FOREIGN EXCHANGE (MONITORING AND MISCELLANEOUS PROVISIONS) ACT

Section 11: Transactions not permitted, etc.

1995Section 11 of 42Federal Republic of Nigeria

Nothing in this Act shall be construed-(a) as permitting any unrestrained or general dealing in foreign currencies on terms inconsistent with the provisions of this Act;
(b) to imply that transactions relating to goods, services or items absolutely prohibited by any enactment or law may be conducted in the Market.

Cite this section

Section 11, FOREIGN EXCHANGE (MONITORING AND MISCELLANEOUS PROVISIONS) ACT (1995).

https://repo.podus.ai/laws/foreign-exchange-monitoring-and-miscellaneous-provisions-act/section/11/