Section 42: Application of penalties for non-compliance

(1)
A person who violates any provision of this Act for which no specific penalty is provided in this Act commits an offence and is liable to the applicable penalties specified in sub-section (2) of this section.
(2)
The applicable penalties referred to in sub-section (i) of this section are-
(a)
a warning, where the person is a first time offender and the violation is unintentional;
(b)
suspension of licence or operations for a specified period of time; and
(c)
in case of-
(i) individual, a maximum fine of N500,000.00 or a maximum imprisonment of 10 years, and
(ii) corporate entity, a maximum fine of N5,000,000.00.
(3)
In the case of a violation by a corporation, partnership, firm or other entity, the managers, directors, officers, and their legal representatives as appropriate, shall bear responsibility for any penalty imposed, for any cost associated with any enforcement or corrective action, and for any term of imprisonment ordered, unless otherwise specified.