PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT

Section 48: Realisable property.

2022Section 48 of 83Federal Republic of Nigeria

1 Subject to the provisions of subsection (2), property is realisable under this Part, if the property is—
a held by the defendant concerned;
b held by a person to whom that defendant has directly or indirectly made any affected gift; and
c subject to the effective control of the defendant as provided in section 63 of this Act.

2 Property shall not be realisable property where a forfeiture order is in force in respect of the property.

Cite this section

Section 48, PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT (2022).

https://repo.podus.ai/laws/proceeds-of-crime-recovery-and-management-act/section/48/