• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Senate denies Obasanjo’s allegations about National Assembly fixing its own salary  

Cyrus Ademola by Cyrus Ademola
August 11, 2024
in Business News, Politics
Proposed 5% levy on companies for community project might lead to exits – Afrexim Bank
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Senate has denied the allegation by former president Olusegun Obasanjo that the lawmakers set their own salaries or receive special fiscal packages from the Presidency.  

In a statement released by Senate Spokesman, Senator Yemi Adaramodu, and posted on the Senate’s X account on Sunday, the lawmakers said the allegations are untrue and unfounded.  

Senator Adaramodu emphasized that no Senator has received any financial support or patronage from the Presidency.  

RelatedStories

Obasanjo’s Economic Team, Dangote Refinery, and the $1 Trillion Dream – Drinks and Mics

Obasanjo’s Economic Team, Dangote Refinery, and the $1 Trillion Dream – Drinks and Mics

March 29, 2025
Why Econet founder, Strive Masiyiwa’s net worth dropped by $1.2B in 12 months

Zimbabwean billionaire, Masiyiwa says idea to build Africa’s 1st AI factory inspired by Dangote, Obasanjo

March 25, 2025

He clarified that the constituency projects often associated with the legislature are simply proposed and nominated by Senators, in line with practices common in other democracies around the world. 

Furthermore, the Senate called on anyone with credible evidence to present contrary facts, labeling any claims that the National Assembly sets its own salaries as “uncharitable and malicious.” 

What the Senate Said 

Reacting to the allegations by Obasanjo, the Senate said:  

“To set the record straight, the Senate stressed that it only receives the salary allocated to it by the Revenue Mobilisation Fiscal Allocation Commission, in strict accordance with constitutional provisions.  

“The Senate challenged anyone with credible evidence to present contrary facts, describing any suggestion that the National Assembly fixes its own salaries as “uncharitable and satanic.” 

The Senate further explained that “the Executive arm of government, through its various Ministries and agencies, is responsible for awarding contracts for the constituency projects. The funds allocated for these projects, vary depending on the number of constituencies in each state and the intention is to ensure that every region of Nigeria benefits from federal resources”, the statement added. 

Backstory  

Former President Olusegun Obasanjo had earlier criticized members of the Senate and House of Representatives for independently determining their own salaries, calling the practice both immoral and unconstitutional.  

He made these remarks on Friday, August 9, while hosting six members of the House of Representatives, led by Ugochinyere Ikenga, at the Olusegun Obasanjo Presidential Library in Abeokuta. 

Obasanjo accused the executive branch of granting the legislature what does not rightfully belong to them, and noted that federal lawmakers have never refused these benefits.  

He highlighted this as one of the leadership challenges currently facing the country. The former president claimed that each federal lawmaker received N200 million and accepted it, emphasizing that it was improper for legislators to set their own salaries. 

Obasanjo also urged President Tinubu to pay attention to the demands of the youth, stating that their concerns are legitimate.


Follow us for Breaking News and Market Intelligence.
Tags: National AssemblyObasanjo
Cyrus Ademola

Cyrus Ademola

  • Cyrus Ademola is an energy and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and energy analysis. His works have been featured on different media outlets, covering from oil and gas to business trends.

Related Posts

Obasanjo’s Economic Team, Dangote Refinery, and the $1 Trillion Dream – Drinks and Mics
Digital Media

Obasanjo’s Economic Team, Dangote Refinery, and the $1 Trillion Dream – Drinks and Mics

March 29, 2025
Why Econet founder, Strive Masiyiwa’s net worth dropped by $1.2B in 12 months
Sectors

Zimbabwean billionaire, Masiyiwa says idea to build Africa’s 1st AI factory inspired by Dangote, Obasanjo

March 25, 2025
SERAP threatens to sue NASS over alleged N9.4bn presidency meals and travels budget 
Business News

Emergency rule in Rivers: National Assembly amended Tinubu’s proclamation, not a rubber stamp – Lawmaker 

March 24, 2025
Musa Dangiwa,
Budget

National Assembly secures additional N50 Billion for Housing Ministry in 2025 Budget 

February 20, 2025
REPS
Economy

House of Reps passes four tax reform bills for second reading

February 12, 2025
Sterling Bank CEO advocates for AI dev’t to maintain global competitiveness
Breaking News

National Assembly extends lifespan of 2024 budget to June 30th 2025

December 18, 2024
Next Post
FRSC says 5,081 people died in road crashes in 2023 nationwide

FRSC pledges to prosecute drunk drivers who hit pedestrians 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
Zenth Bank
first bank
Zenth Bank








DUNS

Recent News

  • OPEC+ may boost July oil output beyond planned 411,000bpd 
  • SystemSpecs announces winners of sixth essay competition, inspiring future leaders and National pride 
  • PE Energy submits landmark Engineering Audit of Oil & Gas Measurement Systems to NUPRC 

Follow us on social media:

Recent News

OPEC, crude oil production

OPEC+ may boost July oil output beyond planned 411,000bpd 

May 30, 2025
SystemSpecs announces winners of sixth essay competition, inspiring future leaders and National pride 

SystemSpecs announces winners of sixth essay competition, inspiring future leaders and National pride 

May 30, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics