Tag Archives: Pension

VANGUARD: How 21 States Spent N37.4billion On Pension For 47 Ex-Governors

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 Former governors are exerting pressure on the finances of state governments with pension payments and other entitlements draining billions of naira every year from developmental funds for the states.

 

Over N37.367 billion was, according to Vanguard findings, expended on servicing 47 former governors from 21 states in pension payments and provision of houses, staff, and vehicles replaceable between three and four years.

 

Bauchi tops pension payouts to ex-govs Payment of pension to former governors over a four-year cycle are highest in Bauchi, Rivers, Akwa Ibom, and Lagos states with former governors drawing N23.18 billion, N2.795 billion, N2.043 billion and N1.606 billion respectively over four years.

 

Former governors of Bauchi State are paid the sum of N1.201,634.28 billion per annum, while former deputy governors, according to Vanguard findings, earn N1,131,345.96 billion per annum. The amount is apparently based on the monetized benefits that include personnel, vehicles, houses and other allowances.

 

The payments are in many cases besides provisions for medical expenses for the former chief executives which run into hundreds of millions per ex-chief executive.

 

The pension payments and other entitlements drawn by the governors are irrespective of the prescription of the Revenue Mobilisation, Allocation, and Fiscal Commission, RMAFC providing 300 percent severance for the governors as stated in the Certain Political Office Holders and Judicial Officers Remuneration Act.

 

Under that act, former governors are like lawmakers entitled to 300% of their basic salary of N2, 223,705 amounting to N6,671,115 as severance pay. Some ex-governors Most of the provisions stipulate the provision of vehicles renewable every three to four years, accommodation at the state capital and sometimes in Abuja; 30-day-paid  holiday outside the country and free medical treatment for the former governors and their immediate family members. However, a few other states including Akwa Ibom, Yobe, Gombe, Lagos, Kano, Rivers, Kwara, and Sokoto, have earmarked outlandish cash transfers to the former governors.

 

The humongous payouts are sometimes styled as medical allowance and have generated controversies. The Sokoto State pension law provides for N200 million every four years for former governors, and with three former governors, the state would have to cough out N600 million every four years for the former governors. Another N180 million is set aside for payment to former deputy governors. Gombe was the first to pay out a benefit in the hundreds of millions when it paid N900 million to its two living former governors (Abubakar Hashidu and Senator Danjuma Goje) under the state pension law for former governors which provide N300 million per term for each of the two governors.

 

The Yobe State Pension Act signed into law in early 2007 by the former governor, Bukar Abba Ibrahim gives former governors pension for life.

 

The former governor/ deputy receive 200 million and 150 million respectively, two vehicles replaceable every four years, two drivers, free medical for the former governors/ deputies and their immediate families in Nigeria or abroad. Senator Abba Ibrahim, who served three different times as governor of the state is the only one enjoying the entitlement being the only former governor alive. The only other person to have shared the governor’s office with him were the late Senator Mamman Ali who died in office and the incumbent. Other recommendations besides the cash payments, some states, including Cross River, Kwara, Lagos, Rivers, Bayelsa, Delta, Ebonyi, Kano, Zamfara and Sokoto States have also recommended the payment of the basic salaries of the incumbent governors as yearly pension payments to their former governors.

 

The version of the governors’ pension law in Kwara State which came into effect in 2010 states that the former governor shall be entitled to two cars and a security car, replaceable every three years, a well-furnished 5-bedroom duplex, furniture allowance of 300 per cent of his salary; five personal staff, three DSS operatives, free medical care for the governor and the deputy, 30 per cent of salary for car maintenance, 20 percent for utility, 10 percent for entertainment, 10 percent for house maintenance.

Chief Emeka Wogu, a former minister who also represented Abia State in the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC and was chairman of the RMAFC committee which prescribed the severance payments told Vanguard that the pension laws prescribed by the states if inconsistent with the law as prescribed by the commission, would be deemed illegal.

 

Wogu, also a lawyer and public policy expert, however, drew back from declaring the payments to the former governors as illegal. “Anything outside the law that was recommended by the Revenue Mobilisation, Allocation, and Fiscal Commission, and not in consonance with the law, and where it is already prescribed by states houses of assembly, that means that such laws are in conflict with the federal law.” Ahead of the 2015 presidential election, General Muhammadu Buhari as the candidate of the All Progressives Congress, APC, had promised to use moral suasion to compel the governors to amend the provisions of the pension law on the ground that they were unsustainable.

