Section 4: Penalty for contravention of order

(1)
Any person who, in contravention of any order made in pursuance of the last preceding section, imports or exports or attempts to import or export any coins in such order specified to the number of twenty or upwards shall be liable to a fine of two hundred naira:
[L.N. 120 of 1957.]
Provided that, when a number has been fixed under section 3 (1) (e) of this Act as the number of coins the import or export of which is exempted from the operation of any such order, the number one above the number so fixed shall be deemed to be substituted for the number herein specified.
(2) Any coin imported or exported or attempted to be imported or exported in contravention of any such order may be forfeited.
(3) In any case in which it has been proved to the satisfaction of a court that coin has been exported in contravention of any such order, the court, in addition to the fine authorised by this section, may impose a further penalty not exceeding the amount or value of the coins so found to have been exported.
(4)
This section shall not apply to any coin imported or exported with the permission in writing under the hand of the Minister or of any officer appointed in that behalf by the President and any such permission shall specify the terms on which such coin may be imported or exported as the case may be.
(5) Any person importing or exporting coin in contravention of the terms of such permission shall be liable to a fine of two hundred naira, and any coin so imported or exported may be forfeited; the provision contained in subsection (3) of this section shall apply in the case of any coin exported in contravention of the terms of any such permission.
(6) Any person who in contravention of any order issued in pursuance of section 3 of this Act circulates or attempts to circulate any coin in such order specified shall be liable to a fine of ten naira, and the coin may be forfeited.
(7) For the purposes of this section, a person shall not be deemed to circulate coin who gives it to a banker in exchange for other coin.