PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT

Section 29: Release of detained cash.

2022Section 29 of 83Federal Republic of Nigeria

1 This section applies where cash is detained under section 27 of this Act.

2 The Court may direct the release of the whole or any part of detained cash, where satisfied on application by the person from whom the cash is seized, that the conditions in section 33 of this Act no longer exist in relation to the cash to be released.

3 The relevant organisation may on the receipt of the order of the Court, under whose order the cash is detained, release the whole or part of the cash, where satisfied that its detention is no longer justified.

4 Where the relevant organisation is dissatisfied with the order of release, it shall timeously lodge an appeal against the order.

Cite this section

Section 29, PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT (2022).

https://repo.podus.ai/laws/proceeds-of-crime-recovery-and-management-act/section/29/