 

Source: Sahara Reporters

SHOCKING: Kebbi government uncovers names of primary school pupils on pensioners’ register

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The Secretary to the State Government (SSG), Alhaji Umar Babale Yauri, who made the disclosure yesterday in Birnin Kebbi, said the pupils were among those claiming to collect pensions.

He pledged that government would weed out ghost pensioners and workers for genuine beneficiaries to get their entitlements.

He added that the government had set aside billions of naira for the payment of pensioners.

The SSG also stated that the current administration had strategised against infiltration, adding that the state had partnered with UNICEF to register Almajiri schools to expedite re-enrolment in conventional ones.

In another development, federal pensioners in Ogun State yesterday protested against their alleged unpaid 14-month gratuities and pensions.

They also accused the government of not paying the “desired and deserved” attention to their welfare. They called on the Labour movement and government at all levels to set “a day or a week for pensioners”.

The placard-carrying pensioners were those who retired from the Nigerian Television Authority (NTA), Neuropsychiatric Hospital as well as other federal agencies and establishments.

Their leader, Mr. Kayode da-Silva, who spoke at a press conference at the state secretariat of the Nigeria Union of Journalists (NUJ), Iwe-Iroyin, Abeokuta, called on President Muhammadu Buhari to declare a state of emergency on the situation.

Da-silva noted that the contributing pensions scheme stipulated that their gratuities should be paid three months after their retirement. But he lamented that the Federal Government and National Pensions Commission had not offered credible and satisfactory reasons for the protracted delay.

He said: “Only God knows how many of the pensioners have died on account of this undue and undeserved delay. A number of us suffer from age-related ailments and must be on drug daily.

“Pensioners should not be made scapegoats for all the shortcomings of Federal Government agencies and personnel.”

He, therefore, urged Buhari to order the immediate payment of their pensions by (PENCOM).

Contributory pension fund hits N5.9trn – PenCom

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Director-General (DG), National Pension Commission (PenCom), Chinelo Anohu-Amazu, on Wednesday said Nigeria’s Contributory Pension Fund (CPF) had risen to about N5.9 trillion as at October 31st 2016.

Ms. Anohu-Amazu disclosed this at the two day journalist conference, held at the Transcorp Hotel in Calabar, Cross Rivers State.

She disclosed that this is being invested in structured and safe financial instruments, adding that it has in its record, registration of 7.2 million pension contributors; 170,000 retirees under the Contributory Pension Scheme (CPS); amongst others.

She said these modest milestones notwithstanding, the implementation of the Pension Reform Act 2004 (PRA) was not bereft of challenges.

Her words: “We cannot overemphasize that the relative success of the implementation of the PRA 2004 could largely be attributed to the fundamental structures upon which the CPS was built.

Indeed, the cardinal principle of separation of custody from management and supervision of pension funds has resulted in a pension scheme with sound internal mechanism for transparency and accountability. Whereas the Pension Fund Administrators (PFAs) manage the pension funds, they do not have access to same, since custody is vested in the Pension Fund Custodians (PFCs), while the Commission ensures both parties adhere strictly to regulations governing the pension funds.

“Indeed, some issues were noted in the course of implementation since the PRA 2004 and this underscored the imperative for a comprehensive review of the PRA in order to consolidate on the Pension Reform”.

She said the re-enactment of the PRA in July 2014 provided a sound basis to guide the second decade of the Nigerian Pension Reform. The PRA 2014 sought to ensure that more tangible benefits accrue to retirees towards a more blissful retirement.

“As we seek to increase registered pension contributors to at least 20 million by the year 2019, informal sector participation through the Micro Pension Plan is expected to provide impetus. The Commission has also enhanced its support to the States in facilitating their adoption and implementation of the CPS by providing a bespoke technical assistance, through our State Operations Department and Zonal Offices in each of the 6 geo-political Zones,” she said.

Corruption: Police pension boss stole N24bn, built 22 houses.

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Revelations have emerged how Esai Dangabar, a former Director of the Police Pension Fund stole a whooping N24bn, and built 22 houses, The Punch reports.

An Economic and Financial Crimes Commission witness, Mr. Mustapha Gadanya, who was also part of those who investigated the matter said Dangabar lodged the stolen money in various banks as fixed deposits.

