Dear Members,Do you know that naijacrux is fully programmed to serve you better, Do you know that you can share your favorite post on naijacrux with friends on twitter,facebook, googleplus,myspace and many more! To share post on naijacrux with friends and family on twitter, facebook,googleplus,myspace,and many more, scroll to the down page of the post, Click on the Social Icon You Want To Share On To Share.


Author Topic: Nigerian FG releases N1bn for PHCN staff, retirees  (Read 12620 times)

0 Members and 1 Guest are viewing this topic.

Offline newspostng

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1027
  • Karma: +0/-0
Nigerian FG releases N1bn for PHCN staff, retirees
« on: September 21, 2018, 02:13:09 AM »
Loading...
The Federal Government has released about N1.05 billion to settle outstanding claims and entitlements of 408 staff and retirees of the defunct Power Holding Company of Nigeria (PHCN).


The Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, said on Thursday in Abuja that the payments were approved by the National Council on Privatisation (NCP), chaired by Vice President Yemi Osinbajo.

Okoh in a statement said that the settlement of the outstanding liabilities became possible after the Bureau on March 27, 2018, constituted a Technical Working Group, that worked with the Office of the Accountant-General of the Federation, who worked out the payment.


The Federal Government, after privatising the power company, had paid 47,041 out of the 47,913 staff of the defunct PHCN in 35 batches.

Also, 2,962 out of the 4,423 retirees of the company were paid and death benefits also paid to beneficiaries in 14 batches.

However, the remaining workers and retirees could not be paid because the government could not verify their claims as workers or past workers of the PHCN.


The NCP at its meeting of April 16, 2015, directed BPE to continue with the process of verification and payment of outstanding cases until a final resolution was achieved.

Following the NCP directive, the Bureau conducted the final verification in the six geo-political centres from October 3 to 14, 2016, resulting in the 408 beneficiaries who are now scheduled for payment.


 

 

Nigerian PDP Slams INEC , 2019: We have lost confidence in INEC

Started by yungcrux

Replies: 0
Views: 515
Last post February 21, 2018, 01:43:43 AM
by yungcrux
Nigerian National Drug Law Enforcement Agency NDLEA' nabbed notorious drug baron

Started by internet police

Replies: 0
Views: 525
Last post September 13, 2015, 04:50:27 PM
by internet police
Nigerian terror group Boko Haram repledged allegiance to ISIS group in new video

Started by mastercode

Replies: 0
Views: 475
Last post October 07, 2015, 08:50:13 PM
by mastercode
Customs boss, Hameed Ali vows to shun Nigerian senate invitation, Senate angry

Started by Postmaster

Replies: 0
Views: 738
Last post March 22, 2017, 03:56:17 AM
by Postmaster
President Obama Invites Nigerian President Buhari To White House

Started by admin

Replies: 0
Views: 479
Last post June 26, 2015, 09:17:55 AM
by admin
Buhari's first Nigerian President to stay at U.S President?s oficial guest house

Started by mastercode

Replies: 0
Views: 460
Last post July 20, 2015, 03:08:14 PM
by mastercode
Nigerian FG officially removed fuel subsidy, fuel will now sell for 145 naira

Started by admin

Replies: 0
Views: 429
Last post May 12, 2016, 06:14:32 PM
by admin
Nigerian FG recovers N1.6 Billion illegal bank charges from commercial bank

Started by yungcrux

Replies: 0
Views: 9296
Last post May 04, 2018, 01:10:34 AM
by yungcrux
Kinsmen Named Outgoing Nigerian President Jonathan "A prodigal son"

Started by mastercode

Replies: 0
Views: 888
Last post May 21, 2015, 02:13:01 AM
by mastercode
Power failure Repeatedly disrupt Nigerian Senate probe on power sector

Started by internet police

Replies: 0
Views: 493
Last post September 10, 2015, 02:26:41 PM
by internet police