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 an offence against this section shall be guilty of an offence and liable on conviction to a fine of two hundred naira.

(3) The provisions of this section shall not apply to the issue or uttering by any banker of bills or notes issued by the Central Bank of Nigeria.

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