BANKRUPTCY ACT

Section 135: Bankrupt absconding with property.

1979Section 135 of 143Federal Republic of Nigeria

If any person who is adjudged bankrupt, or in respect of whose estate a receiving order has been made, after the presentation of a bankruptcy petition by or against him, or within six months before such presentation, quits Nigeria and takes with him, or attempts or makes preparation to quit Nigeria and take with him, any part of his property to the amount of N500 or upwards, which ought by law to be divided amongst his creditors, he shall (unless he proves that he had no intent to defraud) be guilty of an offence under this Act and shall be liable on conviction to imprisonment for one year.

Cite this section

Section 135, BANKRUPTCY ACT (1979).

https://repo.podus.ai/laws/bankruptcy-act/section/135/