Section 38: False statement to auditors.

(1) An officer of a public enterprise is guilty of an offence if he knowingly or recklessly makes to the auditor of the public enterprise a statement (whether written or oral) which is misleading, false or deceptive in a material particular and conveys or purports to convey any information or explanation which the auditor requires or is entitled to require, as the auditor of the public enterprise.
(2) A person guilty of an offence under this section is liable on conviction to imprisonment for a term of one year or to a fine of N50,000 or to both such imprisonment and fine.