Section 5: Offences in connection with the distribution of petroleum products.

(1) If any oil marketing company in pursuance of any agreement or arrangement between it and any other oil marketing company borrows any petroleum products from any other oil marketing company and fails to return to that company an equivalent quantity of the petroleum products borrowed within two weeks of the date on which the petroleum products were borrowed, the first named oil marketing company shall be guilty of an offence and on conviction shall be liable to a fine of one hundred naira per metric ton of the petroleum products concerned.
(2) If any oil marketing company at any time registers only unpumpable stock in respect of petroleum products stored in its depot at Apapa, Lagos, that company shall be guilty of an offence and shall on conviction be liable to a fine of five thousand naira for each day during which only unpumpable stock is registered.
(3) In this section, "oil marketing company" means any company in respect of which a marketer's licence has been granted by the Minister under section 4 of this Act.