Section 10: Penalties

(1) The penalties which a Federal High Court may impose upon conviction of any person to which this Act applies shall, apart from forfeiture or any other penalty prescribed by or pursuant to any of the foregoing provisions of this Act, be either-
(a) imprisonment for a term not exceeding 21 years; or
(b) in cases where the Federal High Court arrives at a finding that undeclared assets (whether in Nigeria or elsewhere) of such person have a value of or amount to not less than N 1,000,000 or its equivalent in any other currency or combination of currencies, a sentence of life imprisonment.
(2) Where a person is charged with an offence but the evidence establishes an attempt to commit the offence, he may be convicted of having attempted to commit that offence, although the attempt is not separately charged, and punished as provided in subsection (1) of this section.
(3) Where a person is charged with an offence under this Act but the evidence established the commission of another offence under this Act the offender shall not be acquitted but he may be convicted of that other offence and punished as provided in subsection (1) of this section.