President Goodluck
Jonathan, Vice-president Namadi Sambo, non-returning federal lawmakers,
ministers and presidential aides will collect N3.24bn as severance
allowances, according to Punch.
The severance
allowances are contained in the Remuneration Package
put together by the Revenue Mobilisation, Allocation and Fiscal Commission.
According to the
package, Jonathan, who will hand over to the President-elect, Muhammadu Buhari,
on May 29, is entitled to 300 per cent of his annual basic salary.
The President’s annual
basic salary is put at N3, 514,705 and therefore his severance allowance will
be N10, 544,115 after May 29.
The severance allowance
is without prejudice to his other constitutional entitlements as a former head
of government.
Similarly,
Vice-President Sambo, who leaves office the same day as Jonathan, is also
entitled to 300 per cent of his annual basic salary put at N3, 031,572.50. This
means that his severance allowance after May 29 is N9, 094,717.50.
For having held the
office of vice- president, Sambo also has some constitutional entitlements and
perks.
About 76 senators are
not returning to the National Assembly either because they did not stand for
election or because they lost their bids to return. They are however entitled
to N462,019,200 at the expiration of their tenure on June 5...
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