N342.8b Ready For 40,093 PHCN Workers’ Severance Pay

All is set for the payment of severance packages to 40,093 Power Holding Company of Nigeria (PHCN) workers. Their names have been sent to the Office of the Accountant General of the Federation (OAGF) for payment, the Bureau of Public Enterprises (BPE) has said.
The BPE, in a statement by its spokesman Chigbo Anichebe, said the action was line with the government’s commitment to settling the workers’ outstanding payment and ensuring the smooth take off of the PHCN’s successor companies.

It said N342.8billion had been released to the Office of the Accountant General of the Federation for the payment.

Speaking at a forum in Abuja, BPE’s Director-General Benjamin Ezra Dikki said the figure represented payment to 84 per cent of the entire workforce of the former state-owned electricity giant.

Culled from THE NATION


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By: SAMOD BIOBAKU