Section 376: Notice of wreck to be given by receiver

(1)
Where the Receiver of Wreck takes possession of any wreck, he shall, within forty-eight hours-
(a)
cause to be posted at the nearest police station, and otherwise publish in such manner as be may deem fit a description of the wreck and of any marks by which it is distinguished; and
(b)
if, in his opinion, the value of the wreck exceeds one hundred thousand Naira, send a copy of such description to the Minister.
(2)
The Minister may, if he thinks fit, direct that a copy of any description of any wreck sent to him by the Receiver of Wreck under subsection (1) of this section, be sent to the secretary of Lloyd's in London.