Law library · Sierra Leone · The National Investment Board Act, 2022
Section 35, The National Investment Board Act, 2022
Status not yet checkedThe National Investment Board Act, 2022, Sierra Leone
(1) An Investor's interest or right over any property orundertaking forming part of his enterprise, shall not be compulsorily
acquired except in accordance with the Constitution .
(2) Where an Investor's interest or right over any property
or undertaking forming part of his enterprise is compulsorily acquired
the following provisions shall apply-
(a) prompt payment of fair and adequate
compensation shall be made prior to the
compulsory acquisition of the property;
(b) the compensation paid to the investor shall
be transferable out of Sierra Leone but shall
be subject to any exchange control
restrictions under the Bank of Sierra Leone
Act; and
(c) a person who has a right or interest over the
property has a right to take legal action in
any court of law in respect of any matter
arising out of the compulsory acquisition of
the property;
(3) This section shall not be deemed to exempt an Investor
from any other law.
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