Section 136 — Contravention of surcharge provisions

(1) Any person who contravenes the provisions of section 24 of this Act or fails to comply with provisions made for the administration of surcharge under this Act or the Nigeria Tax Act, is liable to an administrative penalty of ₦10,000,000.00.

(2) A taxable person who fails to pay surcharge as provided in the Nigeria Tax Act, shall be liable to a sum equal to 10% of the amount payable in addition to the surcharge due, and interest at the prevailing Central Bank Monetary Policy Rate.