Section 24: Foreign companies.

(1) Where there is served on any person resident in Nigeria a notice in writing that the Minister requires compliance with the requirements mentioned in this section by a foreign company (being anybody corporate within the First Schedule to this Act) and that person can, by doing or refraining from doing any act;
(a) cause the foreign company to comply with any of the requirements, or
(b) remove any obstacle to the foreign company complying with any of the requirements, or
(c) render it in any respect more probable that the foreign company will comply with any of the requirements,
(2) The requirements mentioned in this section are that the foreign company shall-
(a) furnish to the Minister such particulars as to its assets and business as may be mentioned in the notice;
(b) sell or procure the sale to an authorised dealer of any gold or specified currency mentioned in the notice, being gold or specified currency which it is entitled to sell or of which it is entitled to procure the sale;
(c) declare and pay such dividends as may be mentioned in the notice;
(d) realise any of its assets mentioned in the notice in such manner as may be so mentioned;
(e) refrain from selling or transferring or doing anything which affects its rights or powers in relation to any such Treasury Bills or securities as may be mentioned in the notice.