N166 Billion Dud Cheques – Mixed Reactions Trail CBN's Plan to Prosecute Defaulters

[Vanguard]Mixed reactions have continued to trail the revelation by the Central Bank of Nigeria, CBN, of the increasing value of dud cheques issued in Nigeria, which is now over N166 billion. A bounced or dud cheque is an instruction in writing, authorising a bank to make payment against an unfunded or inadequately funded account.

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