Okorocha, Ambode, Others To Earn N2.06bn As Severance Allowance
Governor Akinwunmi Ambode. Image: Premium Times

Governor Akinwunmi Ambode, Rochas Okorocha and 12 other Governors along with their deputies and 434 state lawmakers will reportedly leave their offices with N2.06bn.

According to the investigation, these political office holders who are concluding their second terms in office will collect severance allowance.

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Concise News understands that according to a template obtained from the Revenue Mobilisation Allocation and Fiscal Commission, each of the governors will get a total of N6.67m as severance allowance. Each of their deputies will receive a total of N6.34m as severance allowance at the end of their tenures on May 29.

In other words, 14 governors and their deputies will be going home with a total of N182.11m at the expiration of their tenures on May 29.

Meanwhile, the severance allowance is separate from other packages which many states have put in place as retirement benefits or pension packages for their governors and deputy governors.

Some of such packages include unlimited health care benefits as well as houses in any place of their choice in the state. Some also offer another house in the Federal Capital Territory. Some former governors have been known to implement some of the packages for themselves towards the end of their tenures.

The investigation also showed that 434 state lawmakers spread across 27 states will be going home with a total of N1.88bn. Each state lawmaker is entitled to 300 per cent of their annual basic salary as severance allowance. This comes to N4.34m.

Akinwunmi Ambode who lost the nomination of his party prior to the governorship election on March 8; and Adamawa State Governor, Bindo Jibrila, and his counterpart in Bauchi, Mohammed Abubakar, who did not win their re-election bids are also among the governors to collect severance allowance.

Severance allowance is paid to political office holders at the end of their tenure. There are other allowances which they receive while in service. These include motor fuelling allowance, furniture allowance, newspaper allowance, hardship allowance and a host of others.