The package is broken down as N2.25 billion as benefits and N10.08 million gratuity, which is 300 per cent of his annual basic salary of N3.36 million. Besides, he will get pension for life.
The NJC recommended N2.5 billion payment to Muhammad’s predecessor Walter Onnoghen when he retired in 2019, just as Alfa Belgore who retired as CJN in 2007 was paid about N2.8 billion.
Like Governors, a retired CJN is entitled to at least four domestic staff and sundry allowances such as for accommodation, utilities, entertainment, medical, security, furniture, and vehicles.
The remuneration and severance package of political, public, and judicial officers are published on the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) website but the full detail of allowances is not.
Muhammad will get the financial package based on Section 291 (2) and (3a-c) of the Constitution as well as Section 2 of the Pensions Rights of Judges Act.