Section 67: Penalties for offences under section 70.

A person who commits an offence under section 66 of this Act is liable on conviction, subject to subsection (S) of section 71 of this Act, in the case of an offence-(a)
under paragraph (a), (b), or (c) of that section-
(i) where the public enterprise concerned is a failed public enterprise, to imprisonment for a term not exceeding five years without an option of a fine, in the case of a failed public enterprise;
(ii) to a fine of N 1 million or imprisonment for a term of not less than two years or to both such fine and imprisonment, in any other case;
(b)
under paragraphs (d), (e) and (f) of that section-
(i) where the public enterprise concerned is a failed public enterprise, to imprisonment for a term not exceeding three years without an option of a fine, in the case of a failed public enterprise; and
(ii) to a tine of N500,000 or an imprisonment for a term of not less than eighteen months or to both such fine and imprisonment, in any other case.