2012-06-15 | BPS/DIR/GEN/CIR/01/009

Recall of Circular to all Nigerian Deposit Money Banks, Microfinance Banks and Primary Mortgage Banks on the use of the National Identity Number (NIN) for the "Know Your Customer" (KYC) Verification

The Nigeria Central Bank has issued a warning to accredited cheque printers regarding the production of dividend/interest warrants for the Nigerian market. It emphasizes that these instruments must adhere to the stipulated standards set by the Nigeria Cheque Standard (NCS) and the Nigeria Cheque Printers Accreditation Scheme (NICPAS). The MICR Technical Implementation Committee has observed that most warrants currently do not meet this standard, and therefore, printers who produce non-compliant instruments will face sanctions. Strict compliance is required.

Nigeria

Central Bank of Nigeria

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