GOVERNMENT PROMISSORY NOTES ACT

Section 9: Payment of principal sum and interest.

1960Section 9 of 23Federal Republic of Nigeria

(1) The principal sum and interest due on any Government promissory note shall be payable on such dates and, in the case of interest, at such rate as shall be specified in the note.
(2) Where any amount has become payable on any date as interest due on any Government promissory note, no interest on that amount shall, after that date, be paid or payable by or on behalf of the Federal Government to any person in any circumstances.

Cite this section

Section 9, GOVERNMENT PROMISSORY NOTES ACT (1960).

https://repo.podus.ai/laws/government-promissory-notes-act/section/9/