Here is the process of making fake money in Nigeria.
To venture into the trade you just need your brain, any Vitamin C liquid and a litre or more of Iodine. That sounds easy I know! In addition to having iodine you’ll need microfilms of paper that are cut in the sizes of the different denominations of our currency. Because of greed many architects of this trade “wash wash” use a thousand note sized microfilms. Sorry I had not told you this trade is called ‘wash wash’. The microfilms are got from the maters of the trade- the Nigerians and Indians, where these masters get them from I don’t know.
Now the way money is made from the microfilms, Vitamin C and iodine. A friend approaches you and tells you all niceties of making you rich like him/her. He/she tells you how he/she is well connected with an insider at Nigerian Security Printing and Minting Plc (NSPM) Plc, the connection comes in so as he can convince you how his money is real. You are told that that friend at Nigerian Security Printing and Minting Plc (NSPM) Plc has a way of getting money in the making- which is black in colour- of which you will finish the making process in your house. To prove that, the friend will do you a sample by producing a blackened a thousand note from his wallet. Looking at the black money you will indeed get vulnerable to his tricks. The friend will proceed to get his next tool of trade out, Vitamin C pellets. The vitamin C pellets will be put in a cup of water and mixed to dissolve. Here the friend has not said that what he just put in water is vitamin C pellet but he’ll tell you that, the pellet is a very expensive chemical that is imported from some country, South Africa, China or India.
After the vitamin C pellet has dissolved in water that blackened note will be put in the water and ‘washed’. Once in the water some act of trying to remove dirt will be done, its actually like cleaning a cloth but softly not to tear the paper. In a one minute’s time that blacked note will be clean and it is real money awaiting to be used. For quick processes, the washed cash is ironed to dry. The washed money will be given to you or the friend will take you to a bank so that he can proof to you that the money is real.
Once you have been made to believe money can be made the trade begins. The scammer being a friend, he will ask you to help buy the ‘expensive chemical’ used in cleaning black money of which you will agree. They usually set a price at 10k as being the cheapest. There is always a promise that you two will share the proceeds. In the next visit of the friend ‘scammer’ he will come with the Iodined microfilms of which he made you believe it is money that has not yet undergone the complete money making process of Nigerian Security Printing and Minting Plc (NSPM) Plc. Seeing those black papers you will be exited to cough you hard earned cash to make quick money. The friend will come with the black papers three times the amount of money you agreed to give in purchase of the expensive cleaning chemical. The black papers may be cleaned the same day but what am sure of, the friend-scammer will ask for a day or two to go find the chemical.
After you have given out your money you will be desperately calling him to come clean the ‘money’ which you believe the black papers are of which he may come back or never. If he comes back he has come for more money. The papers being real papers they will be cleaned by Vitamin C pellets and the result will be almost money looking papers. When that shocks you, you will be asked to give more money to rectify an anomaly in the process that made the money look faded, of course the money will be used to buy another chemical you will be told. If you don’t have the money it is called ‘Business closed’ since it must be more than your initial contribution and there is a deadline as to when the mess can be rectified. The friend will tell you three days for which he is sure you won’t make it. The result is he will remain a friend and secondly would have benefited from your greed for money.
Here is how the law says about printing fake money in Nigeria:
(1). Any person who falsely makes or counterfeits any bank note resembling any bank note issued by the Central Bank of Nigeria and which is legal tender in Nigeria, shall be guilty of an offence under this Act and shall on conviction thereof be sentenced to life imprisonment.
(2). Any person who falsely makes or counterfeits any current coin resembling any bank note issued by the Central Bank of Nigeria and which is legal tender in Nigeria, shall be guilty of an offence under this Act and shall on conviction thereof be sentenced to life imprisonment.
(3). Any person who falsely makes or counterfeits any bank note or coin resembling any bank note or current coin which is legal tender in any country other than Nigeria, shall be guilty of an offence under this Act and on conviction thereof shall be sentenced to life imprisonment.
Do not participate in any form of criminality stated above, remember you were warned, there are many people in prison already for committing these crimes.