{
  "id": 17803812,
  "title": "Thunderballs Arrow Heads, KISANE Electronic Launch Fake-currency Detecting Machines in Nigeria",
  "url": "https://urgent.news/2026/11/02/thunderballs-arrow-heads-kisane-electronic-launch-fake-currency",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T13:02:18.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/11/02/thunderballs-arrow-heads-kisane-electronic-launch-fake-currency-detecting-machines-in-nigeria/"
  },
  "original_language": "en",
  "account": "Thunderballs Arrow Heads Nigeria Limited, in collaboration with KISAN Electronic Company Limited, has recently launched local assembly versions of K2A Model and Newton 3V currency counting machines in Nigeria. These machines are specifically designed to detect and reject counterfeit notes in the nation's banking sector. At the launch event in Lagos, Thunderballs Arrow Heads Nigeria CEO Mr. Tunde Ojo announced that these two machines are engineered to identify fake naira notes and foreign currencies currently overwhelming the banking system. He assured that any bank acquiring their products can be confident that no counterfeit currency will pass through their system, as the machines are considered fail-proof. Ojo explained that over 20% of counterfeit notes currently slip through financial institutions. By eliminating counterfeit N1,000, N500, and foreign currencies, the machines effectively block the pathway for counterfeit notes to circulate. Yu Ho-Sung, Manager at Global Sales Department at KISANE Electronic Limited, highlighted the significance of the launch in the Nigerian banking sector. He emphasized that the new models are designed to combat counterfeit notes and have passed stringent counterfeit detection tests conducted by the European Central Bank and the National Central Bank of various countries. Ho-Sung attributed their competitive advantage to their cutting-edge technology and highly skilled workforce, with more than 40% of their employees directly involved in their R&D institute. The South Korean company offers a comprehensive array of cash handling solutions, ranging from banknote counters and sorters to deposit machines for banks, credit unions, and retail customers. With a global presence, KISANE Electronic Limited boasts over 130 authorized distributors across 100 countries.",
  "summary": "Kayode Tokede With the prevalence of high denomination of counterfeit naira notes and foreign currencies, Thunderballs Arrow Heads Nigeria Limited, in partnership with KISAN Electronic Company Limited, have launched a",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}