Cash-less Policy: CBN to Stop Cashing of Third-party Cheques Above N150,000 Today

ABUJA –  The Central Bank of Nigeria will from Monday (today), peg the maximum ceiling of N150,000 on conversion of third-party cheques to cash by individuals.

CBN to Stop Cashing of Third-party Cheques Above N150,000 TodayBiztellers reports that the directive is in tune with the cash-less policy of the CBN.

The implication of the policy is that any cheque above N150,000 originating from a third party must be lodged into the beneficiary’s account.

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