Section 12: Interpretation

In this Act, except where the context otherwise requires-
"bank note" in relation to a bank note which is legal tender in Nigeria, means a negotiable instrument payable to bearer on demand issued by the Central Bank of Nigeria and intended to circulate as money; and in relation to a bank note which is not legal tender in Nigeria means a negotiable instrument payable to bearer on demand issued by lawful authority in the country in which such bank note is legal tender and intended to circulate as money;
"counterfeit" in relation to a bank note or current coin of a kind which is legal tender in Nigeria, means a bank note or current coin made or issued other than by or by the authority of the Central Bank of Nigeria, and in relation to a bank note or current coin of a kind which is not legal tender in Nigeria means a bank note or current coin made or issued other than by or by the authority of the body which, under the laws of the country in which the bank note or current coin is legal tender, is authorised to make or issue such bank note or current coin.