COUNTERFEIT CURRENCY (SPECIAL PROVISIONS) ACT

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COUNTERFEIT CURRENCY (SPECIAL PROVISIONS) ACT

CHAPTER C35 LAWS OF THE FEDERATION OF NIGERIA, L.F.N. 2004

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ARRANGEMENT OF SECTIONS

Penalties for aggravated currency offences

1.       Making or counterfeiting currency.

2.       Making, etc., or being in possession of implements for making or counterfeiting currency.

3.       Importing and exporting counterfeit currency and implements.

4.       Dealings, etc., in counterfeit currency.

5.       Uttering and being in possession of counterfeit currency.

6.       Miscellaneous offences, etc.

Provisions as to arrest, discovery and seizure

7.       Powers of arrest, etc., and disposal of materials for counterfeiting currency.

Trial of offences

8.       Trial of offences.

9.       Power to issue search warrants.

Miscellaneous and Supplementary

10.     Forfeiture.

11.     Evidence, accomplices, etc.

12.     Interpretation.

13.     Short title.

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COUNTERFEIT CURRENCY (SPECIAL PROVISIONS) ACT

An Act to repeal and re-enact the Counterfeit Currency (Special Provisions) Act 1974 and to provide for the penalties of counterfeiting in currency and other ancillary matters.

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[Commencement.] [31st December, 1983]                     

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Penalties for aggravated currency offences

1.       Making or counterfeiting currency

(1)     Any person who falsely makes or counterfeits any bank note resembling any bank note issued by the Central Bank of Nigeria and which is legal tender in Nigeria, shall be guilty of an offence under this Act and shall on conviction thereof be sentenced to life imprisonment.

(2)     Any person who falsely makes or counterfeits any coin resembling any current coin which is legal tender in Nigeria, shall be guilty of an offence under this Act and on conviction thereof shall be sentenced to life imprisonment.

(3)     Any person who falsely makes or counterfeits any bank note or coin resembling any bank note or current coin which is legal tender in any country other than Nigeria, shall be guilty of an offence under this Act and on conviction thereof shall be sentenced to life imprisonment.

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