Section 96: Power to Compound Offences.

(1) Notwithstanding the provisions of any law, the Governor may, in the event that an offence is punishable under this Act, the Central Bank of Nigeria Act, the Foreign Exchange (Monitoring and Miscellaneous) Provisions Act, the Credit Reporting Act or any other law relating to banking, accept such sums as the Governor thinks fit, not exceeding the minimum amount of penalty to which that person would have been liable under any of these Acts.
(Act No. 7. 2007) (Cap. F34. LFN, 2004) (Act No. 2. 2017)
(2) Any money paid to the Governor under subsection (1), shall be paid into the Bank's penalty account which is established for that purpose.