Accountant General of the Federation yet to receive PHCN workers severance payment

Office of the Accountant General of the Federation OAGF has yet to receive the severance package of workers of the Power Holding Company of Nigeria, investigations have revealed.

The National Council on Privatization chaired by Vice-President Namadi Sambo had ordered the OAGF to ensure that the workers were settled this week.

Similarly, the Bureau of Public Enterprises had at a meeting with the core investors in the PHCN successor companies assured them that the OAGF had received all the money required and would begin the payment.

Investigations by our correspondents, however, showed that the payment neither began as scheduled on Monday nor had the AGF’s office received the money.

A source close to the OAGF confirmed that that the money was supposed to be sourced from what accrued to the Federal Government from the sale of the successor companies, but added that the BPE had yet to remit the money.

The settlement of the PHCN workers is one of the issues that have stood between the core investors and the takeover of the successor companies as the core investors have insisted on settlement of labour liabilities before the handover now scheduled to take place on October 1.

Chairman, Electricity Distribution Roundtable, Ransome Owan, had confirmed the demand by the core investors and the assurance by government in an interview with our correspondent last week.

Meanwhile, the Chairman of the Supervisory Board of Transmission Company of Nigeria, Haman Tukur, has called on board members to work diligently to realise the Federal Government’s mandate with regards to quality and stable power supply to the people.

Tukur gave the charge in his opening address during the maiden meeting of the TCN Board, according to a statement made available to E-BIZ247 in Abuja Nigeria by the Assistant General Manager, Public Affairs, TCN, Dave Ifabiyi.