Section 21: Penalties for failure to furnish information

(1) Any person who is required to furnish information, estimates, returns or particulars under this Act and who fails to do so, is guilty of an offence under this section and liable on conviction to a fine of five hundred naira or imprisonment for six months, or to both such fine and imprisonment, but it shall be a defence for any person charged with failure to furnish information, estimates, returns or particulars under this Act, to prove that he did not know and had no reasonable means of knowing that he was required to furnish that information or those estimates, returns or particulars or that he had other reasonable excuse for such failure.
(2) Any person who, after conviction in respect of an offence under subsection (1) of this section, continues to fail to comply with the provisions of the subsection, is guilty of a further offence and liable on conviction to be punished for the offence.
(3) Any person who, in purported compliance with a requirement to furnish information, estimates, returns or particulars under this Act, knowingly or recklessly makes any statement in such information, estimates, returns or particulars which is false in any material particular, is guilty of an offence under this subsection and liable on conviction to a fine of one thousand naira or to imprisonment for a term of twelve months or to both such fine and imprisonment.