Section

SECTION 18: Money laundering offences

Part of: Money Laundering (Prevention and Prohibition) Act 2022

(1) Money laundering is prohibited in Nigeria. (2) Any person or body corporate, in or outside Nigeria, who directly or indirectly (a) conceals or disguises the origin of, (b) converts or transfers, (c) removes from the jurisdiction, or (d) acquires, uses, retains or takes possession…

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