Cash-Less Nigeria Project Overview

3rd party cheques above N150,000 shall not be eligible for encashment over the counter. Value for such cheques shall be received through the clearing house Exemption granted on lodgment for accounts operated by Ministries, Departments and Agencies (MDAs) of the Federal & State Governments, for the purpose of revenue collections only Banks to cease cash in transit lodgement services rendered to merchant-customers and to be replaced by CBN licensed CIT providers NIB

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