Section 91: Penalty of Pension Fund Administrator for noncompliance.

Any Pension Fund Administrator who fails to comply with any provision of this Act shall be liable to a penalty of not be less than N500,000.00 for each day that the non-compliance continues and the Pension Fund Administrator shall forfeit the profit from that investment to the beneficiaries of the Retirement Savings Accounts and where the investment has led to a loss, the Pension Fund Administrator shall be made to make up for the loss.