The Central Bank of Nigeria (CBN) says banks and cheque printers now risk a fine of N10 million for using unapproved security features.
The apex bank disclosed this as it revised the Sanction Grid of the Nigeria Cheque Standards (NCS) and the Nigeria Cheque Printers’ Accreditation Scheme (NICPAS).
The updated sanctions were announced in a notice signed by Director, Banking Services Department, Hamisu Abdullahi, and dated February 10, 2026.