Section 40: Failure of service provider to perform certain duties

1 Every service provider in Nigeria shall comply with all the provisions of this Act and disclose information requested by any law enforcement agency or otherwise render assistance in any inquiry or proceeding under this Act.

2 Without prejudice to the generality of the foregoing, a service provider shall, at the request of any law enforcement agency in Nigeria or at its own initiative, provide assistance towards-
a the identification, apprehension and prosecution of offenders;
b the identification, tracking and tracing of proceeds of any offence or any property, equipment or device used in the commission of any offence; or
c the freezing, removal, erasure or cancellation of the services of the offender which enables the offender to either commit the offence, hide or preserve the proceeds of any offence or any property, equipment or device used in the commission of the offence.

3 A service provider who contravenes the provisions of subsections (1) and (2) of this section commits an offence and is liable on conviction to a fine of not more than =N 10,000,000.00.

4 In addition to the punishment prescribed under subsection (3) of this section and subject to the provisions of section 20 of this Act, each director, manager or officer of the service provider is liable on conviction to imprisonment for a term of not more than 3 years or a fine of not more than =N7,000,000.00 or both.