Kayode Tokede
With the prevalence of excessive denomination of counterfeit naira notes and foreign currency echange, Thunderballs Arrow Heads Nigeria Limited, in partnership with KISAN Electronic Company Limited, have launched a neighborhood meeting of K2A Model and Newton 3V forex counting machines in Nigeria.
Both machines are designed to detect and reject counterfeit notes in Nigeria’s banking sector.
The CEO, Thunderballs Arrow Heads Nigeria, Mr. Tunde Ojo, on the launching in Lagos not too long ago, mentioned the 2 machines had been designed to detect counterfeit notes in Nigeria’s banking sector, revealing that the sector is at present flooded with genuine pretend naira notes.
“The two machines had been designed to catch pretend naira notes in addition to pretend foreign currency echange. Any financial institution that buys our machines, it may be positive no counterfeit will cross by way of the system. The two machines are fail‑proof.
“I have been in this profession for almost 40 years and for us to settle for these products, we know it is fail‑proof. We have tested it and even the super counterfeit that everyone is talking about cannot pass through it,” Ojo mentioned.
According to him, 20 per cent counterfeit notes being laundered cross by way of the monetary establishments.
“If we can eliminate fake N1,000, N500 and foreign currencies, we have blocked the gateway to counterfeit notes in circulation,” he mentioned.
In his presentation, the Manager at Global Sales Department, KISANE Electronic Limited, Mr. Yu Ho‑Sung, said that the launching of the K2A Model and Newton 3V marks an thrilling starting in the Nigerian banking sector.
He famous that the most recent fashions are designed to deal with counterfeit notes, including that each machines have handed counterfeit detection exams by the European Central Bank and National Central Bank of different nations.
“The cornerstone of our competitive edge lies in technology and talent. Over 40 per cent of our workforce is directly embedded within our R & D institute,” he mentioned.
According to him, the South Korean firm is providing a whole vary of money dealing with options from the banknote counter/sorter to deposit machines for banks, CITs and retail prospects.
Ho‑Sung said that the corporate’s world grouping spans over 130 approved distributors throughout 100 nations.
