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Coins Act 🇳🇬

Coat of Arms

Coins Act

  • Commenced on 8 March 1928
  • [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 the importation into and exportation from Nigeria of coin, whether legal tender within Nigeria or not, and penalty for other matters connected therewith.

1. Short title

This Act may be cited as the Coins Act.

2. Interpretation Definitions-

"bankers" means any corporation carrying on the business of bankers or financial agents;"coin" includes notes issued by a Government or by a banker.

3. Power to prohibit importation and exportation of coin

The President may by order-(a)prohibit the importation into Nigeria of such coins, whether legal tender within Nigeria or not, as are in such order specified; and(b)prohibit the exportation from Nigeria of such coins, being legal tender within Nigeria, as are in such order specified; and(c)exempt any country or State from the operation of any order prohibiting the import…

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