22 February 2013

Nigeria: FG's N384 Billion to Ex - PHCN Staff Deceit - Union

Lagos — Electricity workers under the National Union of Electricity Employee (NUEE) said the federal government plan to pay N384billion as exit package for sacked Power Holding Company of Nigeria staff is a deceit against Nigeria.

Joe Ajearo, General Secretary of the union, said in a statement that the committee responsible for the accurate computation of exit package of PHCN staff is yet to conclude its assignment.

"It is instructive to remind government that the technical committee comprising of government appointed actuarist - Alexander Forbes, BPE, PHCN and the in-house unions charged with the responsibility of ensuring accurate computation of exit package of PHCN staff is yet to conclude its assignment," he said.

"The Alexander Forbes and BPE Officials discovered and accepted fundamental errors in the data used for their computation in the course of the committee's discussion and thus agreed to reconvene on a later date towards addressing the fundamental errors," he said.

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