PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT

Section 10: Notice of preservation order.

2022Section 10 of 83Federal Republic of Nigeria

1 The Court in making a preservation order, may direct the relevant organisation to within 14 days after the making of the order notify any interested party of the preservation order by publishing same in any widely circulating national newspaper.

2 A person, who has an interest in any property that is subject to a preservation order may give notice of his intention to—
a oppose the making of the preservation order; or
b apply for an order excluding his interest in the property concerned from the operation of the preservation order.

3 A notice under subsection (2) shall be filed and served on the relevant organisation within 14 days of the publication of preservation order.

4 A notice given under subsection (2) shall contain full particulars of the address for the service of documents concerning further proceedings under this Part, and shall be accompanied by an affidavit stating the—
a full particulars of the identity of a person entering appearance;
b nature and extent of his interest in the property concerned; and
c reasons which the person intends to rely on in opposing the preservation order or applying for the exclusion of his interest from the operation of the preservation order.

Cite this section

Section 10, PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT (2022).

https://repo.podus.ai/laws/proceeds-of-crime-recovery-and-management-act/section/10/