FG Pays N118bn Severance Package To PHCN Staff

Must Read

Again Emir Sanusi Hammers On Problems In Northern Nigeria

Muhammad Sanusi, emir of Kano, has come hard on fathers who do not take responsibility for their children and...

Senate Moves To Create Agency For Repentant Boko Haram Members

The Senate has initiated plans to establish a rehabilitation, deradicalisation and integration agency that would cater for repentant Boko...

Buhari Cares More For Boko Haram Than Law Abiding Citizens: Omokri

Reno Omokri, a staunch critic of the APC led administration has expressed that President Muhammadu Buhari loves Boko Haram...

Buhari Will Not Resign: Lai Mohammed

The Minister of Information and Culture, Lai Mohammed, says Nigeria's President Muhammadu Buhari will not resign his position over...

Why We Have Many Empty Seats During Plenary At National Assembly – Akin Alabi

Ever wondered why there are so many empty seats during the plenary session at the National Assembly?, well the...

phcn

The federal government said the payment of severance benefits to workers of the Power Holding Company of Nigeria (PHCN) had commenced since August 1, with the approval of about N118 billion for about 20,304 members of staff, who had been cleared.

The payment was being made by the Office Accountant General of the Federation (OAGF).

Speaking on the payment, Chairman, Implementation Committee on the settlement of the PHCN staff terminal benefits, Mr. Godswill Igali, disclosed that the initial batch of 3,938 names of staff comprising those from generation companies (GENCOs) and PHCN headquarters had been forwarded to the OAGF for payment, which was to the tune of N34.585 billion.

Another 16,366 members of staff of distribution companies (DISCOs) were cleared by the auditors and were ready for onward transmission to the OAGF for payments valued at about N84.5 billion as at August 5.

20,304 staff, according to Igali, had been cleared for payment.

“Hopefully, more staff will be cleared by the auditors before the end of this week as it is a continuous process,” he said.

- Advertisement -
Ad ==> Discover how a young Nigerian graduate now makes a consistent 40k per week doing a legitimate online business. You too can start yours now, click here!!!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More Articles Like This

- Advertisement -