CLEARING AS A MEANS OF SUSTAINING BANK AND SUPPRESSING FRAUD
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY One of the functions of the commercial banks in Nigeria is clearing of cheques through Central Bank of Nigeria. Clearing of cheque could be defined as the process by which the validity of cheque is confirmed before the collecting banker gave value to the value. According to Nwabufor (1998:12): cheque clearing is necessary because some unscrupulous persons do issue cheques when ...
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