Former President Goodluck Jonathan; his deputy, Namadi Sambo; immediate past ministers and presidential aides as well as non-returning federal lawmakers will wait till next year before collecting their severance allowances, investigation by The PUNCH has shown.

Their severance allowances as contained in the remuneration package put together by the Revenue Mobilisation, Allocation and Fiscal Commission is valued at about N3.24bn.

Sources at the Ministry of Finance in Abuja confided in our correspondent on Thursday that the allowances of the political office holders that left office last weekend were not captured in this year’s budget.

The 2015 budget, which was passed by the National Assembly and signed by Jonathan on April 28, makes a provision of N2.3bn for “entitlements of former Presidents/Heads of state and Vice Presidents/Chiefs of General Staff.”

Explaining the reason why the severance pay was not captured in this year’s budget, the official said as of last year when the 2015 budget was being prepared, the outcome of the April 2015 elections could not be ascertained.

He said since the outcome of the elections could not be predicted, there was no way the Budget Office could have determined the number of political office holders that would not be re-elected.

The official added, “You will recall that the 2015 budget was prepared sometime last year and during the budget preparation, the elections had not been held.

“So it would be wrong to include the severance package of political office holders in the budget because as of the time the budget was prepared, these people were still holding political offices.

“Secondly, including their severance package before the elections were conducted would mean that we were pre-empting the outcome of a political process.

“So what we do is to wait for the outcomes of elections and on the strength of this, we can know the number of people that have left office and those re-elected.

“As for those political office holders that are leaving office this year, their severance package would be included in the 2016 budget which would be prepared later in the year.”

Under the severance package put together by RMAFC, Jonathan 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 left office the same day as Jonathan, is 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.

Like Jonathan and Sambo, they are entitled to 300 per cent of their annual basic salaries as severance allowances. This amounts to N6, 079,200 per senator.

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 former ministers, on the other hand, will be collecting a total of N253, 967,212.5. There were 42 ministers in Jonathan’s cabinet. Thirty one of them were senior ministers and 11 ministers of state.

Each of the former senior ministers is entitled to N6, 079,200 as severance allowance while each of the ministers of state will receive N5, 872,740.

This means that collectively, the senior ministers will get N188, 455,200 while collectively, the erstwhile ministers of state will receive N65, 512,012.5 .

The aides to the former President comprising special advisers, senior special assistants and special assistants will get N775, 207,125.

They were 23 of them that worked with the president as special advisers. Apart from this number, however, there were several others estimated at 110, who worked with the vice-president, the wife of the former President and special advisers that were designated either as senior special assistants or special assistants to the President.

This means that there were about 133 aides to the president and each of them is entitled to 300 per cent of their annual basic salary which amounts to N5, 828,625.

http://www.punchng.com/news/no-n3-2bn-severance-pay-for-jonathan-others-till-2016/

They never have it in mind that they'll loose the election. Okupe, ffk, Fayoshame & Abati no tell jonny Wetin dey ground before he carry budget go meet senate. For their small mind, there's no vacancy in aso rock
They will go through what they made pensioners go through before they get this money

No wonder the nation economy is at its lowest point. No nation can survive with this level of financial recklessness.

Post administrative looting...No wonder the country has hit its lowest since independence ..if they are really patriotic Nigerians, they should resist the acceptance..all of them...

So we are owing them after plundering the nation?

But that doesn't move them an inch cox they wont get hungry or craving for meal as most masses esp those owed 7+ months salary and being Starved by Osun State Government.

ERCROSS:
where is the sauce...

In the SaucePan

olasmith10:
.

Dot Com

ziccoit:
No wonder the nation economy is at its lowest point. No nation can survive with this level of financial recklessness.

Do you understand what Severance Pay is BTW? The low(NB. nt lowest as you want us to believe) economical strength isn't as a result of #3.2bn TO BE PAID but as a result of Fall in Oil price, high dependence on the oil sector, negligence of the steel sector, WEM etc.

Naijaland12:

Explaining the reason why the severance pay was not captured in this year’s budget, the official said as of last year when the 2015 budget was being prepared, the outcome of the April 2015 elections could not be ascertained.

He said since the outcome of the elections could not be predicted, there was no way the Budget Office could have determined the number of political office holders that would not be re-elected.

The official added, “You will recall that the 2015 budget was prepared sometime last year and during the budget preparation, the elections had not been held.

“So it would be wrong to include the severance package of political office holders in the budget because as of the time the budget was prepared, these people were still holding political offices.

“Secondly, including their severance package before the elections were conducted would mean that we were pre-empting the outcome of a political process.

“So what we do is to wait for the outcomes of elections and on the strength of this, we can know the number of people that have left office and those re-elected.

see sense!
even monkey get sense pass this one!

It's hard to believe Nigerian PDP politicians failed to budget for their own severance package just because they were not sure of the figures, I'm just not buying it. Whatever the case, those monies should be held till all probes are complete and looted funds recovered.

This people thought its possible to go through an election cycle with everyone maintaing the status quo?

Otherwise provision would have been made with just the numbers left to chance, even if there was no tsunami of the PDP machinery, did they believe there would have been no single casualty ?

No Vacancy in Aso Rock,PDP is to big to be defeated & APC will be in crisis after the state and presidential primaries were the mind set PDP members were working with.

But the amount is too much.
Why should they be given this amount considering the fact that they earned much during their term in office?

that money is much o!
meanwhile the masses are suffering

owk

windows 10 release date out http://www.edge.org.ng/2015/06/windows-10-realesed-date-out.html

Do they need the money to survive if they empower poor nigerians with 1/2 of the money,poverty will reduce to some extent, WE ARE IN A COUNTRY WHERE THE RICH ARE GETTING RICHER AND THE POOR ARE GETTING POORER

ERCROSS:
where is the sauce...

Check inside Pot Punch Newspaper

They just have to exercise patience. So many civil servants also wait for even longer before their gratuities are worked out, despite serving for 35 years.

....

Okay

efilefun:

sinizia:

Upnepaa:
.T

sinizia:

Busted!

whatever

ziccoit:
No wonder the nation economy is at its lowest point. No nation can survive with this level of financial recklessness.

And to imagine that they are yet to pay pensioners

Rumpelstiltskin:
Busted!

even as early as this

ERCROSS:
where is the sauce...

in the kitchen.

Please owe them the entitlement till they carry placards.... Let them protest non payment of their severance package allowance and pension. I wan see how e go be if Oga Sambo is leading a protest..

What kind of severance? This wasn't a gaddamn layoff, the clueless shoeless man and his cohorts were FIRED! They owe Nigerians a severance package as a matter of fact! What rubbish!

Its called a BUDGET for a reason people. You forsee scenarios and select the most probable & compare the Actuals against the budget to know how you fared, there are costs budgeted for that may never be incurred. Bottom line is they never thought they'll leave Office.

Also, one man - 133 aides that may have had no pedigree what so ever, to earn 5m each. Until we begin to run the public sector like the private, we certainly will continue to run one of the most expensive governments in the world.

TGIF.