Bayelsa Assembly Approves 500k Lifetime Monthly Pensions for it’s Old and Serving Members

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The Bayelsa State House of Assembly on Wednesday approved monthly life pensions for all present and past members of the assembly.

The controversial bill sponsored by the leader of the House, Peter Akpe, which was passed on the floor of the House, approved 500,000 naira post service monthly pension to the speakers of the assembly, while deputy speakers will receive 200,000 naira and members will get 100,000 naira

The bill specifically provided that former lawmakers including persons of Bayelsa origin, who served in the old Rivers State, would enjoy life pensions for their services in the state as applicable to former presidents, vice-presidents, governors and deputy governors across the country.

To qualify for the speakership pension of N500, 000 monthly, the official must have served for two years and above.

It remains unclear whether Governor Seriake Dickson will sign the bill.