Section 29: Offences by body corporate

(1) Where an offence under this Act which has been committed by a body corporate
is proved to have been committed on the instigation or with the connivance of or to be
attributable to any neglect on the part of a director, manager, secretary, head of branch or project manager or other similar officer of the body corporate, or any person purporting
to act in any such capacity, he as well as the body corporate, where practicable, shall be
deemed to have committed that offence and liable to be proceeded against and punished
accordingly.
(2) Where a person is convicted of an offence under subsection (1) of this section, he
shall-
(a)
in the case of an individual, be liable to a fine of N5,000 or to imprisonment
for a term of six months; and
(b) in the case of the body corporate, be liable to a fine of not less than N50,000.