Section 39: Employer to Provide estimate of Payrolls.

(1) Every employer shall-
(a) Keep at all times at some place in Nigeria, the location and address of which the employer has given notice to the Board, complete and accurate particulars of the employer's payrolls;
(b) cause to be furnished to the Board-
(i) when the employer becomes an employer within the scope of this Act, and
(ii) at other times as required by any regulation made by the Board limited to each of the employer's industries within the scope of this Act, together with any further information required by the Board; and
(iii) provide signed copies of reports of the employer's payrolls, not later than the 31st December in each year or at such other times and in the manner required by the Board.
(2) Where the employer fails to comply with sub-section (1) of this section, the employer is liable to pay as a penalty for the default, a percentage of the assessment prescribed by regulations or determined by the board, and the board may make its own estimate of the payroll, assess and levy on that estimate and the employer is bound by it.
(3) In computing the amount of the payroll for the purpose of assessment, regard shall be had only to that portion of the payroll that represents workers and employment within the scope of this Act.
(4) If an employer does not comply with sub-section (1) of this section, or if a statement made in pursuance of its requirements is not true and accurate, the employer, for every failure to comply and for every such statement shall be liable to imprisonment for a term not exceeding one year or fine not less than N100,000 or to both imprisonment and fine for an individual or a fine of not less than N1,000,000 for a body corporate and in addition, each director, manager or officer of the body corporate shall be deemed to have committed the offence and shall be liable on conviction to imprisonment for a term not exceeding one year or a fine of N100,000 or to both such imprisonment and fine.