Section 140: Trial and punishment of offences (As amemended by Section 10 of Bankruptcy (Amendment) Act 1992.)

(1) A person guilty of an offence under this Act in respect of which no special penalty is imposed by this Act shall be guilty of an offence triable summarily, and shall be liable to a fine of N200 or imprisonment for two years or to both such fine and imprisonment.
(2) Summary proceedings in respect of any such offence shall not be instituted after one year from the first discovery thereof either by the Official Receiver or by the trustee in the bankruptcy, or in the case of proceedings instituted by a creditor, in no case shall they be instituted by the creditor after three years from the commission of the offence.
(3) In any prosecution for an offence under this Act, it shall be sufficient to set forth the substance of the offence charged in the words of this Act specifying the offence, or as near thereto as circumstances admit, without alleging or setting forth any debt, act of bankruptcy, trading, adjudication, or any proceedings in, or order, warrant or document of, the court acting under this Act.
(4) The Official Receiver or any deputy official receiver shall be competent to prosecute an offence under this Act.