Clearing Cheques To Receive Value Next day



Great news as from tomorrow 4th September 2014,all clearing cheques will now receive value at the end of the next working day!!!

This was confirmed by Dipo Fatokun,the Central Bank Of Nigeria (CBN) Director,Banking and Payment System who said an enhancement to the cheque truncation system introduced by the CBN to effectively improve the efficiency of the Nigerian payment system.

What this means is that if you pay in a cheque on Monday, by the close of business on Tuesday, your account would be credited, unlike what is currently obtainable which is Wednesday.

So to all those liars who keep claiming their cheque never clear...na just one day grace you have to pay up!!!!(Lol)

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