Section 1: Remuneration of former Presidents and Heads of State, etc.

As from the commencement of this Act all former-(a) Presidents and Heads of State of the Federal Republic of Nigeria (in this Act referred to as "former Heads of State") shall be-
(i) paid the sum of N350,000 per month as up-keep allowance; and
(ii) entitled to the perquisites of office specified in Part I of the Schedule to this Act; and
(b) Vice-Presidents and Chiefs of General Staff of the Federal Republic of Nigeria (in this Act referred to as "former Vice-Presidents") shall be-
(i) paid the sum of N250,000 per month as up-keep allowance; and
(ii) entitled to the perquisites of office specified in Part II of the Schedule to this Act.