Payment of the severance benefits of staff of the Power Holding Company of Nigeria (PHCN) has started. LEADERSHIP reliably gathered that the Office of the Accountant-General of the Federation (OAGF) commenced the payment since Thursday, August 1. However, the payments are being made in batches. LEADERSHIP also learnt that, as at August 1, a total of 20,304 PHCN staff had been cleared for payment. A total of 3,938 staff of power generation companies (GENCOs) and PHCN Headquarters were paid the sum of N34.585 billion. Also, another 16,366 staff of power distribution companies (DISCOs) have been cleared by the auditors and are ready for onward transmission to the OAGF for payment: the amount is N84.5 billion. On the whole, the federal government is to pay a total of N400 billion to the workers, retirees and pensioners of the PHCN.
Tuesday, 6 August 2013
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