Speaking before a FCT High Court, Gadanya who gave details of how the money was laundered, revealed that the accused deposited N320m in Skye Bank between May 2008 and July 2009 for his companies, Marine Logistics and leisure Integrated Ltd.

The turnover of the N320m amounted to N249.8m and N241m, respectively which was later sent to the Federal Government after it was discovered.

He informed the court that between February 2009 and June 2010, Dangabar was assisted by the manager of Syke Bank, Jabi branch, to launder about N840m.

The witness told the court that Dangarbar built 16 duplexes at Wuye District and six flats at Efab, in Abuja.

The houses have since been forfeited to the Federal Government.

The trial judge, Justice Husseni Baba-Yusuf, adjourned the case till Thursday (today) for continuation of hearing.

Pension Assets Hit N5.8tn As PenCom Seeks To Invest 40% In Infrastructure

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The Director-General of the National Pension Commission (PenCom), Ms. Chinelo Anohu-Amazu, on Tuesday hinted that the total pension assets had hit N5.8 trillion, adding that the commission was targeting to invest 40 per cent of the funds in infrastructure and housing by 2019.

 

She was, however, quick to add that the safety of such investments would not be compromised, as they would require guarantees from government and stakeholders.

 

She said currently, 15 per cent of the assets are invested in infrastructure bonds, five per cent in infrastructure funds, 35 per cent in corporate bonds, and 20 per cent in mutual funds.

 

Speaking in Abuja on “Using Pension Funds for Infrastructure Development to Enhance Inclusive Growth” at an interactive forum organised by the Financial Correspondents Association of Nigeria (FICAN), she also disclosed that a multi-funds investment structure was being put in place to allow people some flexibility in investment choice, taking into consideration age, among others.

 

However, the PenCom boss further revealed that having recovered about N10 billion from employers who had failed to remit pension deductions, the commission had engaged the Economic and Financial Crimes Commission (EFCC) to prosecute employers who criminally deduct pensions without remitting same to Pension Funds Administrators (PFAs).

Represented at the forum by the Head, Investment and Supervision Unit, PenCom, Mr. Ehimeme Ohioma, the director general said the prosecution of such employers should begin soon with a “name and shame” strategy.

 

Nevertheless, she said the unavailability of investment projects remained a major challenge to the investment of pension assets in the country.

 

She identified other constraints to include political risk, policy somersaults, and lack of continuity, adding that less than three per cent of assets are currently invested in infrastructure through state government bonds.

 

She said government and other stakeholders had not really taken advantage of pension assets to develop infrastructure in the country.

 

Anohu-Amazu said as part of efforts to deepen pensions, a micro-pension scheme was being finalised to provide opportunities and products targeted at over 50 million people in the informal sector of the economy.

 

She said the proposed infrastructure projects should, however, be commercially viable and self-financing or able to generate cash flows to repay overtime while bid/concession processes must be open and transparent.

 

She added that political risks must be guaranteed for projects by the federal government or the IFC/World Bank and African Development Bank (AfDB) to effectively tap into pension funds for infrastructure development.

Buhari Never Received Pension, Gratuities From Army- Presidency

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President Muhammadu Buhari on Wednesday said he has not been receiving military pensions and salaries as former head of state since he assumed office in May 2015.

Mr. Buhari said, in fact, he did not receive pensions due to him as a retired military officers, unlike many of his contemporaries.

Mr. Buhari was reacting to a narrative circulating on social media which said he has been receiving double payments from the federal coffers.

In a statement released by presidential spokesman, Garba Shehu, on Twitter, Mr. Buhari said all financial gratuities, vehicles and even souvenirs due him were not paid to him by the Army.

“The President has never received pension from the army or car as had gone to former Commanders-in-Chief,” Mr. Shehu said. “After his overthrow, they didn’t remember him even  in the annual distribution of diaries or calendars.”

“Buhari stopped collecting allowances paid to former Heads of State the moment he took office as elected President last year.

“Since his overthrow as military ruler, the army never instituted a pension for him. The army is known to supply cars to former heads of the army. President Buhari never got any of that,” Mr. Shehu said.

Mr. Shehu said before Mr. Buhari was elected president, he did not benefit from vehicle supplies to former Nigerian leaders, a claim he said could be verified at the Office of the Secretary to the Government of the Federation.

