Section 32: Offences.

(1) If any person required to furnish returns pursuant to section 30 (1) of this Act fails to furnish those returns as required under this Act, he commits an offence and is liable on conviction to a fine not exceeding N1,000,000.00 or imprisonment for a period not exceeding one year or to both.
(2) lf a person, in purported compliance with a requirement to furnish returns, knowingly or recklessly makes any statement in the return which is false in a material particular, he commits an offence and is liable on conviction to a fine not exceeding N 1,000,000.00 or imprisonment for a term not exceeding 1 year or both.
(3) A person who wilfully obstructs, interferes with, assaults or resists any officer or employee of the Organisation in the execution of his duty under this Act or who aids, invites, induces or abets any other person to obstruct, interfere with, assault or resist any officer or employee commits an offence and is liable on conviction to a fine not exceeding N1,000,000.00 or imprisonrnent for a term not exceeding one year or both.
(4) Where a penalty is not elsewhere prescribed in this Act, any person who commits an offence under this Act is liable on conviction to a fine of not less than N500,000.00 or to imprisonment for a term of not less than 9 months or both.
(5) The provisions of this Act are, in addition to and not in derogation of, any penalty for offences imposed on the conviction of any person for an offence under this Act or other enactment or law.