Central Bank of Nigeria (CBN) at the weekend, released the list of certified cheque printers in the country, in a bid to foster efficient payment and settlement system.
In a circular dated May 4, 2023, signed by Sam Okejere, director of Banking Services Department, the bank said the move was part of its mandate to ensure an efficient payment and settlement system, adding that it carried out the programme in partnership with MICR Technical Implementation Committee (MTIC) and directed it to all Deposit Money Banks (DMBs) nationwide.
CBN has approved four local firms to print cheques in the country, according to the new circular.
The apex bank noted that it conducted the re-accreditation of cheque printers and cheques personalisers in line with valid accreditation licenses.
The names of the licensed printers include; Superflux International Limited, Tripple Gee and Company Plc, Yaliam Press Limited and Marvelous Mike Press Limited.
On the other hand, the seven banks acting as personalisers include; Zenith Bank, Ecobank, Stanbic IBTC, First Bank Limited, Keystone Bank Limited, Wema Bank and Providus Bank.
According to the apex bank, all the cheque printers and the personalisers have been notified. However, two firms, which were accredited and approved in 2014, were excluded from the current list.
The firms are Nigeria Security Printing and Minting Company Plc and Euphoria Group Limited.
The Nigeria Security Printing and Minting Company Plc is the company responsible for printing Nigeria’s currency, including the recently printed new N1000, N500 and N200 notes.