Section 7: Restrictions on export and import of raw gold.

(1) No person shall export any raw gold from Nigeria, whether by land, sea or air, unless he holds a Treasury receipt for the royalty payable thereon or until such receipt has been endorsed by a collector of customs with the amount of the raw gold to be exported.
(2) No raw gold shall be carried coastwise in Nigeria unless particulars thereof have been previously declared to a collector of customs.
(3)
No person shall import any raw gold into Nigeria, whether by land, sea or air, unless he makes the prescribed declaration as in Form B set out in the Schedule to this Act before a collector of customs and obtains the prescribed certificate as in Form C set out in the Schedule to this Act.
[ Form B.] [ Form C]
(4) Before any such gold is re-exported from Nigeria, the certificate shall be surrendered to a customs officer who shall send it to the Minister.
(5) Every certificate granted under subsection (3) of this section, shall be liable to a stamp duty of 50 kobo to be paid by the importer.