CURRENCY CONVERSION (FREEZING ORDERS) ACT

Section 7: Power to give orders and make recommendations.

1971Section 7 of 11Federal Republic of Nigeria

On the receipt of the recommendations and findings of any investigating panel, the Minister may, after considering the recommendations and findings-(a) direct the Governor to issue an order in accordance with section 1 of this Act to stop all payments, operations or transactions in respect of the account to which the recommendations and findings relate;
(b)
make recommendations to the President for the exercise by him of the power under section 9 of this Act to give a direction for the forfeiture of the account or property to which the recommendations relate,
and the said sections 1 and 9 and other provisions of this Act shall apply and, as the case may require, effect shall be given thereto subject as herein otherwise prescribed.

Cite this section

Section 7, CURRENCY CONVERSION (FREEZING ORDERS) ACT (1971).

https://repo.podus.ai/laws/currency-conversion-freezing-orders-act/section/7/