
