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NASS members to walk away with N9bn booty

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Members of the 8th session of the National Assembly will next week collectively share a booty of about N9billion which is to cover their accommodation, furniture and vehicle allowances.

Investigations revealed that management of the National Assembly may have already set aside the amount for them.

A senior management worker, who revealed this on the condition of anonymity on Monday, explained that the amount represented 850 per cent of their basic salaries for four years.

He said, “A senator earns about N2m basic salary per month while the basic monthly salary of a member of the House of Representatives is about N1.8m.

“What the management usually do is to deduct upfront, 300 per cent as housing allowance, 300 per cent as vehicle allowance and 250 per cent as furniture allowance.

He added that when calculated, each senator would earn about N16.5m while a member of the House of Representatives would collect about N14.5 per cent each.

He said, “A senator, for instance, will collect N6m as accommodation allowance; N6m as vehicle allowance; and N4.5m as furniture allowance.”

The source added that the money would be paid directly into their individual bank accounts latest by next week.

He also added that other allowances such as the wardrobe allowance had been calculated and would be paid along with the other enumerated ones.

It will be recalled that the federal lawmakers started collecting accommodation allowances following the sale of the official residences of the National Assembly members in the Apo Legislative Quarters to them, sometimes in 2010 during the regime of former President Olusegun Obasanjo.

Since the principal officers of the Sixth National Assembly benefited from the sale of the houses, the Federal Capital Territory Administration (FCTA) is currently building new ones for the four presiding officers of both chambers.

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0 Comments

  1. OludeJoe

    June 17, 2015 at 6:56 am

    This jumbo pay explains why our politicians can do anything for power. Political positions are too lucrative in Nigeria, imagine someone collecting N16.5m windfall within first 14 days in office. This wastage has to stop.

  2. Tbaba

    June 17, 2015 at 8:38 am

    Politics of the pocket

  3. billion$

    June 17, 2015 at 12:44 pm

    i don tire for all these pple jare. see money…

  4. Joel Iyamu

    June 17, 2015 at 12:47 pm

    This looks like the same old regime oh, old wine in new bottle, how long are we going to continue like this….

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