CRIMINAL CODE ACT

Section 387: Money received for another

2004Section 387 of 575Federal Republic of Nigeria

When a person receives, either alone or jointly with another person, any money on
behalf of another, the money is deemed to be the property of the person on whose
behalf it is received, unless the money is received on the terms that it shall form an
item in a debtor and creditor account, and that the relation of debtor and creditor only
shall exist between the parties in respect of it.

Cite this section

Section 387, CRIMINAL CODE ACT (2004).

https://repo.podus.ai/laws/criminal-code-act/section/387/