#OBSCURELEGALFACTS BY AROME ABU

In Nigeria, it is an offence to accept or make cash payment in excess of N5,000,000 in the case of an individual or N10,000,000 in the case of a Company, except in a transaction through a Bank or other financial institutions.

See Section 1 of the Money Laundering (Prohibition) Act, 2011.

Arome Abu is the Managing 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.

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