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