Regulatory Alerts2020-12-16 | BKS/DIR/CIR/GEN/02/042Circular On The Revised Nigeria Cheque Standard (NCS) and Nigeria Cheque Printers Accreditation Scheme (NICPAS)
Due to the Covid-19 pandemic, the Central Bank of Nigeria adjusted the implementation timeline for the Nigeria Cheque Standard (NCS) and Nigeria Cheque Printers Accreditation Scheme (NICPAS). The new deadline for banks to migrate to the new standard is March 31, 2021, with full enforcement of the NCS/NICPAS 2.0 and its sanction grid commencing on April 1, 2021. Deposit money banks are directed to educate their customers and ensure a smooth transition to the new standard.
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payments
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remediation