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Proceeds of Crime (Recovery and Management) Act, 2022

The Proceeds of Crime (Recovery and Management) Act, 2022 establishes the legal and institutional framework for the tracing, restraint, seizure, confiscation, forfeiture, and management of the proceeds of unlawful activity within the Federal Republic of Nigeria. Enacted to enhance transparency, accountability, and efficiency in the recovery of illicit assets, the Act aligns with international best practices and Nigeria’s commitments under transnational anti-corruption and anti-money laundering frameworks.

This legislation is essential for legal practitioners, asset recovery professionals, law enforcement agencies, compliance officers, and stakeholders engaged in financial crime litigation and cross-border asset repatriation.

Users are encouraged to reference this Act in conjunction with applicable regulations and judicial interpretations, and to seek expert legal counsel where necessary for implementation and enforcement.