Section 51: Destruction, etc.

(1) A director or an officer of a public enterprise who -
(a) destroys, mutilates, alters or falsifies any book, paper or security; or
(b) makes or is privy to the making of any false or fraudulent entry in any register, book of account or document belonging to the public enterprise, with intent to defraud or deceive any person, is guilty of an offence and liable on conviction to imprisonment for a term of not less than 3 years or a fine N 500,000 or to both imprisonment and fine.
(2) A person who commits an offence under subsection (1) of this section, and, immediately before, at, or immediately after the time of committing the offence, wilfully and unlawfully sets fire to any building, property or structure whatever, of the public enterprise, is liable, in addition to any punishment imposed under that subsection, to imprisonment for life.