Section 27: Prohibition of dealing in arms or ammunition.

(1) A person shall not buy, sell, transfer, expose for sale or transfer, or have in his possession for sale or transfer, any firearm unless the person is registered as a firearms dealer.
(2) Notwithstanding the provisions of any other law. any application for registration as a firearms dealer shall be confirmed by the National Centre before approval.
(3) The National Centre shall maintain a database of registered firearms dealers in Nigeria.
(4) A person shall not buy, sell, transfer or expose for sale or transfer or have in his possession for sale or transfer any ammunition, except -
[Cap, F28, LFN, 2004.]
(a) the ammunition specified in section 21 of this Act or Part II of the Firearms Act; and
(b) he is registered as a firearms dealer.
(5) The President may, upon the advice of the National Centre direct -
(a) the registration of any person as a dealer in firearms; and
(b) that any such registration of a dealer be cancelled.