Section 41 Stamp Duties Act Section 41 of Stamp Duties Act 1939 is about Provisions as to bills and notes purporting to be drawn abroad. It provides as follows: A bill of exchange or promissory note which purports to be drawn or made out of Nigeria shall, for the purposes of determining the mode in…

Section 40 Stamp Duties Act Section 40 of Stamp Duties Act 1939 is about Provisions as to stamping foreign bills and notes. It provides as follows: (1) Every person into whose hands any bill of exchange or promissory note, drawn or made out of Nigeria, comes in Nigeria before it is stamped shall before he…

Section 39 Stamp Duties Act Section 39 of Stamp Duties Act 1939 is about Provisions for use of adhesive stamps on bills and notes. It provides as follows: (1) The fixed duty of two kobo on a bill of exchange, payable on demand or at sight or on presentation or within three days after date…

Section 38 Stamp Duties Act Section 38 of Stamp Duties Act 1939 is about Statement of duty payable on promissory note containing guarantee. It provides as follows: Where an instrument under hand only contains both a promissory note by a principal debtor and a guarantee by a surety but there is no memorandum of charge,…

Section 37 Stamp Duties Act Section 37 of Stamp Duties Act 1939 is about Meaning of “promissory note”. It provides as follows: (1) For the purposes of this Act, the expression “promissory note” includes any document or writing (except a bank note) containing a promise to pay any sum of money. (2) A note promising…

Section 36 Stamp Duties Act Section 36 of Stamp Duties Act 1939 is about Meaning of “bill of exchange”. It provides as follows: For the purposes of this Act, the expression “bill of exchange” includes draft, order, cheque and letter of credit, and any document or writing (except a bank note) entitling or purporting to…

Section 35 Stamp Duties Act Section 35 of Stamp Duties Act 1939 is about Bankers not to issue bank notes in Nigeria other than those of Central Bank of Nigeria. It provides as follows: (1) It shall not be lawful for any banker to issue in Nigeria any bank note. (2) Any person who commits…

Section 34 Stamp Duties Act Section 34 of Stamp Duties Act 1939 is about Meaning of “banker” and “bank note”. It provides as follows: For the purposes of this Act, the expression “banker” means any person carrying on the business of banking in Nigeria and the expression “bank note” includes- (a) any bill of exchange…

Section 33 Stamp Duties Act Section 33 of Stamp Duties Act 1939 is about Meaning of instrument of apprenticeship. It provides as follows: Every writing relating to the service or tuition of any apprentice, clerk, or servant placed with any master to learn any profession, trade or employment is to be deemed an instrument of…

Section 32 Stamp Duties Act Section 32 of Stamp Duties Act 1939 is about Appraisements to be written out. It provides as follows: (1) Every appraiser, by whom an appraisement or valuation chargeable with duty is made, shall, within fourteen days after the making thereof, write out the same in words and figures showing the…