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Home Finance

CBN excludes mint company from printing cheques

Business 360 by Business 360
May 22, 2023
in Finance
0
CBN introduces measures to protect banks against predatory borrowers, commences enrolment of all Development Finance Institutions (DFIs), Microfinance Banks (MFbs), Primary Mortgage Banks and Finance Companies.

The Central Bank of Nigeria has approved four local firms to print cheques in the country, according to a new circular. The circular, which was signed by the Director of the Banking Services Department, Sam Okojere, showed that the firms include Superflux International Limited,

Tripple Gee and Company, Yaliam Press Limited, and Marvelous Mike Press. These firms were accredited and approved as printers and personalisers of cheques.

The CBN said, “In furtherance of its mandate to ensure an efficient Payment and Settlement System, the Central Bank of Nigeria, in collaboration with the MICR Technical Implementation Committee, conducted the re-accreditation of Cheques Printers and Cheque Personalisers in line with the NICPAS qualification criteria.

As of May 4, 2023, the Cheque Printers and Personalisers with valid acrredication licence are as follows.” The circular also showed that seven banks were approved as personalisers of cheques, and they include Zenith Bank Plc,

Ecobank Plc, Stanbic IBTC Bank Plc, First Bank Ltd, Keystone Bank Ltd, Wema Bank Plc and Providus Bank Ltd. It was stated that all accredited printers and personalisers had been duly notified and certificates issued.

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