Section 5: Application for Registration of Contracts and Agreements.

(1) Every contract or agreement which on the date of the coming into force of this Act had been entered into by any person in Nigeria and which still has effect on the commencement of this Act in relation to any matter referred to in section 4 (d) of this Act shall be registered with the National Office in the prescribed manner not later than six months after the commencement of this Act.
(2) As from the commencement of this Act, every contract or agreement entered into by any person in Nigeria with another person outside Nigeria in relation to any matter referred to in section 4 (d) of this Act shall be registered with the National Office in the prescribed manner not later than sixty days from the execution or conclusion thereof.
(3) Every application for the registration of a contract or agreement under this section shall be addressed to the director and shall be accompanied by such number of certified true copies of such contract and agreement and by all other related documents including annexures thereto and such other documents and information as may be specified in any particular case by the director.