Huge retirement benefits await Sen. Dr. Ifeanyi Okowa after he retired from office as Delta State governor.
He and his deputy will soon be enjoying some lucrative benefits as an ex-governor.
The hefty retirement goodies came courtesy of the signing of the Delta State Governor and Deputy Governor Pension Rights and Other Benefits Law in 2005 by former governor James Ibori.
The law was amended in 2009 as the Delta State Governor and Deputy Governor Pension Rights and Other Benefits (Amendment) Law, 2009.
It makes provision for ex-governors to be paid allowances and other benefits pegged at N50m yearly.
The listed benefits include; A furnished duplex in Delta State or any other state in the country worth over N300 million;
350% gratuity of his basic salary for the first tenure;
A gratuity of 450% of his basic salary for the second tenure;
Pension of 70% of the salary of the first term;
Pension of 80% of the salary of the second term;
Medical treatment for him and members of his immediate family;
Two vehicles, including a utility vehicle, not below the sum of N20 million each, every two years;
Two armed policemen and one Department of State Security officer;
15 days’ annual vacation in any place of his choice and other benefits;
In an office with four aides, each of the four domestic workers will earn N100,000 monthly.
