Lagos - Individuals and organisations that issue bounced cheques on three occasions will be blacklisted and barred from having anything to do with the banking system in Nigeria.
Such individuals and organisations will also be handed over to law enforcement agencies for prosecution, reports Thisday.
Suleiman Barau, Central Bank of Nigeria Deputy Governor, Corporate Services, said the move was meant to discourage people from engaging in such acts.
He added that once blacklisted, such individual or organisations would be labelled as one who has the propensity to run down the banking system.
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