Section 80: Penalties for refusal to furnish information to the Commission

(1) A person or body corporate who refuses or willfully neglects to furnish to the Commission information required under this Act commits an offence and is liable on conviction to a fine not exceeding N10,000,000.00.
(2) A person who furnishes information or makes a statement required by the Commission under this Act knowing that such statement is false in any material respect or recklessly makes a statement which is false in any material way, commits an offence and is liable on conviction to imprisonment for a term not exceeding two years or to a fine not exceeding N2,000,000.00 or to both the fine and imprisonment.