President Jonathan, Vice-President Namadi Sambo, non-returning federal lawmakers, ministers and presidential aides will collect N3.24bn as severance allowances. The investigation by Punch News shown that severance allowances are contained in the Remuneration Package put together by the Revenue Mobilisation, Allocation and Fiscal Commission.
Goodluck 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 is entitled to 300 per cent of his annual basic salary which is put at N3, 514,705 and therefore his severance allowance will be N10, 544,115 after May 29. This however does not affect his constitutional benefits as a former President.
In the same vein, Vice-President Namadi Sambo, is entitled to 300 percent of his basic salary which is put at N3, 031,572.50. This means that his severance allowance after May 29 is N9, 094,717.50. He is also entitled to his constitutional benefits as a former Vice President.
There are 113 aides who work with the President, Vice President, Office of the First Lady as special advisers, senior special assistants or special assistants to the President. Each of them is entitled to 300 per cent of their annual basic salary which amounts to N5, 828,625.
Read more: Punch News