The Central Bank of
Nigeria (CBN) has directed deposit money banks to attend to customers who wish
to clear cheques.
In a statement by
Sam Okojere, director of the CBN banking services department, the suspension
placed on cheque clearing has been lifted effective April 28.
The apex bank had,
on March 30, suspended cheque clearing in relation to the lockdown in Lagos,
Ogun and Abuja announced by President Muhammadu Buhari.
“In furtherance of
its effort in the development of a safe and efficient payments system in
Nigeria, the bank in collaboration with relevant stakeholders has reviewed the
need for cheque clearing to accommodate users of the cheque as one of the
payment instruments in Nigeria, despite the lockdown of some states and FCT,”
the statement published on the CBN website on Monday read.
“In view of this
development, the bank hereby lift the temporary suspension of cheque clearing
in Nigeria. Consequently, cheque instruments will be allowed to pass through
the clearing system with effect from April 28, 2020.
“Deposit money banks
are encouraged to advise their customers of this directive.”
During his
presidential broadcast on Monday, Buhari had directed a gradual and phased
easing of the lockdown in Lagos, Ogun and the federal capital territory.
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