Section 26: Special provision relating to pension of professors.

1 An academic staff who retires as a professor in the University is entitled to pension at a rate equivalent to his annual salary provided that the professor has served continuously in the University up to the retirement age.

2 Notwithstanding subsection (1), where the professor has not served up to retirement age he is entitled to the rate of pension mentioned under subsection (1) provided that he has served a minimum of 20 years as a professor in a recognised university.

3 Where an academic joins a Nigerian university as a professor, the professor is entitled to the rate of pension mentioned under subsection (1) provided that he has served continuously for at least 20 years in a recognised university.