CBN to slam 5yr ban on bank customers over dud cheque

By Babajide KomolafeThe Central Bank of Nigeria (CBN) is working on a policy that would impose a five-year ban on ‘serial dud cheque issuers’.Under the proposed penalty clause a customer is designated ‘serial dud cheque issuer’ when he/ she issues cheques three times and they are not honoured due to insufficient funds.The CBN announced this in an  exposure draft of  its planned ‘Guidelines on the Treatment of Dud Cheques’ released yesterda