Section 2: Limitation to make or accept cash payment.

(1) No person or body corporate shall, except in a transaction through a financial institution, make or accept cash payment of a sum exceeding—
(a) N5,000,000 or its equivalent, in the case of an individual; or
(b) N10,000,000 or its equivalent, in the case of a body corporate.
(2) A person shall not conduct two or more transactions separately with one or more financial institutions or designated non-financial businesses and professions with intent to—
(a) avoid the duty to report a transaction which should be reported under this Act; and
(b) breach the duty to disclose information under this act by any other means.