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Currency Offences Act 🇳🇬

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Currency Offences Act

  • Commenced on 5 October 1920
  • [Up to date as at 31 December 2002]
  • [Note: The original publication document is not available and this content could not be verified.]
An Act to prohibit certain acts tending to depreciate currency.

1. Short title

This Act may be cited as the Currency Offences Act.

2. Interpretation

In this Act, unless the context otherwise requires-"coin" means any coin which is for the time being legal tender in Nigeria;"note" means any note which is for the time being legal tender in Nigeria by virtue of any enactment now or hereafter in force.

3. Discounting of any kind of currency prohibited

If any person shall-(a)buy or sell or offer or attempt to buy or sell;(b)induce or attempt to induce any other person to buy or sell;(c)offer or accept or offer to accept in payment of a debt or otherwise,any note or coin at or for a lower rate or value than the same imports, he shall be guilty of an offence and liable on conviction to imprisonment for a term of five ye…

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