Section 345: Detention and destruction of counterfeit currency, etc

(1) Subject to the provisions of this section, sections 343 and 344 of this Act shall apply in relation to notes purporting to be legal tender in Nigeria as those sections apply in relation to currency.
(2) Any currency, matter or thing shall not be destroyed by virtue of the provisions of this Part except:
(a) a court orders its destruction, in connection with a conviction for an offence;
(b) it appears to a Magistrates' court having jurisdiction in the place where the note, coin, matter or thing is for the time being situated, on an application made in accordance with rules of court, that the existence of the note, coin, matter or thing involves a breach of the law and the court makes an order for its forfeiture and destruction accordingly; or
(c) in the absence of a conviction for an offence in respect of the note, coin, matter or thing and any pending prosecution for the offence, and of an order or pending application for an order for its forfeiture, the note, coin, matter or thing:
(i) has been voluntarily surrendered by the person having possession of it, to the proper official of the Central Bank of Nigeria or a superior police officer; or
(ii) is discovered in a lodgment made with the Central Bank by a commercial bank.