A Review of the Nigerian Energy Industry

Govt pays N373bn to former PHCN workers

23 April 2015, Lagos – The Federal Government has paid a total of N 373, 170, 291, 200.38 in entitlements to former staff of the defunct Power Holding Company of Nigeria, PHCN.

PHCN-Workers-protest-3011That amount, according to the Bureau of Public Enterprises, BPE, was paid to 46,744 , representing 98% of the 47,913 bonafide staff, of the workforce.

Consequently, the National Council on Privatisation, NCP, has directed the Implement- ation Committee which handled the exercise to hand over to BPE all information and documents concerning outstanding staff and pensioners’ verifications and payments, according to a statement by the BPE spokesman, Mr. Chigbo Anichebe, in Abuja, yesterday.

“The Council also directed that the process of verification and payment of all the outstanding cases should continue until the final resolution of the exercise,” the bureau clarified.

– Vanguard
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