B2507212-PHCN-HeadquartersThe federal government says it has so far paid N214.22 billion severance allowances and N80.290 billion pension to 40,093 staff of the Power Holding Company of Nigeria (PHCN).

Permanent Secretary of the Ministry of Power Mr Godknows Igali disclosed this to State House correspondents yesterday after a stakeholders’ meeting held at the State House in Abuja.

According to Igali, this is coming ahead of the “brief symbolic ceremony” of the handover of the assets of the PHCN billed to hold simultaneously across the nation tomorrow.

He said while the government paid the severance allowance directly to the beneficiaries’ accounts, their pension was paid to their respective Pension Fund Administrators (PFAs).

He added that the government took necessary measures to ensure that only genuine workers of PHCN were paid.

He hinted that the government had issues with 1,478 workers of the Enugu Distribution Company whose biometric capture got corrupted by virus; while 929 others across the country also had their biometric date corrupted because of their large number. Those affected, he said, would soon be brought to Abuja for recapturing.

Igali also disclosed that names and bank accounts of 1,000 workers were duplicated; while about 2,500 others had no record.

“The severance aspect goes directly to the accounts of the beneficiaries and a lot of them have confirmed that they have gotten the alert in their count. And for those who have not got the alert, it is because of the issues of banks that have not completed their processes, but the government has given orders to all the banks concerned to ensure all workers get the alert on their accounts.”


Information from Daily Trust was used in this report.