PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT
Section 33: Objectives of this Part.
The objectives of this Part are to—
a demonstrate that a convicted person should not be allowed to benefit from the proceeds of his criminal activity;
b provide an effective process by which the total benefit from a person’s criminal activity is calculated and an equivalent amount, where recoverable, is confiscated on behalf of the Federal Government of Nigeria;
c enable the relevant organisation implement confiscation proceedings against a convicted person;
d ensure the preservation of all realisable properties, as defined under section 53 of this Act, and ensure that the realisable properties are preserved and available to satisfy a confiscation order; and
e ensure that the realisable properties are preserved and available to satisfy a confiscation order.
Cite this section
Section 33, PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT (2022).
https://repo.podus.ai/laws/proceeds-of-crime-recovery-and-management-act/section/33/