This is coming fifteen years after the national
President Muhammadu
Buhari ha
webapex.net s approved N22.68 billion, as emoluments for the former staff of the
failed Nigeria Airways.
This is coming fifteen
years after the national carrier folded up in 2003.
The Finance Ministry
made th
westernmagazine.org is known via its official tweeter handle, @FinMinNigeria on Monday.
It said the amount is 50
per cent of the agreed N45 billion meant for them, following thorough
verification by the Presidential Initiative on Continuous Audit (PICA) and
other relevant st
ysin.org
akeholders in line with the conditions of service of Nigeria
Airways Limited in liquidation and other extant rules and regulations.
The tweet read:
““President Muhammadu Buhari has graciously approved the immediate release of
N22.68 billion & N20billion as retirement benefits of ex-workers of the
Nigeria Airways limited (in Liquidation) & ASUU’s request for
revitalisation fund of public universities.
“Regarding the
settlement of outstanding retirement benefits due to the ex-workers of the
Nigeria Airways, the initial submission for their retirement benefits was N78
billion.
“This amount was
verified by PICA & other relevant stakeholders in line with the conditions
of service of Nigeria Airways Limited in liquidation and other extant rules and
regulations. At the end of verification, N45 billion was agreed as total
retirement benefits of affected staff.”
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