PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT

Section 54: Application of this Part.

2022Section 54 of 83Federal Republic of Nigeria

1 This Part applies to all relevant organisations in the conduct of investigations, searches, and seizures in connection with the recovery of proceeds of unlawful activities under this Act and the relevant laws.

2 Notwithstanding the provisions of any other relevant law, a relevant organisation, shall comply with the provisions of this Part in the conduct of the matters referred to in subsection (1).

3 For the purpose of this Part—
a “civil forfeiture investigation” is an investigation into whether property constitutes or is derived from the proceeds of unlawful activity or is the instrumentality of an offence;
b “confiscation investigation” is an investigation into whether a person has benefited from a criminal activity;
c “detained cash investigation” is an investigation contemplated in Part V of this Act; and
d “civil recovery investigation” is an investigation under the Part IV of this Act.

Cite this section

Section 54, PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT (2022).

https://repo.podus.ai/laws/proceeds-of-crime-recovery-and-management-act/section/54/