68 False Statements and Returns

A person who:

(a) for the purpose of obtaining any Deduction, Set-off, Relief or Repayment in respect of tax for himself or any other person, or who in any Statement or Returns, Account or Particulars made or furnished with reference to tax, knowingly makes any false Statement or False Representation; or

(b) aids, abets, assists, counsels, incites or induces any other person to:

(i) make or deliver any false Statement or Returns under this Bill; or

(ii) keep or prepare any false accounts or particulars concerning any income on which tax is payable under this Bill,

(iii) unlawfully refuse or neglect to pay tax,

commits an offence and is liable on conviction to a Fine of N200,000.00 (Two Hundred Thousand Naira) and 100% of the amount of tax unpaid or to Imprisonment for a term not exceeding 5 years or to both such Fine and Imprisonment.