Section 39: Offences and Penalties.

(1) A person in possession of firearms or ammunition without a licence, commits an offence and is liable on conviction to a fine of at least N1,000,000 or imprisonment for a term of at least two years or both, where the person has no previous criminal record.
(2) A person with previous criminal records found in possession of firearms without a licence, commits an offence and is liable on conviction to imprisonment for a term of at least five years without an option of fine.
(3) Where a person commits an act of violence with a firearm that is not licenced, the person shall on conviction be liable to imprisonment fora term of at least six years.
(4) A person who commits an offence under this Act for which no penalty is prescribed is liable on conviction to a fine of at least N500,000 or imprisonment for a term of one year or both.