Regulatory Alerts2020-04-27 | BKS/DIR/GEN/CIR/07/003Re: Temporary Suspension of Cheque Clearing in the Nigerian Clearing System
The Central Bank of Nigeria's Banking Services Department is lifting the temporary suspension of cheque clearing in the country, allowing cheque instruments to pass through the clearing system starting April 28, 2020. This decision was made in collaboration with relevant stakeholders to promote the development of a safe and efficient payments system in Nigeria, even amidst the lockdown in certain states and the FCT. Deposit Money Banks are encouraged to inform their customers of this directive.
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payments