PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT

Section 69: Payments into the Confiscated and Forfeited Properties Account.

2022Section 69 of 83Federal Republic of Nigeria

There shall be paid into the Confiscated and Forfeited Properties Account—
a money realised from the proceeds of sale, management or other form of disposal of forfeited assets under this Act and other relevant laws;
b proceeds of any property forfeited under section 23 (2) (c) of the Code of Conduct Bureau and Tribunal Act, which relates to forfeiture to the Federal Government of any property acquired in abuse or corruption of office;
Cap. C15, LFN, 2004.
c money paid to Nigeria by a foreign country—
(i) under any treaty or arrangement providing for mutual assistance in criminal matters,
(ii) as mentioned in section 67 (4) of this Act, or
(iii) through repatriation of proceeds of unlawful activity; and
d money paid to the relevant organisation on behalf of the Federal Government in settlement of proceedings connected with this Act and other relevant laws.

Cite this section

Section 69, PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT (2022).

https://repo.podus.ai/laws/proceeds-of-crime-recovery-and-management-act/section/69/