Banks to stop accepting old cheque book from Thursday

Starting from tomorrow, Thursday 1, April the old cheque book will no longer be accepted at the clearing house in line with the Central Bank Nigeria (CBN)’s circular, last year, to Deposit Money Banks(DMBs) in the country.

CBN had in January extended the full implementation of the newly revised cheque book.

Sam Okojere, Director, Banking Services Department, in a circular posted on the CBN website, dated Dec. 9, 2020, referenced BKS/DIR/CIR/GEN/02/042 on the subject, the parallel run, in which old and new cheques are allowed to co-exist, will end on 31st March 2021, and thus only new cheques would be allowed in the clearing system from 1st April 2021.

Full enforcement of the second edition of the Nigeria Cheque Standard (NCS) and Nigeria Cheque Printers Accreditation Scheme (NICPAS) Version 2.0 will commence April 1, 2021, and the NCS/NICPAS 2.0. The sanction grid will be fully operational on April 1, 2021.

“All deposit money banks are (therefore) directed to actively enlighten their customers and ensure necessary provisions are put in place for a smooth migration to the New standard.

Already on Wednesday morning, deposit Money Banks have started to notify their customers that they will no longer accept the old cheque book while urging customers to requestfor the revised cheque books.

One of the banks, Ecobank, disclosed this to its customers through an email, entitled ‘CBN circular on new cheque design.’

In the email, it told customers, “We wish to remind you that effective 1st April 2021, the old standard cheque books would no longer be accepted through the cheque clearing system, while same will only be acceptable for In-branch transaction processing only.”

This is further to the revised Central Bank of Nigeria (CBN) circular on implementing the requirements of the Nigerian Cheque Standards (NCS) and the Nigerian Cheque Printers Accreditation Scheme (NICPAS) dated 28th February, 2019.”

“While we advise that you kindly request for the new cheque book (if you are yet to do so) before the cutoff date of 31st March 2021, we also encourage you to use our other digital channels (Ecobank Online, Mobile App, USSD and Debit Card) so you can continue to seamlessly carry out your transactions.”

TBT With Timaya.

Inetimi Alfred Odon was born on November 29, 1977, in Port Harcourt, Rivers State. He grew up in a very large family. Now he is better known by his stage name Timaya. In fact, he was the youngest of fifteen children in his family. His father worked as a banker and his mother was a trader.

For his early education, Odon attended Assemblies of God Nursery and Primary School. As for secondary school, his parents chose Nkpolu Oroworukwo for Timaya to attend. The school was also located in Port Harcourt. As a little boy, Timaya often broke family rules and attended late-night music events. Before Timaya’s graduation, his mom let him, his older brother and sister travel to Lagos. Timaya loved the city and after moving out, he gained admission into Lagos’ Ikeja Grammar School.

This was where he obtained his secondary school certificate. Later on, Timaya returned to Port Harcourt and started to become a Banking and Finance major. But he failed his exams and could not finish his studies. Timaya dropped out after his first semester and went to pursue his dream. He moved back to Lagos and joined Eedris Abdulkareem’s hip-hop group. He was just a backup vocalist, but those three years working for Eedris gave him a lot.

He gained valuable experience and learned how to compose good music. Top most interesting facts about Humblesmith The start of music career At that time, he decided to leave the group and focus on his solo career. He began to feel that he wanted to become something bigger than just a backup singer. He wanted everyone to hear his voice and not someone else’s.

He decided to come out of his shade and began to record and collaborate with fellow up-and-coming artists. His first cameo appearance was in a Lagos-based rap group, called UDX.’s musical video. It was at this time that he unexpectedly met producer K-Solo in Mafoluku, Oshodi. Later, this producer helped Timaya record his first major hit “Dem Mama”.

The producer K-Solo, describing the song in an interview posted on August 2013, said that “Dem Mama” was an account of the 1999 destruction of Odi. This is a river side community in Niger Delta. Soldiers at that time were hunting down militants and they were suspected of killing eight policemen. The village got burnt down and numerous people got killed or just lost.

Interesting facts from Harrysong`s biography fans should know After the huge success of “Dem Mama”, Timaya decided to accept K-Solo’s offer and worked with him on seven more hits. For his first album “True Story”, he recorded seven different songs and released it in 2007. Not long after, Timaya started to work right away on his second album with well-known producers Phyno, Jeggs, Akeem D Beat, K-Solo, Spankie, and Terry G.

STRIKE: Nigerian govt, varsity workers to resume talks Thursday

The Federal Government and the non-teaching staff of Nigerian universities will resume their meeting on Thursday.

The meeting between the two parties held earlier this month was inconclusive.

But the federal government and the workers who came together under the aegis of Joint Action Committee on Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Universities and Allied Institutions agreed to set up a committee to resolve the dispute over Integrated Payroll and Personnel Information System (IPPIS) and the N40billion earned allowances.

The Deputy Director (Press) in the Ministry of Labour and Employment, Mr. Charles Akpan, who disclosed this in a statement, said the meeting would hold at the ministry’s headquarters in Abuja.

The workers are challenging the inconsistencies in the implementation of the IPPIS, non-payment of arrears of national minimum wage, delay in the renegotiation of FG/NASU and SSANU 2009 agreement and non-payment of retirement benefits of former staff of the universities, among others.

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