Chairman of the Presidential Advisory Committee Against Corruption, Professor Itse Sagay has disclosed that the average Nigerian Senator earns three billion naira per year.
He made revelation while delivering the Nigerian Society of International Law (NSIL) Public Lecture titled “The Many Afflictions of Anti-Corruption Crusade in Nigeria” as Guest speaker on Wednesday in Lagos.
“From the information I’ve gathered, a Nigerian Senator earns about N29 million per month and over N3 billion a year,” Sagay stated.
The comprehensive break down of the salary of the Senators written by Professor Sagay amounted to N3, 264, 329, 264.10 per annum.
The breakdown of the salary of 29 million naira monthly is as follows:
Basic Salary N2, 484, 245.50;
Hardship allowance, N1,242, 122.70;
Constituency allowance N4, 968, 509.00;
Furniture allowance N7, 452, 736.50;
Newspaper allowance N1, 242, 122.70;
Wardrobe allowance, N621,061.37;
Recess allowance N248, 424.55;
Domestic staff N1,863,184.12;
Personal Assistant N621,061.37;
Vehicle Maintenance Allowance N1,863,184.12;
Leave Allowance N248,424.55;
Severance Gratuity N7, 425,736.50
Motor Vehicle Allowance, N9, 936,982.00.
“The younger the more corrupt”
Sagay also spoke against the rush of younger politicians in haste to execute the affairs of the country, noting that Nigerian politics has quickly declined since the first Republic.
According to Sagay, “One common thread that runs through the attitude of recent politicians borders on greed, avarice, self-service and accumulation of wealth at the expense of the country.”
“Why the rush? A young politician who wants to run at 25 will still become 30, it is just a matter of five years. Why can’t they wait to run? Most politicians are just consumed by greed and the younger they get, the corrupt they become,” the professor said.