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Two Retirees Slump During Pension Arrears Protest In Benue

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Two pensioners of the Benue State Civil Service slumped on Wednesday during a protest staged by retirees under the umbrella of Concerned Benue Pensioners in Makurdi, the state capital.

The retirees staged the protest against the Benue State government over alleged unpaid entitlements and gratuity which spanned 11 months.

The protesting pensioners took to the streets of Makurdi carrying placards with various inscriptions demanding for the immediate payment of their pension arrears.

 It was during the protest that two of them allegedly slumped and became unconscious. All efforts to revive the affected retirees proved unsuccessful. They were taken to an undisclosed hospital for medical attention.

Some of the inscriptions on the protesters’ placards read: ‘’Gov Ortom fulfill your campaign promises’’, ‘’Do not starve us to death,’’ ‘’Pay us our pension’’, ‘’We are more than 30,000 pensioners and we are dying like chickens everyday’’, “We are unable to buy our drugs’’, “Our children have stopped going to schools” and so on.

The protesters barricaded the popular CBN- Government House Roundabout causing gridlock for several hours while all efforts by security operatives to calm them down and allow free passage of vehicles failed until they finally decided to move themselves to the main Government House.

The protesters were received at the Government House by the Acting Secretary to the Benue State Government, Dr. Bem Meladu, commissioners of finance, education and the Head of Service.

Presenting their protest letter to the SSG for onward delivery to the governor who was said to be out of the state, the Chairman of the Concerned Benue Pensioners, Mr. Peter Ikyado, said the protest would not end if the state government failed to attend to their plight.

He added that his members were tired of “continued failed promises” by the state government on the payment of their pension arrears.

Credit: Punch

EFCC Arrests Suspended Pension DG, Others For N2.5bn fraud

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The Economic and Financial Crimes Commission has arrested the suspended Director-General, of the Pension Transitional Arrangement Directorate, Nelly Mayshak, and three others, Yoab Youssoufou, Patricia Iyogun, and Ruth Imonikhe for a N2.5bn fraud.

PTAD is an independent pension agency established in August 2013 to oversee the management of pensions under the Defined Benefit Scheme for pensioners not transiting to the defined contributory scheme.

It will be recalled that Mayshak was last month placed on an indefinite suspension and investigated after it was discovered that she allegedly received N50m monthly in salary and allowances.

According to sources at the EFCC, investigations into the alleged fraud revealed that Mayshak allegedly misappropriated about N2bn that was left in the pensions’ account of the Head of the Civil Service, Nigeria Immigrations Service, Nigeria Customs Service, and Nigeria Prisons Service.

She also allegedly embezzled about N500m meant as the take-off grant for PTAD.

The alleged scam, which borders on procurement fraud, was committed during her three-year tenure.

A detective at the anti-graft agency told our correspondent that Mayshak allegedly awarded several fictitious contracts to her cronies at PTAD, one of whom was her sister-in-law.

A source at the EFCC said, “In one instance, Mayshak allegedly approved N25,410,000 for the supply of 121,000,000 litres of fuel in one day when in fact there was no corresponding storage capacity, as PTAD only has a storage capacity of about 11,000 litres, which lasts for about a month.

“Mayshak is alleged to have awarded several phony contracts to cronies and members of staff of PTAD, through which she used to enrich herself as they only served as fronts for her.

“Between December 8 and 30, 2014 she awarded multiple contracts to one company , Interactive Wide Nigeria Limited  to the tune of N29,377,993.26. Contracts for the supply of office materials, air conditioners, and conference materials to the tune of N375, 704,287 were awarded to Belzacode, Hosley Nigeria Limited, and Pabak Nigeria Limited.”

Investigations revealed that one of the suspects, Yousoufou, who is the Team Leader, ICT Department, owned Belzacode; while Imonihke, Team Leader, DG’s Office, owned Hosley Nigeria Limited. Iyogun, who is Team Leader, Customs, Immigration, Prisons, Pensions Department, and also a sister-in-law to Mayshak, owned Pabak Nigeria Limited.

The anti-graft agency, however, said the three suspects were merely fronts for the prime suspect, Mayshak.

The suspects will be charged to court as soon as investigations are concluded.

The latest arrest of Mayshak is one of many pension scams in recent times.

