Salary (2)

For the sake of a “distinctive identity” and a desire to attract and retain a high calibre workforce, the Senate has approved a 100% increase in the salaries of the National Assembly workforce.

The new increase is coming at a time when the legislators are also considering increasing their pay by 68%, but will apply across the Legislative aides, the National Assembly staff and the management staff.

Discussions on the new salary structure was concluded in the Senate on Wednesday, following the adoption of a report of the Senate committee on establishments and public service, which reviewed the consolidated legislative salary structure for staff of the National Assembly.

The increase is a result of an agreement reached by the National Assembly service commission and the Parliamentary Staff Association on Nigeria.

The increment, according to the committee’s report, will take effect from January this year, but will be deployed in batches: 50% to be paid immediately, while the balance will be spread over the next eight years.

The 50% balance will be added up incrementally by 20%, 15%, and 15% after the second, sixth, and eight year respectively.

The cost

The implementation of the immediate 50% salary increment will cost the nation a whooping N11 billion annually, N4.65 billion above the N6.3 billion that it costs to service the National Assembly workforce currently.

The Senate, however, argued that it is a necessary step to strengthen the autonomy of the National Assembly.

“...there is the need to create an identity for the National Assembly service, in line with the constitution of Nigeria, which makes it an independent arm in tandem with the concept of separation of powers,” Mohamed Ahmed, chairman of the Senate committee, stated in the committee’s report.

He added that it was “imperative to establish a pay structure which will ensure good salaries and reasonable allowances that will attract and retain high calibre of staff, even from the academia and the private sector, as is the case in other parliaments of the world.”

With the initial 50% increase, grade level 17 officers with the National Assembly service commission will earn N5.25 million annually. A graduate at grade level 8 will earn N1.25 million annually, while the least - grade level 3 - will earn N404 thousand annually.

The National Assembly service commission has 317 staff and will cost a total of N4.57 billion annually.

The bulk of the money will, however, be spent on the legislative aides working directly under the lawmakers.

The legislative aides numbering 2 942, will cost the government N6.02 billion annually, till the next increment in 2012.

The third batch of employees, the National Assembly management staff, numbering 3 167, will cost the nation N4.576 billion annually.

“The committee is (also) of the strong opinion that an improved salary structure will encourage hard work, honesty, dedication, and commitment of staff; and will reduce corrupt tendencies and practices in the service,” Mr. Ahmed said..

Read more…
It has been revealed how Super Eagles striker, Obafemi Martins, extranvagantly squandered about N3.1 trillions while a player of Newcastle.MartinsadvertisementHis former management company, NVA Management Limited who has dragged the player to court over breach of contarct, told the jury how the player’s account almost went red because of his lifestyle.Obafemi Martins was paid £75,000, but allegedly squandered the earnings on an extravagant lifestyleA former Premiership footballer routinely blew his £75,000 a week wages in a matter of days and was constantly overdrawn, a court was told yesterday.Obafemi, ex-Newcastle striker 25, was paid the handsome salary after he joined the club for a £10million fee in August 2006.But despite his extraordinary earnings, his former management team yesterday claimed they repeatedly bailed him out after his bank account continually slipped into the red.The High Court heard that the Nigerian international player would withdraw £40,000 in cash from his bank account at the end of the week.But that would only last him two days, the court heard, as he topped up with a further £25,000 on the Monday morning.He was always overdrawn and repeatedly relied upon NVA Management Limited to ‘manage his life’, the High Court was told.Martins, who owned several fast cars including a top of the range Porsche 4X4, spent the money funding an extravagant lifestyle of luxurious penthouse homes and fine dining.He is now being sued by his former management company which claims that he still owes them 300,000 for sorting out his finances.He told the court that Martins would withdraw £40,000 for the weekend, followed by another £25,000 on the Monday.‘Despite earning these vast sums of money he was constantly overdrawn,’ added Mr Tennink.He said the firm, which looks after the affairs of several footballers, film and music stars, said that Martins had agreed to pay them for simply managing his life.It was under their stewardship that Martins agreed a £2million image rights deal ‘simply for being Mr Martins’.It’s claimed Martins was constantly overdrawn despite earning £75,000-a-weekHe also had lucrative sponsorship deals with various companies including Pepsi and Nike but had not been paid.When the company stepped in to run his affairs they sorted the unpaid contracts, bringing in thousands of pounds.They also organised visas when he travelled to Italy, where he once played for Inter Milan, and sorted out his passport, his mortgage and property valuations.They even arranged critical illness cover and were constantly running up and down the motorway from their London offices to Newcastle in a bid to do all that he required.‘But surely these were things a secretary could do?’ asked Judge Richard Seymour QC, referring to the size of fees charged.‘It was a Jeeves-type of role that they performed.’Mr Tennink protested that managing every aspect of his life was just part of what they did, and asked the judge to bear in mind the sort of figures these players earned.He said Martins had come to them in July 2007 and had agreed a fee of around £300,000 plus 20 per cent of any sponsorship monies they managed to acquire on his behalf.“He asked for these services to be carried out,” Mr Tennink told the court.Before they managed his affairs, Martins had not been paid a penny for his image rights for the use of his name on Newcastle shirts and mugs and had received nothing from his sponsorship deals.He could not even find the contracts he had originally signed, Mr Tennink added.Martins paid the company £67,500 in January last year and another £25,000 in April last year.But the question for the court to decide, said Mr Tennink, was whether there was a ‘binding obligation’ for him to pay the outstanding bill of over £300,000.After Newcastle were relegated from the Premiership last summer Martins was sold for £9million to German Bundesliga Champions Wolfsburg.Martins, who once owned a penthouse apartment overlooking Newcastle’s exclusive Quayside, is fighting the claim.The hearing is scheduled to last for three days.
Read more…

Blog Topics by Tags

  • in (506)
  • to (479)
  • of (339)
  • ! (213)
  • as (166)
  • is (157)
  • a (156)

Monthly Archives