s 50A Compounding of offences
(1) The Minister may, with the approval of the Public Prosecutor, make regulations prescribing— (a) any offence under this Act and any regulations made under the Act that may be compounded; (b) the criteria for compounding such offence; and (c) the method and procedure for compounding such offence. (2) The authorized officer may, with the consent in writing of the Public Prosecutor, compound any offence committed by any person under this Act and prescribed to be a compoundable offence by making a written offer to the person suspected to have committed the offence to compound the offence upon payment to the authorized officer of an amount of money not exceeding fifty per centum of the amount of maximum fine for that offence within such time as may be specified in his written offer. (3) An offer under subsection (2) may be made at any time after the offence has been committed but before any prosecution for it has been instituted. (4) If the amount specified in the offer is not paid within the time specified in the offer or such extended time as the authorized officer may grant, prosecution for the offence may be instituted at any time after that against the person to whom the offer was made. (5) Where an offence has been compounded under subsection (2), no prosecution shall be instituted in respect of the offence against the person to whom the offer to compound was made, and any items, strategic items and unlisted items together with any container, package, conveyance and other article in which the items, strategic items and unlisted items are stored, kept or found, record, book, account, document and computerized data seized in connection with the offence may be released or disposed by the Controller in accordance with section 41, subject to such terms as he thinks fit. (6) All sums of money received by the authorized officer under this section shall be paid into and form part of the Federal Consolidated Fund.