Section 76: Meaning of "marketable securities".

Marketable securities whether or not transferable by delivery for the purposes of the charge of duty thereon include-(a) a marketable security made or issued by or on behalf of any company or body of persons corporate or unincorporate formed or established in Nigeria;
(b) a marketable security by or on behalf of any foreign State or Government, or foreign corporation or company (hereinafter called a "foreign security") formed or established outside Nigeria-
(i) which is made or issued in Nigeria,
(ii) which, though originally issued out of Nigeria is offered for subscription, and is given or delivered to a subscriber in Nigeria,
(iii) which is assigned, transferred or in any manner negotiated in Nigeria;
(c) a marketable security by or on behalf of any Commonwealth Government which if the borrower were a foreign Government would be a foreign security (hereinafter called a "Commonwealth Government Security").