Akwa-Ibom State Governor Godswill Akpabio has explained the reason behind the passage of the amended pension law in the state, which has met with criticism from different quarters.
\nAccording to the governor, the law has been in existence since year 2000 and needed to be amended to block loopholes and check abuses of the open ended privileges extended to former chief executives and their deputies.
\nThe governor, who gave the explanation while signing the amended law, stated that \u201cwith the signing of this law, it supersedes the existing law passed by the previous administration which had been in existence since year 2000.
\n\u201cThe Nigerian constitution empowers the state Houses of Assembly to make laws for the wellbeing of its people, so we have today made the pension law for former governors and their deputies. This law was made in the year 2000 and was amended in 2006 and is now being amended in 2014.\u201d
\nHe disclosed that \u201cthe new law states that all staff of the former governors, should not earn more than N5 million annually and staff of former deputy governors should not earn more than N2 million annually.\u201d
\nWith this development, Akpabio noted that \u201cno former governor can spend more than N100 million in a year for medical expenses and no former deputy governor can spend more than N50 million for medical expenses, because such extra money would not be spent by the state government, because we are making sure that we cover all the loopholes of financial wastages.\u201d
\n\u201cFor the widows of former governors, they would receive a minimum of N1 million monthly for medical expenses and N500,000 for the widows of former deputy governors, \u201che said.
\nThe governor also disclosed that the law covers those who also served in the old Cross River State, stating that the law was to streamline and to bring sanity in the spending of the state finances, which he said has been misinterpreted by the public.
\nHe noted that the monies so appropriated would only be spent when any of the beneficiaries were admitted or being treated in any hospital, adding that, if at the end of the year, no one visited the hospital the money would be returned to the treasury.
\nThe state governor thanked the Speaker of the House of Assembly, Hon. Sam Ikon and members of the house for the peaceful manner they handled the amendment of the bill.<\/p>\n","protected":false},"excerpt":{"rendered":"
Akwa-Ibom State Governor Godswill Akpabio has explained the reason behind the passage of the amended pension law in the state, which has met with criticism from different quarters. According to…<\/p>\n","protected":false},"author":1,"featured_media":21992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-27310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n