Section 7: Offences.

(1) If any person required to furnish returns pursuant to section 6 of this Act fails to furnish those returns as required under that section, he shall be guilty of an offence and liable on conviction to a fine of N1 ,000 or imprisonment for a period not exceeding six months or to both such fine and imprisonment.
(2) If a person in purported compliance with a requirement to furnish returns as aforesaid knowingly or recklessly makes any statement therein which is false in a material particular, he shall be guilty of an offence and liable on conviction to a fine of N1,000 or imprisonment of a period not exceeding three months or to both such fine and imprisonment.
(3) Any person who wilfully obstructs, interferes with, assaults or resists any officer of the Board in the execution of his duties under this Act or who aids, invites, induces or abets any other person to obstruct, interfere with, assault or resist any such officer shall be guilty of an offence and liable on conviction to a fine of N1,000 or imprisonment for a period not exceeding six months or to both such fine and imprisonment.