Section 379: Unclaimed wreck to be sold and proceeds paid into general revenue

Where no owner establishes a claim to any wreck which-
(a)
has been found in Nigeria, or found or taken possession of outside Nigeria and brought into Nigeria; and
(b)
has been in the possession of the Receiver of Wreck for one year, the Receiver of Wreck shall sell such wreck and shall pay into the Consolidated Revenue Fund the proceeds of the sale after deducting therefrom the expenses of sale and any other expenses incurred by, and the fees payable to him in respect thereof and paying to the salvors such amount of salvage as the Minister may, by special or general directions, specify.