Answer: D

Explanation:
The correct answer is “D. Individual” because under the Money Laundering (Prohibition) Act, individuals are not allowed to make cash payments exceeding N5,000,000 without going through a financial institution. This regulation is intended to prevent money laundering by ensuring that large cash transactions are processed and monitored through formal financial channels. While corporate bodies and government agencies have higher thresholds, individuals are specifically restricted by the N5,000,000 limit.

Run down of selection reasoning:
The Money Laundering (Prohibition) Act sets specific cash transaction limits for various entities. For individuals, the maximum cash payment allowed outside a financial institution is N5,000,000. Payments above this amount must go through a financial institution to ensure proper tracking and monitoring as part of anti-money laundering efforts. The other options (A, B, C, E) either have different limits or are not directly subject to the same restriction for this specific amount.