NIGERIAN MINERALS AND MINING ACT

Section 27: Free transferability of funds.

2007Section 27 of 165Federal Republic of Nigeria

Subject to the provisions of this Act, a holder of a mineral title shall be guaranteed free transferability through the Central Bank in convertible currency if-
(a) payments in respect of loan servicing where a certified foreign loan has been obtained by the holder for his mining operations ; and
(b) the remittance of foreign capital in the event of sale or liquidation of the mining operations or any interest therein attributable to foreign investment.

Cite this section

Section 27, NIGERIAN MINERALS AND MINING ACT (2007).

https://repo.podus.ai/laws/nigerian-minerals-and-mining-act/section/27/