Section 25: Regulations.

Subject to the other provisions of this Act, the Minister may, with the prior approval of the President, make regulations generally for carrying into effect the provisions of this Act, and, without prejudice to the generality of the foregoing, such regulations may make provision-(a) for the licensing of agents;
(b) requiring books of account to be kept by licensed agents and for inspection thereof;
(c) prescribing fees;
(d) imposing penalties for offences against regulations made under this Act to a limit of a fine of N200 or imprisonment for six months or to both such fine and imprisonment.