CBN Slams Up to N10m Fine on Banks and Cheque Printers for Security Breaches

Central Bank of Nigeria (CBN) has introduced stricter penalties for banks and accredited cheque printers that breach the Nigeria Cheque Standard and the Cheque Printers Accreditation Scheme, with fines now reaching N10 million per violation. In a circular dated February 10 and signed by Hamisu Abdullahi, director of Banking Services, the regulator said the revised

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