Nigerian Banks dump old cheques, customers to obtain revised leaflets

Banks in Nigeria have notified customers that effective on Thursday (today), the old cheque leaflets will no longer be acceptable for clearing.

They also urged the customers to get the new revised cheque standard leaflets introduced by the Central Bank of Nigeria.

Earlier, the Central Bank of Nigeria had extended the phase-out date for old cheque books from January 1 to March 31.

The banking regulator said this became imperative due to the effect of the COVID-19 pandemic.

In a circular, the CBN stated, “The parallel run, in which old and new cheques are allowed to co-exist, will end on March 31. Only new cheques will be allowed in the clearing system from April 1, 2021.

“Full enforcement of the second edition of the Nigeria Cheque Standard and Nigeria Cheque Printers Accreditation Scheme version 2.0 will commence 1st April 2021 and the NCS/NICPAS 2.0. Sanction grid will be fully operational on 1st April, 2021.”

Fidelity Bank said in a mail to its customers that, “Following the directive of the Central Bank of Nigeria for banks to implement the revised cheque standard with additional security features, kindly contact your relationship manager or visit our nearest branch for a new cheque book if you are yet to obtain one.

“The new cheque leaflet has the following additional features: Expiry date, two-digit security code, QR code and standard dating format.”

-Punch

About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

No comments yet... Be the first to leave a reply!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: