Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page 62 of 101
Page | 62 (c) reasons which the person intends to rely on in opposing the interim forfeiture order or applying for the exclusion of his interest from the operation of the interim forfeiture order. 115. (1) Where an interim forfeiture order is in force and before the expiration of the stipulated time, the Authority may apply to the Court by way of motion of notice for a final forfeiture order against all or any part of the materials and equipment that is subject to the interim forfeiture order. (2) The Authority shall give 14 days’ notice of an application under sub regulation (1) to every person who, pursuant to the notice given under these Regulations, had shown interest in the materials and equipment sought to be forfeited. (3) A person who pursuant to the notice of interim forfeiture given under these Regulations may, subject to compliance with these Regulations, appear at the hearing of the application for a final forfeiture order to — (a) oppose the making of the order; or (b) apply for an order— (i) excluding his interest in the property from the operation of the order, or (ii) varying the operation of the order in respect of the property and may adduce evidence at the hearing of the application. (4) Where the Court grants the final forfeiture order, the materials and equipment referred to in sub regulation (1) shall be forfeited to the Federal Government of Nigeria and shall be disposed in accordance with the provisions of these Regulations. Final Forfeiture order 116. (1) Within 90 days of the commencement of these Regulations, the Authority shall cause to be opened a Register of Confiscated Materials and Equipment wherein a record of all confiscated materials and equipment existing prior to the commencement of these Regulations shall be kept. (2) Upon opening the Register as in sub-regulation (1), any material or equipment confiscated by the Authority pursuant to its powers under the Act, shall be recorded in Register within 60 days of confiscation. (3) The following information shall be recorded in the Register in Register of confiscated materials and equipment
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