FOREIGN EXCHANGE (MONITORING AND MISCELLANEOUS PROVISIONS) ACT

Section 24: Preservation of records

1995Section 24 of 42Federal Republic of Nigeria

An Authorised Dealer shall-(a) maintain at all times a register for the purpose of recording details of all transactions carried out by it under the provisions of this Part of this Act; and
(b) preserve a register maintained under subsection (1) of this section for a period of at least seven years after the last transaction recorded in the register.

Cite this section

Section 24, FOREIGN EXCHANGE (MONITORING AND MISCELLANEOUS PROVISIONS) ACT (1995).

https://repo.podus.ai/laws/foreign-exchange-monitoring-and-miscellaneous-provisions-act/section/24/