Credit: Punch

Retired Cleaner Donates N10,000 Pension To Support Buhari’s War Against Corruption

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A pensioner, Mrs Rose Julius, on Monday, donated her monthly pension of N10,000 to support the Buhari administration’s war against corruption.
Julius announced the donation while presenting the N10,000 to Mr Femi Adesina, the Special Adviser on Media and Publicity to the President in Abuja.

 

The retired cleaner, who worked with the Lagos University Teaching Hospital, also promised a monthly contribution of N1,000 toward the rehabilitation of Internally Displaced Persons (IDPs) in the country.
She said that the donation was because she was convinced that President Muhammadu Buhari was a tested man of integrity who could be trusted to restore the lost glory of Nigeria and drastically curb corruption in the country.

 

The pensioner also commended the President’s efforts to end the Boko Haram insurgency and rehabilitate IDPs.

 

Receiving the donation on behalf of the President, Adesina thanked Julius for her faith in the Buhari administration.

 

He said “we have a pact with Nigerians to change things for the better and we are on the right track.

 

“President Buhari and his team are working tirelessly to revamp the economy, combat terrorism and curb corruption.”

 

 

(NAN)

Federal Retirees Decry Delay In Pension Payment By PFAs

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Some Federal Civil Service retirees on Wednesday in Lagos, decried late payment of their monthly pensions more than six months after retirement.

 

The retirees, who spoke to the News Agency of Nigeria (NAN), were unhappy that they had not been paid the monthly stipend from their savings with the Pension Fund Administrators (PFAs).

 

NAN reports that the Pension Reform Act came into effect on July 1, 2014 to govern and regulate the administration of the contributory pension scheme for both public and private sectors.

 

Under the Act, both employer and employee are required to make a minimum of 10 per cent and eight per cent contributions respectively.

 

Former President Olusegun Obasanjo’s administration had introduced the new pension scheme to address the problems associated with non-payment of pensions for several years by the previous administrations.

 

A retiree, Mr Stanley Moses, told NAN that in spite of efforts made to collate, fill and submit all necessary documents to his PFA after retirement, his PFA had failed to pay his money.

 

“I do not know why my PFA has not called me or pay any money into my account. I have filled all the forms they requested, but I have not heard from them,’’ he said.

 

“It has not been easy living without monthly income since I retired … my little savings is gradually being depleted.’’

 

Mr Zubby Emelike, who also disengaged after 35 years in service, lamented that because of the delay in the payment of the pension, he could not afford some essential drugs for his ailment.

 

“I appeal to the PFA to release my money. I cannot understand why I have not been able to receive any money one year after I retired.

 

“I have to pay house rent, feed my family and take care of my hospital bills as well. But it is becoming very difficult for me to cope without any income since I retired in March 2015,’’ Emelike said.

 

Contacted for his comment, Mr Oladetohun Jacob, the Regional Manager, Lagos Region Trustfunds Pensions Plc, hinged the delay on failure of the Federal Government to release the bonds.

 

According to Jacob, it takes about two years for government to release the bonds to PFAs being the money due to workers before the 2004 Contributory Pension Scheme.

 

“The bonds will facilitate remittance of such funds into PFAs which will in turn credit the accounts of retirees.’’

 

He noted that if the bonds were released on time, request by PFAs asking pensioners to fill some forms should not take more than two weeks, so that they could start receiving their pensions.

 

Also commenting on the issue, Mr Wabba Ayuba, the President, Nigeria Labour Congress (NLC), said the National Pension Commission (PenCom) should speak out on the hydra-headed problem.

 

“PenCom will be in the right position to explain why retirees should wait for so long before getting their money. It should explain the terms of such bonds and why it should take over a year to enable a retiree access his or her money.’’

 

NAN also reports that the Pension Act provides that aggrieved employee is obligated to approach PenCom for a redress before commencing an action at the National Industrial Court.

 

(NAN)

Kwara Won’t Reduce Minimum Wage — Gov. Ahmed

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Gov. Abdulfatah Ahmed of Kwara says his administration will continue to pay the N18,000 minimum wage inspite of the drop in revenue earnings.

 

Ahmed gave the assurance at the inauguration of an auditorium at the Michael Imoudu National Institute of Labour Studies, Ilorin.

 

“The state government is committed to the security and welfare of its workforce despite the current controversy about the proposed downward review of the minimum wage to workers in Nigeria.

