Library / Page 1 of 8 MIDSTREAM AND DOWNSTREAM PETROLEUM DISPOSAL OF CONFISCATED MATERIALS AND EQUIPMENT REGULATIONS, 2023

Page 1 of 8 MIDSTREAM AND DOWNSTREAM PETROLEUM DISPOSAL OF CONFISCATED MATERIALS AND EQUIPMENT REGULATIONS, 2023

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determining whether an officer of the Authority has acted 
negligently and become liable for the loss, theft, or 
unauthorized use of the property. 
5. (1) Within 60 days after the commencement of these Regulations, 
the Authority Chief Executive shall constitute a Disposal Committee 
comprised of 7 members of staff of the Authority.  
 
(2) The Committee shall be responsible for coordinating the disposal 
of confiscated properties. 
 
(3) Subject to the approval of the Authority Chief Executive, the 
Committee may engage the services of external experts 
through consultancies to beef up any skill-gap in the disposition 
of confiscated properties. 
 
(4) The Committee shall keep records of its activities and provide a 
report upon completion of any disposal exercise. 
Disposal 
Committee 
6. (1) All confiscated properties pursuant to the enabling provisions of 
the Act shall be disposed on as is basis and I accordance with the 
disposal procedure provided in these Regulations. 
 
(2) Prior to the disposal of any confiscated property by the 
Authority, the Authority shall give notice to each person the 
Authority knows, or reasonably suspects has a beneficial interest 
in the property, and such notice shall include- 
(a) the description of the property;  
(b) the grounds upon which the property was confiscated; 
(c) information about how to dispute the forfeiture; and 
(d) including the dispute period. 
 
(3) As soon as practicable after the notice is issued, the notice must 
be published in- 
(a) the Federal Gazette; or in a national daily; or 
(b) in such other manner as shall be approved by the Authority. 
 
(4) After the expiration of the notice period, the Committee shall 
submit to the Authority Chief Executive, a written proposal for 
the disposal of identified confiscated properties for approval. 
 
(5) The proposal shall be signed by the Chairperson of the 
committee and co-signed by the Secretary. 
 
(6) The proposal shall be presented to the Authority Chief Executive 
for approval before implementation and before incurring 
Disposal 
Procedure