Section 9: Forfeiture.

(1) Notwithstanding the provisions of any enactment to the contrary and subject to the provisions of this Act, the President may in his discretion direct that any account or property movable or immovable of any person affected by section 1 or 2 of this Act shall be forfeited to the Federal Government, and effect shall be given to such direction according to its tenor.
(2) For the purposes of subsection (1) of this section, it shall be the duty of the Permanent Secretary, Federal Ministry of Finance to communicate such direction as may be given by the President to the Governor who shall give or ensure that effect shall be given to the direction accordingly.
(3) Any person who fails, refuses or neglects to comply with the direction shall be guilty of an offence under this Act and liable on conviction to a term of five years imprisonment or N10,000 fine or to both.