Section 55: Revocation of designation, de-listing and unfreezing of funds or other assets.

(1) A person, group, or entity designated under section 49 of this Act may make an application, in writing, to the Attorney-General for a revocation of the order, and the application shall be made in accordance with procedures prescribed in a regulation made in accordance with this Act.
(2) In respect of an application made under subsection (1), the Attorney-General may, after consultation with the Sanctions Committee, and it is confirmed that—
(a) the designated person or entity no longer meets the criteria for designation—
(i) revoke the designation order, and publish the notice of revocation in the Federal Government Gazette; and
(ii) cause the name and other details of the revoked designation to be removed from the Nigeria Sanctions List; or
(b) the criteria for designation subsist, refuse the application for revocation.
(3) The Attorney-General shall, within 60 days of receiving the application referred to in subsection (1), inform the applicant of the decision to revoke or to uphold the order.
(4) A person, group, or entity, who is aggrieved by the decision of the Attorney-General under this section may apply to the Court for a review of that decision within a period of 30 days from the date of the decision.
(5) The Attorney-General shall provide in a regulation for procedures for the application of unfreezing of funds or other assets of persons or entities with the same or similar names as designated persons, or entities who have been inadvertently affected by the freezing mechanism.