Connect with us

News

LAGOS: Sanwo-Olu Moves To Abolish Pension Payment To Tinubu, Fashola, Ambode, Others

Published

on

Lagos State Gvernor, Babajide Sanwo-Olu, has announced his intention to stop the payment of pension to ex-governors and their deputies.

LAGOS: Sanwo-Olu Moves To Abolish Pension Payment To Tinubu, Fashola, Ambode, Others 3

Sanwo-Olu disclosed this in a bill submitted to the Lagos State House of Assembly while presenting the 2021 budget on Tuesday, November 10, 2020.

The Governor said the bill seeks to repeal the Public Office Holder (Payment of Pension Law 2007), which provides for payment of pension and other entitlements to former governors and their deputies.

“Mr Speaker and honourable members of the House, in light of keeping the costs of governance low and to signal selflessness in public service, we will be sending a draft executive bill to the House imminently for the repeal of the Public Office Holder (Payment of Pension Law 2007), which provides for payment of pension and other entitlements to former governors and their deputies,” he said.

The abolishment of Pension Law 2007 will stop payment of pension to Bola Tinubu, Babatunde Fashola, Akinwunmi Ambode and other individuals that served as governors and deputy governors in Lagos State.

READ:  Trump Spiritual Adviser Summons 'Angels From Africa And South America' To Help Him Win US Election [Video]

According to the governor, the abolishment of pension for former governors and deputies will reduce the cost of governance in the state.

“It is our firm belief that with dwindling revenues and the appurtenant inflationary growth rates, that we need to come up with innovative ways of keeping the costs of governance at a minimum while engendering a spirit of selflessness in public service,” Sanwo-Olu said.

Governor Sanwo-Olu said the bill will be sent back to the Lagos State House of Assembly to formally repeal the law.

READ:  Ekiti Governor, Kayode Fayemi Elected As President

It was gathered that the Pensions Law of 2007 adopted by Lagos State, provides one of the most lucrative pensions in the federation.

According to the law, former governors of the state are entitled to a house each in any location of their choice in Lagos and Abuja.

Section 2 of the law states that, “One residential house each for the governor and the deputy governor at any location of their choice in Lagos State and one residential house in the Federal Capital Territory for the governor on two consecutive terms.”

The law also provides for six new cars every three years, 100 per cent of the basic salary of the serving governor (N7.7m per annum), as well as free health care for himself and members of his family.

READ:  "212 In Lagos, 69 In Oyo" - Nigeria Records 624 New Coronavirus Cases As Total Rises To 41,804

The law also says former governors will be entitled to furniture allowance, which is 300 per cent of their annual basic salary (N23.3m); house maintenance allowance, which is 10 per cent of basic salary (N778, 296); utility allowance, which is 20 per cent of the salary (N1.5m) and car maintenance allowance, which is 30 per cent of the annual basic salary (N2.3m).

Other benefits include entertainment allowance, which is 10 per cent of the basic salary (N778, 296) and a personal assistant, who will earn 25 per cent of the governor’s annual basic salary (N1.9m).

A former governor will also be entitled to eight policemen and two officials of the Department of State Services (DSS) for life.

KanyiDaily recalls that Socio-Economic Rights and Accountability Project (SERAP), had filed a suit against the 36 states of the federation over life pensions being paid the former governors and former deputy governors.

READ:  Nigerian Airforce Killed Our Soldiers Thinking They Were Boko Haram - Army Officer [Video]

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

We're Coming For 'Yahoo Boys' Going Spiritual, Doing Money Rituals - EFCC Warns We're Coming For 'Yahoo Boys' Going Spiritual, Doing Money Rituals - EFCC Warns
Metro2 hours ago

EFCC: Lawyer Converts To Own Use N10m Belonging To Client

The Uyo Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Tuesday, arraigned one Barrister Utibe Hanson Inem...

CBN Governor, Godwin Emefiele Says Banks Will Still Accept Old Naira Notes After Deadline CBN Governor, Godwin Emefiele Says Banks Will Still Accept Old Naira Notes After Deadline
News3 hours ago

CBN Governor, Godwin Emefiele Says Banks Will Still Accept Old Naira Notes After Deadline

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has revealed that banks will still accept the old...

Attack On Buhari: The Children They Taught How To Hate Have Grown, Graduated With Distinction - Shehu Sani 4 Attack On Buhari: The Children They Taught How To Hate Have Grown, Graduated With Distinction - Shehu Sani 5
News3 hours ago

Attack On Buhari: The Children They Taught How To Hate Have Grown, Graduated With Distinction – Shehu Sani

Former Kaduna Senator, Shehu Sani has reacted to the attack on President Muhammadu Buhari by angry youths who hauled stones...

2023: Police Stops Tinubu's Rally In Niger Over ‘Likely Breach Of Security’ 2023: Police Stops Tinubu's Rally In Niger Over ‘Likely Breach Of Security’
Politics3 hours ago

2023: Police Stops Tinubu’s Rally In Niger Over ‘Likely Breach Of Security’

Niger State Police Command has stopped a rally organized for the presidential candidate of the All Progressives Congress (APC), Bola...

Peter Obi's Campaign Director Defects To PDP Over ‘Lack Of Structure' In Bauchi Peter Obi's Campaign Director Defects To PDP Over ‘Lack Of Structure' In Bauchi
Politics4 hours ago

Peter Obi’s Campaign Director Defects To PDP Over ‘Lack Of Structure’ In Bauchi

Alhassan Bawu, the Bauchi State campaign director of the Labour Party (LP) presidential candidate, Peter Obi, has defected to the...

"I'll never forgive y'all" - Ayra Star Laments As She Recounts Embarassing Moment With Nigerian Passport Officers "I'll never forgive y'all" - Ayra Star Laments As She Recounts Embarassing Moment With Nigerian Passport Officers
Beauty5 hours ago

“I’ll never forgive y’all” – Ayra Starr Laments As She Recounts Embarassing Moment With Nigerian Passport Officers

Fast rising singer and songwriter, Oyinkansola sarah, popularly known as Ayra Starr has recounted her experiences in the hands of...

Lagos State Police Lagos State Police
Metro5 hours ago

Lagos State Police Rescue Thief From Angry Mob After He Stole From National Stadium

The Lagos State Police Command says officers of Surulere division rescued a man from an angry mob after he stole...

How I Went From Being A Helpless Young Boy To Becoming A Superstar - Actor Lateef Adedimeji How I Went From Being A Helpless Young Boy To Becoming A Superstar - Actor Lateef Adedimeji
Entertainment5 hours ago

How I Went From Being A Helpless Young Boy To Becoming A Superstar – Actor Lateef Adedimeji

Nollywood actor, Lateef Adedimeji has taken to social media to share his grass to grace story ahead of his birthday...

IVD Charged With Involuntary Manslaughter Over His Wife Bimbo's Death, Allegedly Remanded In Prison IVD Charged With Involuntary Manslaughter Over His Wife Bimbo's Death, Allegedly Remanded In Prison
Celebrities6 hours ago

IVD Charged With Involuntary Manslaughter Over Bimbo’s Death, Allegedly Remanded In Prison

Celebrity car dealer, Ikechukwu Ogbonna, popularly known as IVD Autos, has been arraigned in court over the death of his wife,...

BBTitans: Big Brother Holds Double Diary Sessions For The First Time BBTitans: Big Brother Holds Double Diary Sessions For The First Time
Entertainment7 hours ago

BBTitans: Big Brother Holds Double Diary Sessions For The First Time

Big Brother Diary Sessions are back, better, and with a twist this time. Fans of the Big Brother reality show...

close