NIGERIA NEWS have gathered from reports that the President, Muhammadu Buhari has ordered that N22bn be released to former workers of Nigerian Airways with immediate effect.
The Ministry of Finance made this known today via a statement.
The Statement reads, “the move came after an initial submission by the former workers, which totalled their benefits as N78 billion.”
“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.”