PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT

Section 40: Registration of Restraint Orders.

2022Section 40 of 83Federal Republic of Nigeria

1 A registration authority that keeps a register of properties of a particular kind shall, on application by the relevant organisation, register the particulars of a restraint order, as it affects the property in that register.

2 A person, who subsequently deals with the registered property shall be deemed—
a not to be acting in good faith for the purposes of section 39 of this act; and
b to have notice of the restraint order for the purposes of section 37 of this act.

Cite this section

Section 40, PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT (2022).

https://repo.podus.ai/laws/proceeds-of-crime-recovery-and-management-act/section/40/