Section 2: Making, etc., or being in possession of implements for making or counterfeiting currency

Any person who, without lawful authority or excuse (the proof whereof shall lie on the person accused), knowingly makes or mends or begins or proceeds to make or mend, or buys or sells, or has in his possession any puncheon, counter-puncheon, matrix, stamp, dye, pattern or mould in or upon which there is made or impressed, or which will make or impress, or which is adapted or intended to make or impress, the figure, stamp or pattern resembling both or either of the sides of any bank note or current coin, or any part of both or either of those sides, or any machinery, implement, utensil or material used or intended to be used for the forgery of a bank note or for falsely making a current coin, whether or not the bank note or current coin be legal tender in Nigeria, is guilty of an offence under this Act and on conviction thereof shall, whether the bank note or coin is legal tender in Nigeria or in any other country, be sentenced to life imprisonment.