108 ex-govs gulp billions in pension

One hundred and eight former state governors are currently living off their states through pensions and other entitlements they provided for themselves while in office.

The figure will rise to 121 as from the next general election in 2019 when 13 governors will end their second term.

Some governors began the practice in 2007 when they were rounding off their second term and the trend has been adopted by every outgoing governor since then.

Even those who served as acting governors because of certain circumstances are said to have benefited. There are 11 of such persons.

Under the RMAFC law, former governors are entitled to 300% of their basic salary of N2, 223,705 amounting to N6, 671,115 as severance pay.

The monetary pension for each ex-governor ranges between N200 million toN500 million severance pay.

The state assemblies also passed laws that allowed luxuries that include 100% current pay for life, one or two mansions built and furnished by the state, free medical service, fully paid annual vacation, cars and numerous aides.

Outgoing governors usually pay themselves hundreds of millions of naira weeks before vacating office.

There are currently 21 former governors and deputies serving in the Senate and cabinet of President Muhammadu Buhari.

The 19 northern states have a total of 56 governors, while the 17 southern states had only 52, during the 16-year period under review. Eight of the former governors are late.

Daily Trust, February 20, 2017

 

 

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