PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT

Section 63: Proceeds from sale of property.

2022Section 63 of 83Federal Republic of Nigeria

Any amount realised from the disposal of the controlled property under this Act shall be deemed to be—
a covered by the restraint order related to the controlled property being disposed of; and
b proceeds of that unlawful activity or its instrumentality, where the restraint order covered the controlled property disposed of on the basis that the controlled property was proceeds of unlawful activity or its instrumentality.

Cite this section

Section 63, PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT (2022).

https://repo.podus.ai/laws/proceeds-of-crime-recovery-and-management-act/section/63/