PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT

Section 4: Powers of the relevant organisation.

2022Section 4 of 83Federal Republic of Nigeria

The relevant organisation may subject to the provisions of this Act, execute such contracts or other arrangements, as it considers necessary and, in particular—
a engage contractors, asset managers, auctioneers, accountants, consultants, brokerage companies, investment advisers, financial investigators and other experts for the effective performance of its functions under this Act;
b dispose assets subject to forfeiture order of a Court that—
(i) are perishable or susceptible to deterioration, or
(ii) may be excessively burdensome or expensive to maintain or administer, leading to a reduction of the recoverable amount;
c do anything it considers appropriate for facilitating, or which is incidental to the performance of its functions.

Cite this section

Section 4, PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT (2022).

https://repo.podus.ai/laws/proceeds-of-crime-recovery-and-management-act/section/4/