NIGERIAN INVESTMENT PROMOTION COMMISSION ACT
Section 24: Investment guarantees, transfer of capital, profits and dividends
Subject to this section, a foreign investor in an enterprise to which this Act applies, shall be guaranteed unconditional transferability of funds through an authorised dealer, in freely convertible currency, of-(a) dividends or profits (net of taxes) attributable to the investment;
(b) payments in respect of loan servicing where a foreign loan has been obtained; and
(c) the remittance of proceeds (net of all taxes), and other obligations in the event of a sale or liquidation of the enterprise or any interest attributable to the investment.
Cite this section
Section 24, NIGERIAN INVESTMENT PROMOTION COMMISSION ACT (1995).
https://repo.podus.ai/laws/nigerian-investment-promotion-commission-act/section/24/