Section 115: Criminal liability under this Part.

Any person who contravenes any of the provisions of this part of this Act commits an offence and is liable an conviction:(a) in the case of a person not being a body corporate, to :
(i) a fine of not less than N500,000 or an amount equivalent to double the amount of profit derived by him or loss averted by the use of the information obtained in contravention of any of the provisions of this part; or
(ii) to imprisonment for a term not exceeding seven years; or
(b) in the case of a person being a body corporate, to a fine not less than N1,000,000 or an amount equivalent to twice the amount of profit derived by it or loss averted by the use of the information obtained in contravention of any of the provisions of this part.