Section 37 EFCC Act 2004: Annual Report
Section 37 EFCC Act 2004 Section 37 of the EFCC Act 2004 is about Annual Report. The Commission shall, not later than 30th September in each year, submit to the National Assembly, a report of its activities during the immediately preceding year and shall include in such report the audited accounts of the Commission.
Section 36 EFCC Act 2004: Accounts and Audits
Section 36 EFCC Act 2004 Section 36 of the EFCC Act 2004 is about Accounts and Audits. (1) The Commission shall keep proper accounts, in a form, which conforms to accepted commercial standards of its receipts, payments, assets and liabilities and shall submit the accounts annually, for auditing by a qualified auditor appointed from the […]
Section 35 EFCC Act 2004: Funds of the Commission
Section 35 EFCC Act 2004 Section 35 of the EFCC Act 2004 is about Funds of the Commission. (1) The Commission shall establish and maintain a fund from which shall be defrayed all expenditure reasonably incurred by the Commission for the execution of its functions under this Act. (2) There shall be paid and credited […]
Section 34 EFCC Act 2004: Freezing order on bank or other financial institutions
Section 34 EFCC Act 2004 Section 34 of the EFCC Act 2004 is about Freezing order on bank or other financial institutions. (1) Notwithstanding anything contained in any other enactment or law, the Chairman of the Commission or any officer authorized by him may, if satisfied that the money in the account of a person […]
Section 33 EFCC Act 2004: Consequences of an acquittal
Section 33 EFCC Act 2004 Section 33 of the EFCC Act 2004 is about Consequences of an acquittal in respect of assets and properties. (1) Where a person is discharged or acquitted by a Court of an offence under this Act, the Court may make an order of revocation or confirmation as the case may […]
Section 32 EFCC Act 2004: Offences in relation to forfeiture orders
Section 32 EFCC Act 2004 Section 32 of the EFCC Act 2004 is about Offences in relation to forfeiture orders. (1) Any person who, without due authorization by the Commission, deals with, sells or otherwise disposes of any property or assets which is the subject of an attachment, interim order or final order commits an […]
Section 31 EFCC Act 2004: Final disposal of forfeited property
Section 31 EFCC Act 2004 Section 31 of the EFCC Act 2004 is about Final disposal of forfeited property. (1) A copy of every final order forfeiting the asset and property of a person convicted under this Act shall be forwarded to the Commission. (2) Upon receipt of a final order pursuant to this section, […]
Section 30 EFCC Act 2004: Final order
Section 30 EFCC Act 2004 Section 30 of the EFCC Act 2004 is about Final order. Where a person is convicted of an offence under this Act, the Commission or any authorized officer shall apply to the Court for the order of confiscation and forfeiture of the convicted person’s assets and properties acquired or obtained […]
Section 29 EFCC Act 2004: Interim forfeiture order
Section 29 EFCC Act 2004 Section 29 of the EFCC Act 2004 is about Interim forfeiture order. Where:(a) the assets or properties of any person arrested for an offence under this Act has been seized; or (b) any assets or property has been seized by the Commission under this Act, the Commission shall cause an […]
Section 28 EFCC Act 2004: Investigation of Assets and Property
Section 28 EFCC Act 2004 Section 28 of the EFCC Act 2004 is about Investigation of Assets and Property Of A Person Arrested of an offence under this act. Where a person is arrested for an offence under this Act, the Commission shall immediately trace and attach all the assets and properties of the person […]