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Nigeria Tax Act 2025 · Chapter 5 · Part II

Section 128Promissory Note

(1)
For the purposes of Chapter Five of this Act, "promissory note" includes any document or writing, except a bank note, containing a promise to pay any sum of money.
(2)
A note promising the payment of any sum of money out of any particular fund which may or may not be available, or upon any condition or contingency which may or may not be performed or happen, shall be deemed a promissory note for that sum of money.
Cite as: Nigeria Tax Act 2025, section 128

Source: Nigeria Tax Act, 2025 (Act No. 7 of 2025), Official Gazette No. 117, Lagos, 26 June 2025. General information, not legal advice.