Section 196: Supplemental investigations.

(1) The Commission may appoint one or more competent inspectors to investigate and report on:
(a) the affairs of, or of the manager or trustee or custodian of any authorised scheme;
(b) the affairs of, or of the operator or trustee or custodian of any recognised foreign scheme so far as relating to activities carried on in the Federal Republic of Nigeria; or
(c) the affairs of, or of the operator or trustee or custodian of, any other scheme if it appears to the Commission that it is in the interest of the participants to do so or that the matter is of public concern.
(2) Any inspector appointed under subsection (1) of this section to investigate the affairs of, or of the manager, trustee or operator of any scheme may also, if he thinks it necessary for the purposes of that investigation, investigate the affairs of or the manager, trustee or operator of, any other such scheme as is mentioned in that subsection whose manager, trustee or operator is the same person as the manager, trustee or operator of the first mentioned scheme.
(3) A person shall not under this section be required to disclose any information or produce any document which he would be entitled to refuse to disclose or produce on grounds of legal professional privilege in judicial proceedings or on grounds of confidentiality as between a client and professional legal adviser in proceedings in any court except that a legal practitioner may be required to furnish the name and address of his client.
(4) Where a person claims a lien on a document its production under this section shall be without prejudice to the lien.
(5) Nothing in this section shall require a person carrying on the business of banking to disclose any information or produce any document relating to the affairs of a customer unless:
(a) the customer is a person who the inspector has reason to believe may be able to give information relevant to the investigation; and
(b) the Commission is satisfied that the disclosure or production is necessary for the purposes of the investigation.
(6) An inspector appointed under this section may, and if so directed by the Commission, make interim reports to the Commission and on the conclusion of his investigation shall make a final report to the Commission.
(7) A report made under subsection (6) of this section shall be written or printed as the Commission may direct and the Commission may, if it thinks fit:
(a) furnish a copy, on request and on payment of the prescribed fee, to the manager, trustee or operator or any participant in a scheme under investigation or any other person whose conduct is referred to in the report; and
(b) cause the report to be published.