Section 97: Disclosure of confidential information and use of information acquired by inspectors, e.t.c., for personal gain.

(1) If an inspector, a police officer, a Commissioner or an employee of the Commission acquires, in the course of his duties, information relating to the financial affairs of any person, or to any commercial secret, or if any other person indirectly acquires such information from an inspector, a police officer, a Commissioner or an employee of the Commission, he shall not for personal gain make use of such information, nor disclose it to any other person except:
(a) for the purpose of legal proceedings under this Act or any other law;
(b) to the extent that it may be necessary to do so for the purpose of this Act or any other law; and
(c) to another inspector and commissioner or employee of the Commission.
(2) No Inspector, Police Officer, Commissioner or employee of the Commission shall, for personal gain, make use of any information acquired by him in the course of his duties for a period of five years after the date on which he ceased to be an inspector, Commissioner or employee.
(3) Any person who contravenes subsection (1) or (2) of this section commits offence and is liable on conviction to the forfeiture of any proceeds accruing to him on account of the contravention and to a fine not exceeding five hundred thousand Naira or to imprisonment for a period not exceeding two years or to both such fine and imprisonment.