FORFEITURE OF ASSETS (RELEASE OF CERTAIN FORFEITED PROPERTIES) (AMENDMENT) ACT, 1996
Act · Security
Policy date: 1996-01-01
An Act expands the list of properties eligible for release from previous forfeitures. It targets additional former owners and involves government and courts in the process. This ensures more properties are returned where reviews justify it.
FORFEITURE OF ASSETS (RELEASE OF CERTAIN FORFEITED PROPERTIES) (AMENDMENT) ACT, 1996
What Is This Policy?
A 1996 amendment expanding the list of properties eligible for release under the 1992 Act, reflecting further reviews of military-era asset forfeitures.
Who Does It Target?
Additional former asset holders eligible for return under the amendment Federal Government managing the expanded release Courts overseeing the expanded release process
What Does It Aim to Achieve?
Extend the scope of property release to additional cases found on review to warrant return.
Key Features
Expanded List: Adds additional properties to those eligible for release. Procedural Updates: Updates the procedures for claiming released properties.
Current Status
Rollout Stage: Historical — releases completed Coverage: Additional named properties Beneficiaries: Additional former property holders Funding: Federal Government
How to Access
Historical reference Application method: Historical.
Official Resources
Website: https://www.agf.gov.ng Contact: Office of the Attorney General of the Federation
Legal Framework
The Forfeiture of Assets (Release of Certain Forfeited Properties) (Amendment) Act 1996 is recognized under Section 315 of the 1999 Constitution as an existing law. It amended the 1992 Act and operates alongside the Proceeds of Crime (Recovery and Management) Act 2022, which now provides the primary legal framework for asset forfeiture and recovery. The ICPC Act 2000 and the EFCC Act 2004 provide the current institutional implementing framework.