Section 58A: Realisation of assets seized or subject of an
This section is inserted by Act No 15 of 2021, section 67.
consolidated text (as at 2012, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
58A. Realisation of assets seized or subject of an
attachment order
(1) The Commission may, notwithstanding any
other enactment applicable to the disposal of attached or
seized assets and with the consent in writing of the owner of
any asset attached or seized, realise the asset on such terms
and conditions as the owner of the asset and the Commission
may agree upon in writing.
(2) Any amount received following the realisation
of any asset and deduction of any costs incurred in realising
the asset shall be –
(a) credited into a separate bank account
opened in the name of the Commission for
the purpose of assets realised; and
(b) subsequently dealt with in accordance
with any Court order or enactment.
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Questions this section answers
- Can the Independent Commission Against Corruption sell my seized assets without a court order, if I agree in writing?