Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page 61 of 101
Page | 61 (3) A Court making an interim forfeiture order may at the same time, make any other ancillary orders that it considers appropriate for the proper, fair, and effective execution of the interim forfeiture order. (4) An interim forfeiture order shall expire 60 days after the date on which it was made, unless — (a) there is an application for a final forfeiture order pending before the Court in respect of the materials and equipment subject to the interim forfeiture order; (b) there is an unsatisfied forfeiture order in force, in relation to the materials and equipment subject to the interim forfeiture order; or (c) the preservation order is rescinded before the expiration of that period. (5) The Authority may apply to the Court that granted an interim forfeiture order under this Act for a renewal of the order, where — (a) the interim forfeiture order has not been set aside ; and (b) there are reasonable grounds to grant the renewal. provided that the cumulative period of renewals shall not exceed 180 days. 114. (1) The Authority shall, within 14 days after the grant of an interim forfeiture order, notify any interested party of the order by publishing same on its website. (2) A person, who has an interest in any material or equipment that is subject to an interim forfeiture order may give notice of his intention to— (a) oppose the making of the interim forfeiture order ; or (b) apply for an order excluding his interest in the property concerned from the operation of the interim forfeiture order. (3) A notice under sub regulation (2) shall be served on the Authority within 14 days of the publication of the interim forfeiture order. (4) A notice given under sub regulation (2) shall contain full particulars of the address for the service of documents concerning further proceedings under this Part, and shall be accompanied by an affidavit stating the— (a) full particulars of the identity of the person opposing the interim forfeiture order; (b) nature and extent of his interest in the property concerned; and Notice of Interim Forfeiture
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