Section 3: Penalty for importation and reshipment of goods

(1) Where the goods have been imported in circumstances prescribed in section 1 (1) (a) of this Act, the importer shall pay, on demand, up to four times the amount of duty chargeable under the Customs and Excise Management Act.
[Cap. C45.]
(2) Where the goods have been reshipped in the circumstances prescribed in section (2) of this Act, the importer shall pay, on demand, the value of the goods as ascertained under the First Schedule to the Customs and Excise Management Act plus up to four times the duty chargeable thereon.
[First Schedule.]
(3) If, within seven days of the date of delivery of the demand, in either of the circumstances prescribed under subsections (1) and (2) of this section, the importer shall fail to pay as so prescribed, he shall in either case be guilty of an offence under this Act, and shall on conviction be liable to imprisonment for a term of five years or a fine of an amount in respect of which a demand was made (as in subsections (1) and (2) of this section) plus N2,OOO,or to both such imprisonment and fine.