Section 59
Power to compound
of Perbadanan Tabung Pendidikan Tinggi Nasional Act 1997
The Chief Executive may, with the consent in writing of the
Public Prosecutor, compound any offence committed by any person under this Act or any regulations made under this Act by making a written offer to the person who committed the offence to compound the offence upon payment to the Chief Executive of an amount of money not exceeding fifty per cent of the amount of the maximum fine for that offence within the time specified in the offer.
(2)
An offer under subsection (1) may be made at any time after the offence has been committed, but before any prosecution for it has been instituted and if the amount specified in the offer is not paid within the time specified in the offer or within such extended period as the Chief Executive may grant, prosecution for the offence may be instituted at any time after that against the person to whom the offer was made.
(3)
If an offence has been compounded under subsection (1), no prosecution shall be instituted in respect of the offence against the
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person to whom the offer to compound was made and any thing seized in connection with the offence may be released or forfeited to the Chief Executive, as may be determined by the Chief Executive, subject to such terms and conditions as he thinks fit.
(4)
All sums of money received by the Chief Executive under this section shall be paid into and form part of the Federal
Consolidated Fund.