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GEJ, Sambo & Other Non-Returning Government Personnel to Get N3.4 Billion Severance Pay

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PIC. 10.  PRESIDENT JONATHAN DECLARES HIS INTEREST IN 2015 PRESIDENTIAL RACE IN  ABUJA

This is a very generous farewell gift!

President Goodluck Jonathan, Vice-president Namadi Sambo, and other non-returning presidential aides, ministers, and federal lawmakers will collect N3.24 billion as severance allowances, Punch reports.

The report further states:

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.

For a comprehensive breakdown of how the N3.24 billion severance pay will be shared, visit Punch

23 Comments

  1. Naijababeii

    April 29, 2015 at 10:35 am

    Y Nigeria no go dey poor after dat huge pay to president/vp and lawbreakers(makers)

  2. Niola

    April 29, 2015 at 10:37 am

    mo daran!!! this is wastage!!! God this is unfair!!! Your employers (the Nigerian people) do not think you performed, we think your governance was laced with fraudulent activities, in view of this you should be summarily dismissed with no notice or payment in lieu.. These people are selfish, cannot sacrifice at all, with the state of the economy and the rate of poverty , should this even be considered! Lord if truly you are on the throne, please come to our rescue cause the shoe really pinches now…

  3. nk

    April 29, 2015 at 10:40 am

    Phew! I almost had a heart attack. Thought it was N3.4b each!

    • Laura

      April 29, 2015 at 4:01 pm

      lol

  4. lol

    April 29, 2015 at 10:42 am

    Sucking Nigeria dry before the new President takes over.

  5. Why

    April 29, 2015 at 10:44 am

    Naija which way, I think we need a constitution that only pays pension for retired government officials for 5years and we should reduce the amount of times senators can be elected to 2 terms. All these money that you are sharing for doing nothing.

  6. oj

    April 29, 2015 at 10:46 am

    no wonder some people want to be in politics at all cost.

  7. Anon

    April 29, 2015 at 10:57 am

    This my dear people is why a lot of Nigerians want to go into politics. Wanton waste of our commonwealth. It’s money they don’t need because they have made shedloads already.

    300 per cent of his annual basic salary….only in Nigeria!

  8. uumph

    April 29, 2015 at 11:02 am

    Interesting….

  9. Fashionista

    April 29, 2015 at 11:13 am

    Politics is lucrative oh, chai!

  10. Taiwo

    April 29, 2015 at 11:19 am

    Iro ni o!!!

  11. Grace

    April 29, 2015 at 11:27 am

    Like seriously? #smh

  12. Kemmie

    April 29, 2015 at 11:28 am

    The perks of Nigerian political offices are just too attractive. No wonder people will do anything to get there. Although not the most demanding , but definitely the most rewarding job.

  13. Missy J

    April 29, 2015 at 11:33 am

    Buhari said he was going to look into the allowances past leaders collect, please he should better do it. This is too much. By the time he reduces it we will start begging people to contest cause political posts will be unattractive.

  14. kk

    April 29, 2015 at 11:44 am

    A lot of you guys find it hard to read and understand. The President’s annual basic salary is at N3, 514,705. That means he earns about 235k per month. I think the salary is quite decent….Now if you factor in all his allowances/perks then you can bat an eyelid.

    The Severance package is on an annual basis too which i also think is quite decent. I have a white collar job and we earn higher.

    • Oluwaseun

      April 29, 2015 at 1:20 pm

      @kk, big phat lie! Abike Dabiri once said in an interview on national TV that she takes home a basic salary of over EIGHT HUNDRED THOUSAND NAIRA MONTHLY! And she’s just a legislator in the lower house. What makes you think the president will earn far lower than that?

  15. Cece

    April 29, 2015 at 12:01 pm

    3.5m basic salary indeed when Governors earn millions.

  16. nwa nna

    April 29, 2015 at 12:15 pm

    A new bill needs to be passed drastically reducing the outrageous retirement benefits these theiving politicians give themselves after fleecing the treasury while in office

  17. heeba

    April 29, 2015 at 12:16 pm

    we don’t have power and Fuel and they are getting Severance Pay????Hmnnnnn

  18. nnenne

    April 29, 2015 at 12:53 pm

    If only our leaders will do their jobs like their lives depend on them, like other leaders around the world, shun corruption, stand by the rule of law, who would care how much they are taking home?
    The sad part is when people collect these money and nothing is done.
    Take a look at our congress men/women, for instance.
    Upon all that they take home, how many of them really know their constituencies? How many them have open door policy with their people?
    All they do is impeachment of their rivalries.
    The issue is not how much they are paid but how well they do their job.

  19. Laura

    April 29, 2015 at 3:54 pm

    Seriously? This is why Nigeria remains seemingly stagnant

  20. NaijaPikin

    April 29, 2015 at 3:57 pm

    And my father never see his pension for oever 15 years. sigh!

  21. Emeka Franklin

    May 1, 2015 at 12:01 am

    This is unbelievable ,how on earth would some one leave office that hug amount of money, why we so greedy that no amount is enough to us. upon all jumbo pays and allawees, they still want to go home 3.24 billion naira, then how much do we have left for good governance . may God help Nigeria

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