Section 26: Seizure and detention of cash.

1 A designated officer may seize and detain any cash in the process of being moved within or outside Nigeria, where he has reasonable grounds to suspect that it—
a directly or indirectly represents proceeds of unlawful activity or is intended to be an instrumentality of an offence; or
b is above the prescribed amount under the law and has not been declared to the appropriate authorities.

2 In this Part—
a “cash” includes—
(i) notes and coins in any currency,
(ii) cheques of any kind, including travelers’ cheques,
(iii) bankers’ draft,
(iv) bearer bonds and bearer shares, and
(v) jewelries and gold, and
b “designated officer” means an officer of Nigeria Customs Service, National Drug Law Enforcement Agency, Economic and Financial Crimes Commission, Nigeria Police Force, Nigeria Immigration Service and officers of other relevant organisations.

3 The “prescribed amount” in this Part, means the equivalent amount in United States Dollar specified in the Money Laundering (Prohibition) Act, the Customs and Excise Management Act, Foreign Exchange (Monitoring and Miscellaneous) Provisions Act or in an order or regulations issued by the Attorney-General, in consultation with the Central Bank of Nigeria.
Act No. 11,2011. Cap. C45, LFN, 2004. Cap. F34, LFN, 2004.

4 For the purpose of subsection (3), any amount of cash moved within or outside Nigeria in a currency other than United States Dollars shall be taken to be its United States Dollar equivalent, calculated in accordance with the prevailing exchange rate.

5 The Court shall adopt summary proceedings under this Part.