Around the University TownCampus NewsNORSU warns of counterfeit money

NORSU warns of counterfeit money

-

- Advertisment -spot_img

Officials of Negros Oriental State University System led by President Dr. Don Vicente C. Real are warning the public about the proliferation of counterfeit money circulating nowadays after a NORSU Nursing student was discovered in possession of two fake one thousand peso bills.

On May 9, Jovelyn T. Alabata, receiving staff of the NORSU Accounting office, suspected that two one thousand peso bills a student was using to pay for her summer tuition were counterfeit. Upon close inspection using ultraviolet light technology the said bills were confirmed to be fake.

Latifa Jemutai Chepkwony, a foreign student taking up Nursing in NORSU Main Campus I, who was in possession of the fake bills, claims that she did not know the bills in her possession were counterfeit. In a written statement, Chepkwony claims that she and a friend, Felix Kogei, withdrew money from a Western Union outlet at Robinson’s Place Dumaguete on the evening of May 8. Upon receiving the money, a man next to her asked if she could change three one-thousand peso bills. Not suspecting anything out of the ordinary, Chepkwony claims that she gave the man six five hundred peso bills in exchange for the three one-thousand peso bills. It was this money that she used to pay NORSU.

Dr. Real made this appeal in light of recent information that huge amounts of moneys will be spent by certain politicians in the province for the upcoming elections. Provincial officials, in several media interviews, warn that there is a big possibility that this amount, suspected to be used for vote-buying, are counterfeit.

Dr. Real pointed out that once the counterfeit money circulates it would negatively affect the local economy, especially, small scale businesses and individuals who have no means to detect if the bills were fake. This would especially affect unsuspecting cashiers who will be asked to replace the amount lost to counterfeit money. Moreover, people who are found to be in possession of fake currency, whether they know it or not, can face stiff punishment from the law.
 

The NORSU President is urging the public to report to the proper authorities persons in possession of fake currency and to take extra precaution of the modus operandi of unscrupulous people who intend to dispense of counterfeit money. (NORSU-IPO)

(Back to MetroPost HOME PAGE)

Latest news

City’s 2025 budget still hanging

    “It will not happen again. We made the mistake before. We will not make the same mistake again.” This was...

Chinese spy nabbed in Dumaguete

    The National Bureau of Investigation and the Armed Forces of the Philippines presented in Manila Thursday an alleged Chinese...

Cause for concern

    The capture of a suspected Chinese spy last week right here in Dumaguete City continues to be the talk...

5 dolphins die in stranding

    Five dolphins died in Bais City, following a mass stranding in Bais Bay, Negros Oriental. Authorities suspect the dolphins died...
- Advertisement -spot_imgspot_img

2000 Canlaon evacuees to get TUPAD aid

    More than 2,000 displaced residents from Canlaon City, Negros Oriental, have been identified as beneficiaries of the government’s Tulong...

Comelec to hold candidates’ fora

    The Commission on Elections is organizing a forum for Negros Oriental candidates in the May 12 national and local...

Must read

City’s 2025 budget still hanging

    “It will not happen again. We made the mistake...

Chinese spy nabbed in Dumaguete

    The National Bureau of Investigation and the Armed Forces...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you