Section 81: Offence as to returns.

(1) If a person required to furnish returns or information to the Commission under this Act fails to furnish such returns or information commits an offence and is liable on conviction to a fine of N100,000 or to imprisonment for a term of 6 months or to both.
(2) If a person in purported compliance required to furnish with returns of information as specified in subsection (1) of this section, knowingly or recklessly-
(a) makes a statement in the returns; or
(b) gives information which is false in any material particular, commits an offence and is liable on conviction to a fine of N100,000 or to imprisonment for a term of 1 year or to both.