Offence by guardians of a child’s estate

(1) Any guardian of the estate of a child who—
(a) willfully or recklessly neglects to receive or safeguard any asset forming part of the estate, misapplies any such asset or subjects any such asset to loss, waste or damage;
(b) willfully fails to produce to the Court, or the parent or guardian of the child any account or inventory required by the provisions of section 121; or
(c) willfully or recklessly produces any such inventory or account which is false or misleading in any material particular,
commits an offence and shall, on conviction, be liable to imprisonment for a term not exceeding five years or to a fine not exceeding five million shillings, or to both.
(2) In addition to the penal sanctions prescribed in subsection (1), the Courtmay order such person to restore and surrender the estate to an administrator appointed by the Court for proper administration on behalf of the child.
(3) A guardian who misappropriates or renders the property of a child liable to loss or waste shall be bound to restore the value of such estate to the child or to the administrator, if any, appointed by the Court pursuant to subsection (2).