Section 28: Duty to collect debts

(1) Except with the permission of the Minister, no agency of the Government authorised to receive any foreign currency or to receive from a person resident outside Nigeria a payment in naira, shall do or refrain from doing any act with intent to secure or do any act which involves, or which is in association with, or is preparatory to any transaction securing-
(a) the delay in receipt, by the agency of the Government, of the whole or any part of the foreign currency, or of the payment, as the case may be; or
(b) that the foreign currency or payment, as the case may be, shall cease in whole or in part to be receivable by the agency of the Government.
(2) Unless the Minister otherwise directs, nothing in this section shall impose on any agency of the Government an obligation, in relation to any debt arising out of the carrying on of any trade or business, to procure the payment thereof at an earlier time than is customary in the course of that trade or business.
(3) The Minister may direct the assignment to the Accountant-General for the Federation the right to demand and receive the foreign currency or payment.