TREASURY BILLS ACT

Section 9: Amounts and currency of bills.

1959Section 9 of 11Federal Republic of Nigeria

(1) Every treasury bill issued in accordance with section 3 of this Act shall be expressed to be in respect of a sum of N2,000 or a multiple thereof and shall be payable at par at a date not more than twelve months from the date thereof.
(2) Treasury bills shall be denominated in naira after the coming into operation of sections 15 and 17 of the Central Bank of Nigeria Act, and until that date shall be denominated in currency issued by the West African Currency Board.

Cite this section

Section 9, TREASURY BILLS ACT (1959).

https://repo.podus.ai/laws/treasury-bills-act/section/9/