LAGOS ASSEMBLY MOVES TO REDUCE EX-GOVS' PENSIONS

“This House is amending the Public Office Holder (Payment of Pension) Law.

The amendment is titled, Public Office Holders (Payment of Pensions) Amendment Bill, 2016.

The bill has been read first time and awaiting second reading.

The intendment of this bill is to save
taxpayers’ money while addressing the cost implication of some parts of the law.

“For instance, the law allows a former governor and the deputy to have a house each in Lagos and Abuja, while both governor and the deputy are also entitled to six and five vehicles respectively.

“But with the amendment, both the governor and the deputy will be limited to a house in Lagos where they served, as well as have three and two vehicles
respectively.

“At the same time, the amendment seeks to accord due recognition to the legislature by allowing the Speaker and
the Deputy Speaker to benefit in the pension.”