Section 47: Savings and transitional provision.

(1) The power, duties and functions of the Defence Industries Corporation of Nigeria established under the Defence Industries Corporation of Nigeria Act Cap, D4 Laws of the Federation of Nigeria, 2004 ("the repealed Act") is transferred to the Defence Industries Corporation of Nigeria established under this Act.
(2) Anything made, done or having effect under the repealed Act and having any resulting or continuing effect shall be treated as from the commencement of this Act, as if it were made or done by the Corporation established under this Act.
(3) Any person who before the commencement of this Act, was appointed or employed by the Corporation established under the repealed Act shall continue in office and be deemed to have been appointed or employed by the Corporation under this Act.
(4) All assets, rights, liabilities and obligations of the Corporation under the repealed Act shall, by virtue of this Act, be deemed to be that of the Corporation established under this Act.