Section 81: Freezing order on banks or other financial institutions.

(1) Notwithstanding anything contained in any other enactment, where a person is arrested or under investigation for an offence under this Act, a relevant agency may, if satisfied that the fund in the account of an arrested person is—
(a) made through the commission of an offence under this Act,
(b) is connected with or reasonably suspected to be made through the commission of an offence, or
(c) intended to be used for the commission of an offence, apply to the Court ex-parte for an order authorising the relevant agency to direct the manager of the bank or person in charge of the bank or financial institution, where the account is or believed to be, in a manner specified in Form 2 in the First Schedule to this Act, to freeze the account.
First Schedule.
(2) The relevant agency may, in addition, direct the bank or other financial institution to—
(a) supply necessary information, and produce books and documents relating to the account; and
(b) stop all outward payments, operations, or transactions, including any bill of exchange, in respect of the account of the arrested person or a person under investigation.
(3) The manager or person in charge of the bank or a financial institution shall take necessary steps to comply with the requirements of the order made under subsections (1) and (2).
(4) For the purposes of this Part, “freeze” means to prohibit the transfer, conversion, disposition or movement of any property, equipment or other instrumentalities on the basis of, and for the duration of the validity of, an action initiated by a relevant agency or the Attorney–General under a freezing mechanism, or until a forfeiture order is made by a court as part of the implementation of a freezing measure, and the relevant agency may decide to take control of the property, equipment, instrumentalities, funds or other assets as a means to protect against flight or destruction by the original owner or a third party.