#OBSCURELEGALFACTS BY AROME ABU

PRIVATE ORGANISATIONS AUTHORISED TO GUARD MONEY

In Nigeria, it is an offence for an organisation to carry on the services of guarding or carrying of money for the purposes of providing security against crime, except the entity is registered with the Corporate Affairs Commission and it is granted licence by the Nigeria Security and Civil Defence Corps.

PENALTY
N100,000-N500,000

See Section 1& 2 of the Private Guard Companies Act

Regulation 29 of the Private Guard Companies Regulation 2018.

Section 3 of the Nigeria Security and Civil Defence Act.

Arome Abu is the Principal Partner of TCLP.

CAVEAT: Note that this information is provided for general enlightenment purposes and is not intended to be any form of legal advice.

Obscure Legal Facts is an exclusive daily publication of THE COUNSEL L-P.
Plot 108 Idris Gidado
Way, Wuye, Abuja.
abuarome@gmail.com
+234 803 262 2359
+234 708 1156 539.
Twitter: @TheCounseLP

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