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Monday, December 23, 2013

FG probes banks over delay in PHCN workers’ salary

Minister of Power, Prof. Chinedu Nebo
 
The Federal Government has ordered immediate investigation into allegations that delays experienced in processing the last set of payments to disengaging power sector workers had been traced to some banking institutions.
According to the government, a payment instruction given on December 10, 2013, to a particular Deposit Money Bank had not been transferred to the account of the Accountant-General of the Federation, 13 days after.
The Minister of Power, Prof. Chinedu Nebo, who disclosed these in Abuja on Monday, described the situation as “intolerable.”
He said the development was embarrassing the Federal Government. Nebo said a situation where the process of paying monies already released by government was causing frustration among workers was disheartening.
A statement from the Ministry of Power said the minister spoke during a meeting with his colleague from the Ministry of Labour, new owners of the defunct Power Holding Company of Nigeria successor companies and stakeholders in the sector.
 

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