Section 9: Power to avoid artificial and other transactions

(1) Where a Federal High Court is satisfied that any transaction with respect to or disposition of, any property is artificial or fictitious or that effect has not in fact been given to the same, after giving an opportunity to any interested third party to be heard, the Federal High Court may disregard any such transaction or disposition.
(2) For the purposes of this section-
(a) "property" may be either movable or immovable and any transaction or disposition in relation thereto includes arrangements for the benefit of creditors and a trust however created; and
(b) any transaction or disposition may be treated as artificial or fictitious if entered into, made or performed-
(i) by reason of the unconscientious exercise or abuse of a power which one or more of the parties has or have either directly or indirectly over another or others of the parties; or
(ii) for the purpose of fulfilling an obligation prior to, under, or with respect to which any party to the transaction or disposition had not the means.