PENSION REFORM ACT, 2014

Section 77: Prohibited transactions

2014Section 77 of 120Federal Republic of Nigeria

(1) A Pension Fund Administrator shall not hold any pension Prohibited fund or asset.
(2)
A Pension Fund Administrator shall not keep any pension fund or asset with a Pension Fund Custodian in whom the Pension Fund Administrator has any business interest, share or any relationship whatsoever.
(3)
An employee of the Pension Fund Administrator shall not engage in any business transaction or trade in any manner with the Pension Fund Administrator as a counterpart or with the subsidiary in relation to pension fund or assets.
(4)
A Pension Fund Administrator or Pension Fund Custodian shall not divert or convert pension funds and assets as well as any income or brokerage, commission arising from the investment of pension fund or asset or by any other means.

Cite this section

Section 77, PENSION REFORM ACT, 2014 (2014).

https://repo.podus.ai/laws/pension-reform-act-2014/section/77/