REVEALED: See How Much Jonathan And Sambo Will Receive As Severance Pay

Goodluck Jonathan, Namadi Sambo and immediate past officials are yet to receive their severance allowances.

Namadi Sambo and Goodluck Jonathan

This is in accordance with the remuneration package put together by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), The Punch has learnt.

The sum totals around N3.24bn.

Sources in the finance minister in Abuja disclosed the former president and his vice would be paid the allowances in 2016, as this money was not included in the 2015 budget.

According to the budget passed by the National Assembly, there should be a provision of N2.3bn for “entitlements of former Presidents/Heads of state and Vice Presidents/Chiefs of General Staff”.

Explaining why the allowances were not included in the last year’s budget, the source said that the budget draft was being prepared last year, when the outcome of the general elections was not clear.

“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.

READ ALSO: Annual Incomes Of Buhari And Osinbajo

“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 outcome 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 will be prepared later in the year.”

Jonathan package according to RMAFC provisions:

The ex-president is entitled to 300% of his annual basic salary;

The president’s annual salary – N3, 514,705;

Thus severance allowance will be N10, 544,115.

Sambo’s package

The ex-vice president is entitled to 300% of his annual basic salary;

The vice president’s annual salary – N3, 031,572.50

Thus severance allowance will be N9, 094,717.50.

This is without prejudice to other constitutional entitlements stipulated for both officials.

About 76 senators and 290 reps, not returning to the 8th National Assembly, so as 42 ministers and 133 presidential aides are also to receive the allowances.

The post REVEALED: See How Much Jonathan And Sambo Will Receive As Severance Pay appeared first on NEWS.NAIJ.COM - Nigerian & worldwide news..