Section 132: Frauds by bankrupts, etc.

Any person who has been adjudged bankrupt or in respect of whose estate a receiving order has been made shall, in each of the cases following be guilty of an offence under this Act-(a) if in incurring any debt or liability he has obtained credit under false pretences or by means of any other fraud; or
(b) if with intent to defraud his creditors or any of them he has made or caused to be made any gift or transfer of or charge on his property; or
(c) if with intent to defraud his creditors he has concealed or removed any part of his property since or within two months before the date of any unsatisfied judgment or order for payment of money obtained against him; or
(d) if with intent to defraud his creditors or any of them he has caused or connived at the levying of any execution against his property,
and shall on conviction be liable tomimprisonment for one year or to N200 fine or to both such fine and imprisonment.