Section 350: Currency for payment

Where the claimant is a non-Nigerian, unless the parties have agreed to apply a specific currency in the calculation of their damages, the following procedure shall be adopted:
(a)
losses or expenses shall be converted from the currency in which they are incurred into Naira at the rate of exchange prevailing on the day the losses or expenses were incurred; and
(b)
the final amounts due shall be calculated in Naira and the balance due shall be paid to the claimant in the currency of his choice at the rate of exchange prevailing on the date of payment.