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Senate Approves 300% Pay Rise For CJN, Other Judicial Officers

Published

2 years ago

June 5, 2024

The Senate, on Wednesday, approved a bill that grants a 300 per cent salary increase for judicial officers at the federal and state levels.

The Red Chamber approved the report presented by the Senate Committee on Judiciary, Human Rights, and Legal Matters, chaired by Senator Mohammed Tahir Monguno (APC- Borno North), to the lawmakers.

This follows the consideration and adoption of an executive bill transmitted by President Bola Tinubu, which sought to prescribe improved salaries and allowances as well as other fringe benefits for judicial officers and workers.

The Executive bill forwarded by the President is titled “A Bill for an Act to Prescribe the Salaries, Allowances and Fringe Benefits of Judicial Office Holders in Nigeria and for Related Matters”.

The bill, if similarly passed by the House of Representatives, and assented to by the President will give the Chief Justice of Nigeria, Justice Olukayode Ariwoola, an annual salary of N64m.

The President of the Court of Appeal will be entitled to N62.4m, while Justices of the Supreme Court will earn the sum of N61.4m each.

All heads of the various courts, such as the Chief Judge of the Federal High Court, Chief Judge of the Federal Capital Territory High Court the President of the National Industrial Court, among others, would earn the same basic salary of N7.9 million annually.

Speaking further, the Borno lawmaker told his colleagues that stakeholders at the public hearing of the bill unanimously supported its passage.

“The proposed legislation is apt and timely as the increase in remuneration of judicial office holders is long overdue in the light of the present economic realities and high inflation in the country,” he said.

According to him, the bill is “Quite innovative”, because apart from an increment in the basic salary, it also takes into consideration certain peculiarities of the administrative structure and operational mechanism of the judiciary.

“Generally, the bill, if passed will birth an appropriate and commensurate remuneration that will ensure judicial independence and integrity.

“No doubt, adequate remuneration will allow judicial officers to focus on their professional development without worrying about financial constraint; hence it will improve their professionalism and decision-making skills.

“Fair compensation for judicial officers is crucial for maintaining public trust in the judiciary’s impartiality and integrity. When Judges are adequately compensated, it demonstrates a commitment by society towards the important role they play in upholding justice,” he added.

He added that the increment under consideration has been captured in the 2024 Appropriation Act.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

2 minutes ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

2 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.

News

Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

Published

19 hours ago

May 5, 2026

Editor

Senator Adams Oshiomhole has called on the Federal Government to retaliate against South African businesses operating in Nigeria following the recent attacks on Nigerians in South Africa.

Speaking during plenary on Tuesday, Oshiomhole said the Federal Government should consider revoking the working license of South African owned companies such as MTN and DSTV.

He argued that Nigeria must respond firmly to what he described as persistent hostility against its citizens.

“I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.

He argued that while some South Africans accuse Nigerians of taking their jobs, Nigerians should return home and take over employment opportunities created by major South African companies operating in the country, including MTN and DSTV.

“When we hit back, the President of South Africa will not only talk but will also go on his knees to recognise that Nigeria cannot be intimidated.

“We will not condone any life being lost. If a crime has been committed under the South African law they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that,” Oshiomhole added.

DAILY POST reports that several Nigerians in South Africa have reportedly been attacked, and their businesses destroyed, in ongoing xenophobic attacks in the country.