PUBLIC ENTERPRISES (PRIVATISATION AND COMMERCIALISATION) ACT

Section 18: Service in the Bureau to be pensionable

1998Section 18 of 34Federal Republic of Nigeria

(1) It is hereby declared that service in the Bureau shall be approved service for purposes of the Pensions Act and accordingly employees of the Bureau shall, in respect of their services, be entitled to pensions, gratuities and other retirement benefits as are enjoyed by persons holding equivalent grades in the civil service of the Federation.
(2) Notwithstanding the provisions of subsection (1) of this section nothing in this Act shall prevent the appointment of a person to any office on terms which preclude the grant of a pension and gratuity in respect of that office.
(3) For the purposes of the application of the provisions of the Pensions Act, any power exercisable thereunder by the Minister or other authority of the Government of the Federation, other than the power to make regulations under section 23 thereof, is hereby vested in and shall be exercisable by the Council and not by any other authority.

Cite this section

Section 18, PUBLIC ENTERPRISES (PRIVATISATION AND COMMERCIALISATION) ACT (1998).

https://repo.podus.ai/laws/public-enterprises-privatisation-and-commercialisation-act/section/18/