FORFEITURE OF ASSETS (MISCELLANEOUS PROVISIONS) ACT

Section 1: Amendment of L.N. 33 of 1978.

1977Section 1 of 4Federal Republic of Nigeria

The Public Officers (Forfeiture of Assets) Order 1978 is here by amended-(a) by renumbering the existing section 1 as subsection (1) of section 1; and
(b) by inserting immediately after subsection (1) as renumbered, the following new subsection, that is-
"(2) The properties, forfeited under subsection (1) of this section shall vest in the Federal Government notwithstanding any defect in any previous transaction relating to the properties or any previous non-registration of any interest in the properties or relating to the properties.";
(c)
1986 No. 34.
in paragraph 8(b) of the Schedule thereto, as amended by the Forfeiture of Assets (Miscellaneous Provisions) Act 1986 by-
(i) substituting for the words "Interest of Ebako
and Company Limited and interest of Ebako and Company Limited in the following properties", the words "Ebako and Company Limited and the following properties of Ebako and Company Limited"; and
(ii) substituting for sub-paragraph (i) thereof, the following new sub-paragraph, that is-
"(i) without prejudice to the existing right of the Federal Military Government in the property known as Nos. 1-3 Moloney Street, Lagos which, for the avoidance of doubt, shall continue to be vested in the Federal Government, the interest of Ebako and Company Limited in Nos. 1-3 Moloney Street, Lagos." .

Cite this section

Section 1, FORFEITURE OF ASSETS (MISCELLANEOUS PROVISIONS) ACT (1977).

https://repo.podus.ai/laws/forfeiture-of-assets-miscellaneous-provisions-act/section/1/