BANK EMPLOYEES ETC. (DECLARATION OF ASSETS)
Section 8: Offences relating to assets declaration.
(1) Any employee affected by this Act who-
(a) knowingly fails to make full disclosure of the assets and liabilities required to be made under this Act; or
(b) knowingly makes a declaration that is false, knowing same to be false in part or in whole; or
(c) fails to answer any question contained in the appropriate form under this Act; or
(d) fails, neglects or refuses to make a declaration or furnish information as required by the provisions of this Act,
commits an offence under this Act and shall be liable on conviction to imprisonment for a term of ten years.
(2) Any assets found not to have been disclosed shall, in addition to any or both of the penalties prescribed under subsection (1) of this section or that prescribed in section 7 of this Act, be forfeited to the Federal Government.
Cite this section
Section 8, BANK EMPLOYEES ETC. (DECLARATION OF ASSETS) (1986).
https://repo.podus.ai/laws/bank-employees-etc-declaration-of-assets/section/8/