Any person, other than the Central Bank of Nigeria, who makes or issues within Nigeria promissory notes payable to bearer on demand or circulates within Nigeria any promissory note
payable to bearer on demand, is guilty of a misdemeanour and liable on conviction to a fine equal to double the value of any promissory note unlawfully made, issued or circulated or to imprisonment for a term of twelve months, or to both such imprisonment and fine.
[L.N. 112 of 1964.]
Section 160A of the Criminal Code Act in Nigeria