Section 88: Disclosure of assets and property by arrested person

(1) Where a person is arrested for committing an offence under this Act or any other relevant law it shall be obligatory for the person to make full disclosure of all his assets and properties by completing the Declaration of Assets Form A specified in the Schedule to this Act.
(2) The disclosures made in the Declaration of Assets Form shall be investigated by the Service.
(3) Any person who-
(a)
knowingly fails to make full disclosure of his assets and liabilities,
(b) knowingly makes a declaration that is false, or
(c)
fails, neglects or refuses to make a declaration or furnish any information required, in the Declaration of Assets Form,
commits an offence and is liable on conviction to imprisonment for a term of five years or a fine of One Million Naira or both, and such assets not disclosed in the Assets Declaration Form shall be forfeited to the Federal Government and the proceeds accruing there from shall be paid into the Consolidated Revenue Fund of the Federation from which they shall immediately be paid into the Objects of Smuggling of Migrants Trust Fund.
(4) whenever the assets and properties of any person arrested under this Act or any other relevant law are to be attached, the Service shall apply to the court for an Interim Attachment order under the provisions of this Act.