Section 57: Penalties.

(1) Except as otherwise specifically provided under the provisions of this Act, any person or organisation which violates or contributes in the violation of the provisions of this Act is liable to a penalty of at least N500,000.
(2) The Council may in addition to any penalty that may be prescribed under this Act, direct any person who has violated any of the provisions of this Act and any regulation made under it, to compensate any person who may have suffered any direct loss as a result of the contravention.
(3) Notwithstanding the provisions of subsections (2), the complainant of a contravention may seek by action, consequential or punitive damages or any other remedy that may be available under the law after exploring the
domestic remedies provided by the Council.
(4) In the exercise of its powers to impose a penalty under this Act, the Council shall accord the person in alleged violation a fair hearing.