The just-retired Chief Justice of Nigeria Muhammad Tanko is expected to receive N2.5 billion as severance package from the Federal Government.
Muhammad’s severance package is similar to that of CJN, Walter Onnoghen who retired in 2019. The payment was recommended by the National Judicial Council (NJC).
A mansion will also be built for him in Abuja or any city of his choosing with a lump sum for furnishing.
This is in addition to a gratuity that is 300 per cent of his annual basic salary of N3.36m as well as a pension for life.
On Monday, Muhammad’s resignation due to ill-health was announced. Justice Olukayode Ariwoola, the next most senior Justice was later sworn in by President Muhammadu Buhari as the acting CJN.
Investogist gathered that the former CJN would get the financial package based on the provisions of Section 291 (2) and (3a-c) of the 1999 Constitution as well as Section 2 of the Pensions Rights of Judges Act.
Just like state governors, a retired chief justice is entitled to at least four domestic staff and sundry allowances for personal upkeep, including allowances for accommodation, utilities, entertainment, medical, security, furniture, and vehicles.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.