Section 49: General penalty.

(1) Any person who contravenes any provisions of this Act for which no specific penalty was provided, commits an offence and shall be liable on conviction to a fine not exceeding N50,000.00 or imprisonment for a term of imprisonment not exceeding six months or to both fine and imprisonment.
(2) Where an offence under this Act is committed by a body corporate or firm or other association of individuals-
(a) every director, manager, secretary or other similar officer of the body corporate ;
(b) every partner or officer of the firm ;
(c) every person concerned in the management of the affairs of the association ; or
(d) every person who was purporting to act in any capacity, commits an offence and shall be liable to be proceeded against and punished for the offence in like manner as if he had himself committed the offence, unless he proves that the act or omission-constituting the offence took place without his knowledge, consent or connivance.