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An Act to prohibit certain acts tending to depreciate currency.
1. Short title
This Act may be cited as the Currency Offences Act.
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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