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The Nigerian Senate
Official Twitter Account of the Senate of the Federal Republic of Nigeria. Managed by the New Media Department of the Senate President.
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The Nigerian Senate 10h
Replying to @NGRSenate
The was read the third time and passed on the 3rd of November, 2016.
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The Nigerian Senate 11h
Replying to @NGRSenate
...the Consolidated Revenue Fund of the Federation.
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The Nigerian Senate 11h
Replying to @NGRSenate
(b) Upon receipt of a final order pursuant to this section, the Secretary to the Agency shall take steps to dispose of the property concerned by sale or otherwise and where the property is sold, the proceeds thereof and the money in bank shall be paid into...
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The Nigerian Senate 11h
Replying to @NGRSenate
(6)(a) A copy of every final order forfeiting the asset, money in bank and property of a person convicted under this Act shall be forwarded to the Agency;
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The Nigerian Senate 11h
Replying to @NGRSenate
... the crime already subject to an interim under this Act.
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The Nigerian Senate 11h
Replying to @NGRSenate
(5) Where an arrested person is convicted of an offence under this Act, the Agency or any authorized officer shall apply to the Court for the order of confiscation and forfeiture of the convicted persons’ assets, money in bank and properties acquired or obtained as a result of...
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The Nigerian Senate 11h
Replying to @NGRSenate
... satisfied that there is prima facie evidence that the property concerned is liable to forfeiture, make an interim order forfeiting the money in the bank or property to the Federal Government.
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The Nigerian Senate 11h
Replying to @NGRSenate
(b) any assets, money in bank or property has been seized by the Agency under this Act, the Agency shall cause an application to be made to the Court for an interim order forfeiting the money in bank or property concerned to the Federal Government and the Court shall if ...
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The Nigerian Senate 11h
Replying to @NGRSenate
(4) Where: (a)The assets, money in bank or property of any person arrested for an offence under this Act has been seized; or
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The Nigerian Senate 11h
Replying to @NGRSenate
(3) Where a person is arrested for an offence under this Act, the Agency shall immediately trace and attach all the assets, money in bank and properties acquired as a result of such illegal act and shall thereafter cause to be obtained an interim order by the court.
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The Nigerian Senate 11h
Replying to @NGRSenate
(2) For the avoidance of doubt and without any further assurance than this Act; all the properties of a person convicted of an offence under this Act and shown to be derived or acquired from such illegal act shall be forfeited to the Federal Government.
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The Nigerian Senate 11h
Replying to @NGRSenate
(1) A person convicted of an offence under this Act shall forfeit to the Federal Government all the assets, money in bank and properties which may have been acquired with the proceeds of the crimes;
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The Nigerian Senate 11h
Replying to @NGRSenate
3. (b) Section 10 is amended by inserting immediately after the existing Section 10 the following new sections:
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The Nigerian Senate 11h
Replying to @NGRSenate
-Any drug, poison or unwholesome processed food products seized by a Task Force established by this Act shall be forfeited to the Federal Government and shall be destroyed By The Agency.
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The Nigerian Senate 11h
Replying to @NGRSenate
Section 3 seeks to amend section 10 of the principal Act. 3. (a) Section 10 of the Principal Act is amended by substituting for the existing Section 10 with the following new Section (10):
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The Nigerian Senate 11h
Replying to @NGRSenate
(b) Section 2 (1) of this Act, is liable on conviction to a fine not exceeding N2,000,000 or imprisonment for a term of not less than 4 Years or to both such fine and imprisonment.
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The Nigerian Senate 11h
Replying to @NGRSenate
Section 2 of the bill seeks to amend Section 3 of the Principal Act by substituting for the existing Subsection with a new subsection: (1) Any person who commits an offence under: (a) Section 1 of this Act is liable on conviction To Life Imprisonment.
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The Nigerian Senate 11h
Replying to @NGRSenate
Section 1 identifies The Counterfeit and Fake Drugs and Unwholesome Processed Foods (Miscellaneous Provisions) Act Cap C34 Laws of the Federation 2004 as the Act sought to be amended by this bill.
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The Nigerian Senate 11h
Replying to @NGRSenate
...crime as well as compensation to victims.
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The Nigerian Senate 11h
Replying to @NGRSenate
The Bill seeks to amend the Counterfeit and Fake Drugs and Unwholesome Processed Foods (Miscellaneous Provisions) Act Cap C34 Laws of the Federation 2004 to increase the penalties for offenses under the Act and make provisions for forfeiture of assets from proceeds of...
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