A five-year prison term is the penalty for two individuals found guilty of operating without proper authorization. They have the option to pay a fine instead, which is set at N2 million. The offence involves conducting business without a necessary licence from a regulatory body.

Further information about this case is available from the source. The sentencing was handed down by a court, which heard the case against the two individuals.

The regulatory body involved is responsible for overseeing certain financial activities, and the individuals were found to be operating outside of its guidelines.