Section 101: Offences relating to Pension Fund Custodian.

A Pension Fund Custodian who contravenes the provisions of section 70 of this Act commits an offence and is liable on conviction to a fine of not less than N10,000,000.00 and each of its director or principal officers is liable to a fine of not less than N5,000,000.00 or to a term of not less than 5 years imprisonment or to both such fine and imprisonment.