Section 41: Attendance of witnesses and production of documents.

(1) Subject to such regulations as may be made in that behalf, a liquidator appointed under this Act shall, in so far as such powers are necessary for carrying out the purpose of section 40 of this Act have and exercise such powers as are vested in a magistrate in respect of summoning parties, enforcing the attendance of witnesses and compelling the production of documents.
(2) A person who-
(a) wilfully neglects or refuses to do an act or furnish an information required for the purposes of section 40 of this Act; or
(b) furnishes information knowing it to be false; or
(c) without reasonable excuse, disobeys any summons, requisition or order issued under section 40 of this Act, is guilty of an offence and liable on conviction to a fine of N1,000 or to imprisonment for a term of not less than six months or to both such fine and imprisonment.