The Central Bank of Nigeria has ordered all commercial banks in Nigeria to submit sample copies of their chequebooks before and after production. They are to submit to the Cheque Standard Administration Unit of the CBN for analysis and approval.
The move would allow the CBN to confirm the personalisation and security features of the chequebooks. It would also allow CBN to enforce compliance to standards by the banks. Accredited cheque printers in the country were also mandated to do same as soon as they got production contracts. What do you make of the CBN's orders?
Read More: Bank Sample Checks