Section 147 - Illegal purchase or bid for property offered for sale by authority of public officer.

Whoever at the sale of property held by the lawful authority of a public officer as such purchases or bids for the property on account of a person whether himself or any other, whom he knows to be under a legal incapacity to purchase that property at that sale, or bids for that property not intending to perform the obligations under which he lays himself by that bidding, shall be punished with imprisonment for a term which may extend to one month or with fine which may extend to twenty naira or with both.