Section 78: Disclosure of assets and property by an arrested person.

(1) A person arrested for committing an offence under this Act shall be required to make full disclosure of all his assets and properties by completing the Declaration of Assets Form, as specified in Form 1 in the First Schedule to this Act.
(2) The disclosures made in the Declaration of Assets Form shall be investigated by the relevant agency.
First Schedule
(3) A person who—
(a) knowingly fails to make full disclosure of his assets and liabilities,
(b) knowingly makes a false declaration, or
(c) fails, neglects, or refuses to make a declaration or furnish any information required in the Declaration of Assets Form, commits an offence and is liable on conviction to imprisonment for a term of two years.
(4) In all terrorist and proliferation financing investigations, regardless of whether the act has been completed or not, the relevant agency shall request from the Nigerian Financial Intelligence Unit (NFIU) in writing, any information that may assist in the tracing of all funds or properties in or outside Nigeria that may be directly or indirectly linked to a suspected terrorist, terrorist group, entity, or other suspected person.