Section 131: Undischarged bankrupt obtaining credit.

Any undischarged bankrupt shall in each of the cases following be guilty of an offence under this Act-(a) if either alone or jointly with any other person he obtains credit to the extent of N100 or upwards from any person without first informing that person that he is an undischarged bankrupt; or
(b) if he engages in any trade or business under a name or names other than that or those under which he was adjudicated bankrupt and in the course of such trade or business obtains credit from any person without first disclosing to such person the name or names under which he was adjudicated bankrupt; or
(c) if he engages in any trade or business under a name or names other than that or those under which he was adjudicated bankrupt without first publishing, once in the Federal Gazette, and in three successive issues of two daily newspapers, a notice containing the following particulars-
(i) the name or names under which he was adjudicated bankrupt;
(ii) the last address at which he carried on any trade or business prior to the adjudication;
(iii) the name or names under which he intends to carry on the trade or business;
(iv) the nature of the trade or business which he intends to carry on; and
(v) the address or addresses at which he intends to carry it on,
and shall on conviction be guilty of an offence and be liable to imprisonment for one year or to a N200 fine or to both such fine or imprisonment.