CBN Lifts Suspension On Cheque Clearing In Nigeria

The Central  Bank of Nigeria has lifted the suspension of cheque clearing which it instituted on March 31, 2020.

Various banks made this known to their customers in a statement today.

In its statement,  First Bank said, “Further to our earlier communication on the temporary suspension of cheque clearing in Nigeria which was instituted on the 31 March 2020 by Central Bank of Nigeria (CBN), we are pleased to inform you that the CBN has now lifted the suspension.

“To accommodate users of cheques and it’s use as one of the payment instruments in Nigeria in spite of the lockdown in some states and the Federal Capital Territory, all cheque instruments will now pass through the clearing system effective today 28 April 2020.”

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