Copy of the Proceeds of Crime (Recovery and Management) Act, 2022.
Click to download a copy of the Proceeds of Crime (Recovery and Management) Act, 2022
The Proceeds of Crime (Recovery and Management) Act provides comprehensive provisions for seizure, confiscation, forfeiture, and management of properties reasonably suspected to have been derived from unlawful activities and for other related matters.
Click to download a copy of the Proceeds of Crime (Recovery and Management) Act, 2022
The Act aimed amongst other things to—
1. Provide an effective legal and institutional framework for the
recovery and management of the proceeds of crime, benefits derived therein,
instrumentality of unlawful activities, and unclaimed properties reasonably
suspected to be proceeds of crime ;
2. Make provisions for the restraint, seizure, confiscation, and forfeiture
of property derived from unlawful activities and any instrumentalities used
or intended to be used in the commission of such unlawful activities ;
The Act which received the Presidential Assent (signed into law by President Mohammadu Buhari) on the 12th of May, 2022 has a total of 10 Parts and about 83 sections, and a schedule.
Click to download a copy of the Proceeds of Crime (Recovery and Management) Act, 2022
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