EXCHANGE CONTROL ACT

Section 16: Prohibition on Import

1962Section 16 of 40Federal Republic of Nigeria

(1) Except with the permission of the Minister, no person shall import into Nigeria-
(a) any notes which are or have at any time been legal tender in Nigeria;
(b) any such other notes as may be specified by order of the Minister, being notes issued by a bank or notes of a class which are or have at any time been legal tender in any territory;
(c) any Treasury Bills;
(d) any certificate of title to any security, including any such certificate which has been cancelled and any document certifying the destruction, loss or cancellation of any certificate of title to a security.
(2) For the purposes of this section, "note" includes part of a note.

Cite this section

Section 16, EXCHANGE CONTROL ACT (1962).

https://repo.podus.ai/laws/exchange-control-act/section/16/