Section 20: Offences.

(1) If any person for the purposes of procuring the registration of any name, qualification or other matter-
(a) makes a statement which he believes to be false in a material particular; or
(b) recklessly makes a statement which is false in a material particular, that person is guilty of an offence.
(2) If, on or after the commencement of this Act, any person not a member of the Institute practises as a registered member of profession of management for or in expectation of reward, or takes or uses any name, title, addition or description implying that he is in practice as a registered member of the profession of management, he is guilty of an offence:
Provided that, in the case of a person falling within Section 4 of this Act-
(a) this subsection shall not apply in respect of anything done by him during the period of three months mentioned in that subsection;
(b) if within that period he duly applies for membership of the Institute, then, unless within that period he is notified that his application has not been approved, this subsection shall not apply in respect of anything done by him between the end of that period and the date on which he is enrolled or registered or is notified.
(3) If, on or after the commencement of this Act, a registered member of the Institute holds himself out as, or takes or uses any name, title, addition or description implying that he is, a management practitioner, he is guilty of an offence.
(4) If the Registrar or any other person employed on behalf of the Institute wilfully makes any falsification in any matter relating to the Register, he is guilty of an offence.
(5) A person guilty of an offence under this section shall be liable-
(a) to summary conviction to a fine of an amount not exceeding N250,000;
(b) on conviction or indictment to a fine of an amount not exceeding N250,000 or to imprisonment for a term not exceeding two years, or both.
(6) Where an offence under this section which has been committed by a body corporate is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of any director, manager, secretary or other similar officer of the body corporate or any person purporting to act in any such capacity, he as well as the body corporate, shall be deemed to be guilty of that offence and shall be liable to be proceeded against and punished accordingly.