Anti-Terrorism Act, 1997
Anti-Terrorism Act, 1997 — Section 11T: Deposit of 2[money or other property] in a fund
11T. Deposit of 2[money or other property] in a fund.__ (1) Any 2[money or other property] to which a forfeiture order under sections 11R and 11S applies, alongwith 2[any addition, return,] profit and loss accrued, shall be deposited into a special fund to be notified by the Federal Government
(a)after the expiry of the limitation period within which an appeal against the forfeiture order may be brought under section 11S (2), or
(b)where an appeal brought under section 11S has been determined and disposed of.
(2)Any fund constituted by the Federal Government under sub-section (1) may also be used to compensate victims of acts of terrorism or in the case of deceased victims, their dependents. 2 [(3) The Federal Government may, by rules made under this Act, prescribe the manner of administration of the fund and management or disposal of the money or property forfeited under this Act.] 1 [11U. De-proscription.__ (1) The Federal Government may, by notification in the official Gazette, at any time remove any organization or person from the First Schedule or Fourth Schedule, as the case may be, on the basis that no reasonable ground for proscription exists.
(2)After three years of the disposal of appeal, if any, or where no appeal was filed, from the date of the order of proscription, or form the date of any refusal of an application of de-proscription,
(a)the Federal Government shall conduct review of the proscriptions to determine whether any proscription may be cancelled on the basis provided for under sub section (1); and 1Subs. and omitted by Act No. VII of 2014, ss. 13-15. 2Omitted, ins., subs. and added by Act No. XIII of 2013, ss. 11 and 12.
(b)until a proscription is cancelled, any money or other property frozen or seized on account of the proscription shall remain frozen or seized, as the case may be.
(3)On cancellation of the proscription under this Act, any money or other property that has been frozen or seized shall be released in a timely manner.]
This is the text of the provision as enacted. It is legal information, not legal advice, and it cannot account for the facts of your own matter. For advice on your situation, consult a verified advocate.
