10 YEARS IN JAIL FOR PENSION EMBEZZLEMENT !PENSION BILL SIGNED INTO LAW BY PRESIDENT JONATHAN! IMPRESSIVE!!

President Goodluck Jonathan Tuesday signed the Pension Reform Bill, 2014 into law.

With this, the Pension Reform Act, No 2, 2004 has been repealed.




The new law prescribed 10-year jail term for anybody that embezzles  pension fund

The bill had been passed by the House of Representatives  on May 27, while the Senate passed the bill on June 3.

The new law is designed to punish offenders, with a view to serving as deterrence to those who may want to mis-manage  or divert pension funds assets.

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