Section 135 — General penalty in relation to petroleum operations

(1) Any person that fails to comply with the provisions of this Part, Chapter Three of Nigeria Tax Act, or any relevant regulations for which no penalty is specifically provided, is liable to an administrative penalty of ₦10,000,000.00 and where the default continues, beyond a period stipulated by law or regulation, the person is liable to an administrative penalty of ₦2,000,000.00 for each day the default continues, or such other sum as may, by order be prescribed by the Minister.

(2) Notwithstanding the provision of this section, a person who is found guilty under this Part of this Act or regulations made thereunder for which no other penalty is specifically provided shall upon conviction be liable to a fine of ₦20,000,000.00 or such other sum as may, by order, be prescribed by the Minister, or imprisonment for six months or both fine and imprisonment.