Connect with us

Local News

Nigerian Airways Retirees Get 22bn From FG

Published

on

Nigerian Airways Retirees Get 22bn From FG

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.”

“President Muhammadu Buhari has graciously approved the immediate release of N22.68billion & N20billion as retirement benefits of ex-workers of the NigeriaAirways limited (in Liquidation) & ASUU’s request for revitalization 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.”

Advertisement
Advertisement
email for nigerianews

email for nigerianews

NigeriaNews_net

Advertisement