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

Punch reports that this is part of the remuneration package put together by the Revenue Mobilisation, Allocation and Fiscal Commission. The package shows that  Jonathan, who will hand over 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.

Also, 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. These two positions have some constitutional benefits at the end of the day.

About 76 senators are not returning to the National Assembly due to the failure in their bids to return. These senators, just like Jonathan and Sambo, are however entitled to N462,019,200 at the expiration of their tenure on June 5, the 300 per cent of their annual basic salaries as severance allowances . This means  every senator will get N6, 079,200.

Also, in the House of Representatives, about 290 members are not returning to the 8th National Assembly to be proclaimed into existence by Buhari on June 5. Each of the members is entitled to N5, 955,637.50 as severance allowance. This means that the 290 members   will be paid N1, 727,134,875. The ministers, on the other hand, will be collecting a total of N253, 967,212.5. There are 42 ministers in Jonathan’s cabinet. Thirty one of them are senior ministers and 11 are ministers of state. Each of the senior ministers is entitled to N6, 079,200 severance allowance while each of the ministers of state   will receive N5, 872,740.

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