Any person who, with intent to defraud, and by means of any unlawful violence to, or restraint of, the person of another, or by means of any threat of violence or restraint to be used to the person of another, or by means of accusing or threatening to accuse any person of committing any felony or misdemeanor, or by offering or making any solicitation or threat to any person as an inducement to commit or permit the commission of any offence, compels or induces any person‐
(a) to execute, make, accept, endorse, alter, or destroy, the whole or any part of any valuable security; or
(b) to write, impress, or affix, any name or seal upon or to any paper or parchment, in order that it may be afterwards made or converted into or used or dealt with as a valuable security,
is guilty of a felony and is liable to imprisonment for fourteen years.
Section 409 of the Criminal Code Act in Nigeria