- Ibrahim Kamba, says that in the near future, a jail term of at least 10 years shall be the penalty for anyone found guilty of misappropriation of pension funds.
- Representative Kamba said this is one of the new provisions of the 121 clauses Pension Act Amendment Bill 2013 passed on Wednesday by the House.
- The Bill, according to its explanatory memorandum, repeals the Pension Reform Act of 2004 and enacts the Pension Reform Bill of 2013 to continue to govern the public and private sectors in Nigeria.
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