Section 27: -

(1) Where under a lease agreement a lessee is under a duty to keep a leased equipment in his possession and for his use, the lessee shall on receipt of a request in writing from the lessor inform the lessor of—
(a) the location of a leased equipment;
(b) the state of the leased equipment; and
(c) any other such information that may be required by the lessor in respect of the leased equipment
(2) If a lessee, without reasonable cause fails to give the information requested under subsection (1) of this section within fourteen days of receipt of a written request, is guilty of an offence and liable on conviction to a fine not less than N50,000.