Regulatory Alerts2019-06-25 | BKS/DIR/CIR/GEN/02/045Implementation of the Nigeria Cheque Standard (NCS) and Nigeria Cheque Printers Accreditation Scheme (NICPAS) Version 2.0
The Central Bank of Nigeria is implementing an updated version of the Nigeria Cheque Standard and Nigeria Cheque Printers Accreditation Scheme, with a transition period for old and new cheques running from September 1, 2019, to September 1, 2020. All Deposit Money Banks are reminded that cheques ordered after August 31, 2019, must adhere to the new standard, and they are advised to ensure their cheque processing systems are ready for the full adoption of the new standard by the deadline.
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payments