“It Is A Crime To Make A Cash Transaction Of A Sum More Than Five Million Naira In Nigeria”. No individual person in Nigeria is allowed to pay or accept cash payment of any sum more than Five Million Naira (N5, 000,000.00) or its equivalent. In the case of a corporate being (Companies, Incorporated Trustee and Registered Businesses) they cannot accept or make payment of any sum more than Ten Million Naira (N10,000,000.00) or it it’s equivalent. Note that, Individuals and corporate bodies can make or accept such sums and above, where such transaction is carried out through a financial institution. My authority is section 1 of the Money Laundering (Prohibition) Act, 2011 (As Amended). #DailyLawTips #SabiLaw #LearnNigerianLaws NOTE: Sharing or modifying or publishing this publication without giving credit to Onyekachi Umah, Esq. and LearnNigerianLaws.com is a criminal breach of copyright and will be prosecuted. Please share this publication till it gets to those that need it most. Save a Nigerian today! To receive our Daily Law Tips for free follow our Facebook page, Twitter, Instagram and YouTube via “@LearnNigerianLaws”. This is the writer’s view not a legal advice and does not create any form of relationship. You may reach the writer for more information. Powered by www.LearnNigerianLaws.com]]>

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_______________________________________________________________________ [A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
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Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation ______________________________________________________________________ “Bridging Theory And Courtroom Practice” — Hagler Sunny Okorie, Nathaniel Ngozi Ikeocha Unveil ‘Functional’ Tort Law Book For Nigerian Legal System The book, titled The Law of Torts in Nigeria: A Functional Approach, authored by Professor Hagler Sunny Okorie Ph.D and Ikeocha, Nathaniel Ngozi Esq, offers law students, practitioners, and academics a comprehensive guide to understanding and applying tort law in Nigerian courts. Interested buyers can place orders via the following contact numbers: 08028636615, 08037667945, 08032253813, or +234 902 196 2209. _______________________________________________________________________

“Order Your Copy Now” — Basil Momodu, Esq. Unveils Second Edition Of His Book, "Civil Procedure In Nigeria"

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