Section 124

There is imposed duties on instruments at the rates specified in the
duties Eighth Schedule to this Act, subject to the exemptions contained in Part III of
Eighth Chapter Nine of this Act, being any instrument which is –
Schedule
(a) first executed in Nigeria; or
(b) executed outside Nigeria, and relates to any property situated or to
any matter or thing done in Nigeria.
Nigeria Tax Act, 2025 2025 No. 7 A 467