National Archives / National Archives of Nigeria

Supplement to Official Gazette

THE BILLS OF EXCHANGE BILL E~PLANATORY MEMORANDUM The main purpose of this Bill is to enable bankers to pay or collect cheques and certain other instruments without concerning themselves with endorsements in cases where payment is made to a banker or the proceeds .are collected for crediting to the account of the ostensible payee. F. s. 0KOTJE-EBOH, Minister~of Finance A BILL FOR · AN AcT To AMEND THE LAW RELATING To BILLs or: EXCHANGE; AND FOR PUR POSES CONNECTED THEREWITH. [See section 5 (2)] BE IT ENACTED by the Legislature of the Federation of Nigeria in this present Parliament assembled a…