Deposit Money Banks (DMBs) are yet to comply with the Central Bank of Nigeria (CBN) directive that they allow cheques payments into savings accounts.
The apex bank instructed the lenders that savings account customers with Bank Verification Number (BVN) should be allowed to deposit cheques not more than N2 million in value, per customer per day, into their accounts.
But two months after, the lenders claimed they were still upgrading their systems to enable them comply with the directive.
Adebola Oloye, a customer […]
According to reports, the Economic and Financial Crimes Commission (EFCC) has commenced the prosecution of an Abuja-based businesswoman, Mrs Joy Folake Yobah for allegedly issuing dud cheques valued at N50million to a business partner.
It will be recalled that Mrs Yobah, Managing Director of Skyhigh Ventures Ltd, was earlier this year arraigned before Justice Sylvanus Oriji of the High Court of the Federal Capital Territory in Apo, Abuja on a 5-count charge, to which she pleaded not guilty.
The court, on September […]