The Federal Government Thursday said it has approved N16.5b as deaths and gratuity payments for 3,334 pensioners of the defunct Power Holding Company of Nigeria (PHCN).
Managing Director of the Nigeria Electricity Liability Management Company (NELMCO) Limited, Dr. Samuel John Agbogun, who disclosed this, said the development is part of the mandate of NELMCO to take over the management and settlement of PHCN’s Power Purchase Agreement (PPA) debts as prescribed by the National Council On Privatisation
He spoke while addressing members of the Nigeria Union of Pensioners (NUP), Electricity Sector at the mid-term special central working Committee/National Executive Committee meeting in Benin, Edo State, saying NELMCO currently has over 4,000 pensioners court cases as current liabilities to settle.
He also said his agency has outstanding liabilities of over N713billion as huge debts that were owed to creditors including the Independent Power Producers (IPPs) , partly foreign loans as well as those owed government agencies, PHCN pensioners and power producers.
Dr. Agbogun saidf a harmonization committee is currently working on outstanding petitions on the biometric documentation on information needed for the payment of pensions and when the report of the committee comes out, NELMCO would start immediate implementation of the report without delay
Speaking, President of NUP, Electricity Sector, Comrade Temple Ubani urged NELMCO to urgently resolve the biometric issues that have been used as the escape route for the delay in the payment of pension of his members.
He spoke while addressing members of the Nigeria Union of Pensioners (NUP), Electricity Sector at the mid-term special central working Committee/National Executive Committee meeting in Benin, Edo State, saying NELMCO currently has over 4,000 pensioners court cases as current liabilities to settle.
He also said his agency has outstanding liabilities of over N713billion as huge debts that were owed to creditors including the Independent Power Producers (IPPs) , partly foreign loans as well as those owed government agencies, PHCN pensioners and power producers.
Dr. Agbogun saidf a harmonization committee is currently working on outstanding petitions on the biometric documentation on information needed for the payment of pensions and when the report of the committee comes out, NELMCO would start immediate implementation of the report without delay
Speaking, President of NUP, Electricity Sector, Comrade Temple Ubani urged NELMCO to urgently resolve the biometric issues that have been used as the escape route for the delay in the payment of pension of his members.
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