Section 29: Failure to supply information

Where a person lawfully required to supply information necessary to achieve the objectives and purposes of the Board and the Central Bank of Nigeria-(a) supplies information which he knows to be false or supplies it recklessly as to its truth or falsity; or
(b)
without reasonable excuse, fails to comply with any requirement of the Board and the Central Bank of Nigeria,
the supply or failure to supply as the case may be, as therein provided, shall be an offence under this section punishable upon conviction by payment of a fine of not less than N1,000 or to imprisonment for a term of not less than four months.