Section 33: Offences by an entity.

(1) Where an offence, under this Part, committed by an entity is proved to have been committed on the instigation or with the connivance of, or is attributable to any neglect on the part of a director, manager, secretary of the entity, or any person purporting to act in any of these capacities, the officer is liable on conviction to the same punishment as provided under this Act for the offence.
(2) Where an entity is convicted of an offence under this Act—
(a) it shall be liable to the forfeiture of —
(i) any assets, funds, or property used or intended to be used in the commission of the offence, and
(ii) its assets, funds, or property; and
(b) the court shall issue an order—
(i) winding-up the entity,
(ii) withdrawing the practice licence of the entity and those of its convicted principal officers, where applicable, and
(iii) prohibiting the entity from reconstitution or incorporation under any other form or guise.
(3) Where the court orders the entity to be wound up, the entity’s assets and properties shall be transferred to any fund or agency established under any law for the recovery of proceeds of crime.
(4) Nothing contained in subsection (1) shall render any person liable to punishment, provided that it can be proved that the offence was committed without the person’s knowledge or that the person exercised all due diligence to prevent the commission of the offence.