President Muhammadu Buhari has approved the immediate release of N22.68 billion as retirement benefits for ex-workers of Nigeria Airways.

This was disclosed by the Ministry of Finance on Monday.

According to the statement by the ministry, the move came after an initial submission by the former workers, which totalled their benefits as N78 billion.

However, after a verification by the Presidential Initiative on Continuous Audit (PICA) other relevant stakeholders in line with the conditions of service of Nigeria Airways Limited in liquidation and other extant rules and regulations, N45 billion was agreed as total retirement benefits of affected staff.

The release of the funds was posted in a tweet by the ministry’s handle, reading: “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."
Zainab Ahmed, the Finance Minister, subsequently tweeted: "15 years after, I’m happy to announce today, that President Muhammadu Buhari has approved the immediate release of N22.68 billion, being 50% of N45.3 billion total entitlements of the Ex-workers of Nigeria Airways Limited in Liquidation."


http://saharareporters.com/2018/09/24/breaking-after-15-years-buhari-releases-n22bn-nigeria-airways-retirees

Lalasticlala

Election they straight person head, he they power since like say them vote am for 8 straight years while he was misbehaving

Another looting gimmick

Where is the true certified copy of these list of retirerees?

This people are stealing us blind

Nigeria air scam failed, they are seeking other untraceable means

No amount of palliative measure ( bribes) can assuage the pains of the magnanimous sufferings of Nigerians for past 3+ years.

#B2Daura

#Neveragainshallevilulethisland