Abstract
Only secured and conducive environment void of robbery, kidnapping, fake currency and all forms of insurgencies will foster production and distribution of goods, investment and saving that enhance national economic growth and development. This is a mirage in a country generally believed and tagged the giant of African; Nigeria. Crime, in whatever name or nomenclature, has a significant negative impact on the welfare and economy prosperities of our society. The urge to get rich promotes Crime like armed robbery, kidnapping for ransom and production of counterfeit banknotes to mention but a few. Innocent people have suffered psychological distress, fear, anger, depression, physical harm, financial loss and in most cases untimely death during the operations by these hoodlums. Banks, Cash-In-Transit Vehicle, and ATM points are often robbed by gangs in search for paper currency. Kidnappers as well demand for paper currency as ransom while some other gangs are involved in the production of counterfeit banknotes so as to enrich themselves no minding the negative effect on the nation’s economy. The banknotes collected during the operations by the hoodlums are taken to banks. Yet, the banks will not detect or recognize any of these notes which attest to the fact that our system lacks check and balance. The system is very porous without a recourse to this era of technology when machine is trained to do virtually everything for our convenience. Currency as an entity has a unique identification number. The identification number is an alphanumeric currency issuance of about 10 digits comprises two (2) capital letters and eight (8) numbers usually positioned at a strategic location on either front or back of the 5, 10, 20, 50, 100, 200, 500 and 1000 naira notes. It is a reliable and intelligent system developed to track banknotes unique identifiers numbers- serial numbers, in order to control financial related crimes. Keywords: Nigeria Paper Currency Serial Number, Pattern Recognition DOI: 10.7176/IKM/11-3-04 Publication date: April 30 th 2021
Highlights
Robberies, kidnapping and production of counterfeit banknotes will continue until there is a step put in place to checkmate the activities of the gangs engaged in these evils
The aim of this paper is to develop a Nigerian Paper Currency Serial Number Pattern Detection and Recognition System for Crime Control
The highlighted steps below were followed to achieve the research objectives: The input samples used in this research were daily-used Naira Currency notes of ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500 and ₦1000
Summary
Robberies, kidnapping and production of counterfeit banknotes will continue until there is a step put in place to checkmate the activities of the gangs engaged in these evils. This step is to enhance check and balance in our system in order to detect and apprehend the gangs perpetrating the evils. Kidnappers and Gang producing fake currency are seizing the advantage of the Nation’s lack of a system void of check and balance If such system is implemented, the gangs should find it difficult to burgle banks, ATM points, Cash-In-Transit Van, homes and roads for cheap banknotes, for their selfish gain at the detriment of national economy and families. Very sad, many are maimed, injured or killed during their operations
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