 

“I am happy to announce that the state government is still committed to the continued payment of the minimum wage as it is notwithstanding the dwindling monthly allocations from the Federation Account,’’ Ahmed said.

 

The state government, he said, was also set to introduce the Contributory Pension Scheme in order to check post retirement pension challenges.

 

He said it was becoming increasingly impossible to sustain the present pension model where the state government was solely responsible for workers’ pension.

 

The governor described the Contributory Pension Scheme as result-oriented and affordable, saying it would be easy for beneficiaries to invest and get interest on their deposits.

 

“It is therefore necessary and in fact beneficial to adopt the more sustainable model of contributory pension in Kwara State,’’ he said.

 

The governor, who urged workers in the state to embrace the contributory pension model, said it would be beneficial to them and assist government in the judicious management of scarce resources.

 

The Director-General of the institute, Dr John Olarewaju, said the institution had been playing critical role in capacity development of the country’s labour force through various educational programmes.

 

 

 

(NAN)

Some Retirees Still Collect N2000 As Pension In Adamawa – NUP

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Comrade Umar Mairiga, Secretary, Adamawa chapter of the Nigeria Union of Pensioners (NUP), on Tuesday in Yola said that some pensioners still collect N2,000 monthly as pension in the state.

 

Mairiga told newsmen that “Adamawa is the state where you find the least paid pensioners in the country; we still have pensioners that collect N2000, N3000 and N4000 as pension”.
He said that the development was as a result of lack of compliance with the pension law that said government should increase pension by five per cent every five years and whenever there was an increase in workers’ salaries. “There was salary increase in 2003 but we did not benefit; there was another in 2005, but we were not captured. We also lost out in the minimum wage increase of 2010.
“Some of our members, out of frustration, vowed not to show up for the ongoing verification exercise, saying they would rather forfeit their N2000 or N3000 monthly pension”, Mairiga said. He urged the new APC-led administration of Gov. Muhammadu Jibrilla to make a difference by looking into the plight of pensioners in the state as they had been neglected for years by past administrations.

 

Mairiga said that retirees in the state were being owed about N8 billion accumulated pension and gratuity arrears, and urged the government take steps, such as allocating between N200million to N500 million monthly for the clearing of such arrears. ” We won’t mind even if it is N10 million monthly that is dedicated to the settlement of the arrears, particularly those of junior civil servants whose gratuity is between N400,000 and N800,000.
“Those category of retirees have no houses of their own; they need the money to erect a mud huts in their villages and wait for the end. ” It is not proper to deny retirees their right when it matters most; every able worker today is a potential retiree, hence the need for all stakeholders to start taking pension matters more seriously”, Mairiga said.

 

Credit : Vanguard

We Inherited N14bn Gratuity, Pension Arrears– El-Rufai

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El-Rufai, who spoke at a stakeholders’ sensitization conference for the North-West zone on Pension Reform Act 2014, organized by the National Pension Commission, PENCOM, said he had since confirmed 2,484 ghost pensioners and deleted their names from the pension payroll in his state.

El-Rufai, who was director- general, Bureau for Public Enterprises, BPE, said ghost pensioners were impossible under a fully contributory pension scheme.

He explained that Kaduna State approved a new pension bill based on the contributory model, adding that when passed by the House of Assembly, it would ensure that future retirees from the public service never suffered the pains of unpaid pensions.

On her part, Director- General, National Pension Commission, Chinelo Anohu-Amazu, said the commission was working to provide incentives with requisite flexibility in terms of access to encourage the informal sector to embrace micro pensions for future economic security.

She noted that effective and sustainable pension system remains a challenge in the country as well as in most African countries.

Credit: NationalMirror

Buhari To Repeal Ex Governors’ Pension Laws

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President-elect, General Muhammadu Buhari (retd), is to lead a campaign to repeal the pension laws for governors enacted by many states of the federation.

The proposal by the incoming president is based on what sources close to him affirm as the incongruity of the laws under the country’s socio-economic environment and also, as a way of demonstrating moral leadership from the top.

Majority of the nation’s 36 state Houses of Assembly have enacted generous pension entitlements for governors that in many cases provide 100 per cent pay for the incumbent governors buildings, generous medical allowances for them and their family members and annual holiday provisions, all of which are to last for life. Provisions in the pension allowances are also made for staff, security and vehicles that are renewable every three or four years.

Read More: vanguardngr