By Ndubuisi Francis in Abja
The federal government has commenced the payment of entitlements to 408 active staff and retirees/ next of kin (NoK) of the defunct Power Holding Company of Nigeria (PHCN) who have been computed and audited by the Office of the Accountant General of the Federation (OAGF).
In a statement issued by its Head, Public Communications, Amina Tukur Othman, the Bureau of Public Enterprises (BPE), which put the entitlements at N1,053,402,476.03, said its Director General, Mr. Alex A. Okoh, expressed delight that following the approval of the National Council on Privatisation (NCP) chaired by the Vice-President, Prof. Yemi Osibanjo, the implementation is leading to the resolution of “this outstanding labour issue in the power sector privatisation”.
According to him, the current milestone in the resolution and settlement of…
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